Herb Allison, Financial Bailout Chief, Stepping Down

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Herb Allison, the head of the government's $700 billion financial bailout program, announced on Wednesday that he would resign. The TARP program, which began under President George W. Bush, became a frequent target of Republican attacks and the general public. Many people questioned the government rescue of big banks at a time when unemployment was surging and thousands of Americans were losing their homes to foreclosure.

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