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Herbert M. Allison
Herbert Monroe Allison, Jr. (August 2, 1943 – July 14, 2013) was an American businessman who oversaw the Troubled Asset Relief Program (TARP) as Assistant Secretary of the Treasury for Financial Stability from 2009 to 2010. His previous positions included president and CEO of Fannie Mae, a post to which he was appointed in September 2008, after Fannie was placed into conservatorship. Prior to that, Allison was chairman, president and chief executive officer of TIAA from 2002 until his retirement in 2008.Press Room, U S Department of Treasur"Herbert M. Allison, Jr. Confirmed as Assistant Secretary for Financial Stability", ''U.S. Department of Treasury'', June 19, 2009. "Wall Street Journal Topics: Herb Allison"
"Wall Street Journal", Accessed July 17, 2009.
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Assistant Secretary Of The Treasury For Financial Stability
The Assistant Secretary of the Treasury for Financial Stability was the head of the Office of Financial Stability in the United States Department of the Treasury. The position was created on October 3, 2008 by the Emergency Economic Stabilization Act of 2008, the act that created the Office of Financial Stability to administer the Troubled Asset Relief Program. By law, the Assistant Secretary of the Treasury for Financial Stability is appointed by the President of the United States with the advice and consent of the United States Senate. During a vacancy, the United States Secretary of the Treasury is authorized to appoint an Acting Assistant Secretary of the Treasury for Financial Stability. The position was abolished after Timothy Massad. List of Assistant Secretaries of the Treasury for Financial Stability {, class="wikitable" !Name !Picture !Assumed office !Left office !President appointed by !, Secretary served under , - , Neel Kashkari (Acting) , , October 6, 2008 , May ...
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Pittsburgh
Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania behind Philadelphia, and the List of United States cities by population, 68th-largest city in the U.S. with a population of 302,971 as of the 2020 United States census, 2020 census. The city anchors the Pittsburgh metropolitan area of Western Pennsylvania; its population of 2.37 million is the largest in both the Ohio Valley and Appalachia, the Pennsylvania metropolitan areas, second-largest in Pennsylvania, and the List of metropolitan statistical areas, 27th-largest in the U.S. It is the principal city of the greater Pittsburgh–New Castle–Weirton combined statistical area that extends into Ohio and West Virginia. Pitts ...
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Fannie Mae
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts"). Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac. In 2022, Fannie Mae was ranked number 33 on the ''Fortune'' 500 rankings of the largest United States corporations by total revenue. __TOC__ History Background and early decades Historically, most housing loans in the early 1900s in the United States were s ...
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Human Resources
Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include manpower, Labour (human activity), labor, personnel, associates or simply: people. The Human Resources department (HR department) of an organization performs human resource management, overseeing various aspects of employment, such as compliance with labor law and employment standards, job interview, interviewing and selection, performance management, administration of Employee benefits, organizing of employee files with the required documents for future reference, and some aspects of recruitment (also known as talent acquisition) and employee offboarding. They serve as the link between an organization's management and its employees. The duties include planning, recruitment and selection process, posting job ads, evaluating the performance ...
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Treasurer
A treasurer is the person responsible for running the treasury of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance. Government The treasury of a country is the department responsible for the country's economy, finance and revenue. The treasurer is generally the head of the treasury, although, in some countries (such as the United Kingdom or the United States) the treasury reports to a Secretary of the Treasury or Chancellor of the Exchequer. In Australia, the Treasurer is a senior minister and usually the second or third most important member of the government after the Prime Minister and Deputy Prime Minister. Each Australian state and self-governing territory also has its own treasurer. From 1867 to 1993, Ontario's Minister of Finance was called the Treasurer of Ontario. Originally the word referred to the person in charge of the treasure of a noble; however, it has now m ...
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Investment Banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services ( fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique ...
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Stanford University Graduate School Of Business
The Stanford Graduate School of Business (also known as Stanford GSB) is the graduate business school of Stanford University, a private research university in Stanford, California. For several years it has been the most selective business school in the United States, admitting only about 6% of applicants. Stanford GSB offers a general management Master of Business Administration (MBA) degree, the MSx Program ( MS in Management for mid-career executives) and a PhD program, along with joint degrees with other schools at Stanford including Earth Sciences, Education, Engineering, Law and Medicine. The GSB also offers Stanford LEAD Business Program, an online professional certificate program. History The school was founded in 1925 when trustee Herbert Hoover formed a committee consisting of Wallace Alexander, George Rolph, Paul Shoup, Thomas Gregory, and Milton Esberg to secure the needed funds for the school's founding. Willard Hotchkiss became the first dean of Stanford GSB. ...
