Allison praises TARP as he steps down from Treasury

09/23/2010 | Wall Street Journal, The

Herbert Allison, the Treasury's assistant secretary for financial stability, sent an e-mail to colleagues saying that he is leaving the government post to be with his wife in Connecticut. Allison was responsible for overseeing the Troubled Asset Relief Program as well as development and coordination of regulatory issues. TARP has "proven remarkably successful in achieving its goal of stabilizing the financial sector and laying the foundation for our nation's economic recovery," Allison wrote. "With the TARP program entering a new phase and continuing to wind down, I have decided that now it is the right time for me to step down."

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