Meet Herb Allison, Fannie Mae’s New CEOHe advised John McCain in his 2000 campaign and worked for Merrill Lynch for almost 30 years. But to his employees at TIAA-Cref, he was notorious for another reason.
Jimmy Cayne Almost Died Trying to Save Bear StearnsBut he’s okay! Even if Bear is not. The 73-year-old former Bear Stearns CEO talks about his near-death experience, how he did not smoke pot with that woman (not in a bathroom, anyway), and how he became “roadkill” on the brink of the firm’s collapse, all in an epic interview with ‘Fortune.’
Why Banking Is a MovementIt’s not just a job, it’s a mentality, according to the author of the new book, ‘Damn It Feels Good to Be a Banker.’
in other news
Joe Bruno Gets a New JobThe former State Senate Majority Leader will be the CEO of an information technology firm — which, of course, has contracts with the state government.
Eliot Spitzer Pimps His New Vulture FundOn his 49th birthday, we get reports that Spitzer’s legal future looks grim, but his financial plan is a good one! Oh, yeah, and he doesn’t think the whole hooker thing was that big of a deal.
David Holzer Is a Pretty Crappy FriendAn ex–Brean Murray trader stole $16 million from his friends and spent it on bright, shiny things and cars that go vroom. His friends are kind of mad.