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Operation Market Time
Operation Market Time was the United States Navy, Republic of Vietnam Navy and Royal Australian Navy operation begun in 1965 to stop the flow of troops, war material, and supplies by sea, coast, and rivers, from North Vietnam into parts of South Vietnam during the Vietnam War. Also participating in Operation Market Time were United States Coast Guard's Squadron One and Squadron Three. The U.S. Coast Guard operated under U.S. Navy command heavily armed patrol boats and large cutters that included 5-inch naval guns used in battle and gunfire support. Radar picket escort ships, based in Guam or Pearl Harbor, provided long-term presence at sea offshore to guard against trawler infiltration. Originally built for World War II convoy duty, and then modified for distant early warning ("DEW") duty in the North Atlantic, their sea keeping capability made them ideal for long-term presence offshore where they provided support for Patrol Craft Fast (PCF) boats, pilot rescue and sampan in ...
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Navy Commendation Medal
The Commendation Medal is a mid-level United States military decoration presented for sustained acts of heroism or meritorious service. Each branch of the United States Armed Forces issues its own version of the Commendation Medal, with a fifth version existing for acts of joint military service performed under the Department of Defense. The Commendation Medal was originally only a service ribbon and was first awarded by the U.S. Navy and U.S. Coast Guard in 1943. An Army Commendation Ribbon followed in 1945 and in 1949 the Navy, Coast Guard, and Army Commendation ribbons were renamed the "Commendation Ribbon with Metal Pendant". By 1960 the Commendation Ribbons had been authorized as full medals and were subsequently referred to as Commendation Medals. Additional awards of the Army and Air Force Commendation Medals are denoted by bronze and silver oak leaf clusters. The Navy and Marine Corps Commendation Medal and Coast Guard Commendation Medal are authorized gold and silver ...
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Nha Trang
Nha Trang ( or ; ) is a coastal city and capital of Khánh Hòa Province, on the South Central Coast of Vietnam. It is bounded on the north by Ninh Hòa District, Ninh Hoà town, on the south by Cam Ranh city and on the west by Diên Khánh District. The city has about 392,000 inhabitants, a number that is projected to increase to 560,000 by 2015 and 630,000 inhabitants by 2025. An area of of the western communes of Vietnam, communes of Diên An and Diên Toàn is planned to be merged into Nha Trang which will make its new area based on the approval of the Prime Minister of Vietnam in September 2012. Nha Trang is well known for its beaches and scuba diving and has developed into a popular destination for international tourists, attracting large numbers of Backpacking (travel), backpackers, as well as more affluent travelers on the south-east Asia circuit; it is already very popular with Vietnamese tourists, with Nha Trang Bay widely considered as among the world's most beautiful ...
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South Vietnam
South Vietnam, officially the Republic of Vietnam ( vi, Việt Nam Cộng hòa), was a state in Southeast Asia that existed from 1955 to 1975, the period when the southern portion of Vietnam was a member of the Western Bloc during part of the Cold War after the 1954 division of Vietnam. It first received international recognition in 1949 as the State of Vietnam within the French Union, with its capital at Saigon (renamed to Ho Chi Minh City in 1976), before becoming a republic in 1955. South Vietnam was bordered by North Vietnam to the north, Laos to the northwest, Cambodia to the southwest, and Thailand across the Gulf of Thailand to the southwest. Its sovereignty was recognized by the United States and 87 other nations, though it failed to gain admission into the United Nations as a result of a Soviet veto in 1957. It was succeeded by the Republic of South Vietnam in 1975. The end of the Second World War saw anti-Japanese Việt Minh guerrilla forces, led by communist fi ...
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Philosophy
Philosophy (from , ) is the systematized study of general and fundamental questions, such as those about existence, reason, knowledge, values, mind, and language. Such questions are often posed as problems to be studied or resolved. Some sources claim the term was coined by Pythagoras ( BCE), although this theory is disputed by some. Philosophical methods include questioning, critical discussion, rational argument, and systematic presentation. in . Historically, ''philosophy'' encompassed all bodies of knowledge and a practitioner was known as a ''philosopher''."The English word "philosophy" is first attested to , meaning "knowledge, body of knowledge." "natural philosophy," which began as a discipline in ancient India and Ancient Greece, encompasses astronomy, medicine, and physics. For example, Newton's 1687 ''Mathematical Principles of Natural Philosophy'' later became classified as a book of physics. In the 19th century, the growth of modern research universiti ...
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