Franklin Raines now in charge of managing TARP funds????????????

Am I living in a parallel universe?  What is wrong with the White House?  Franklin Raines ran Fannie Mae during the years leading up to the crash.  He left with $MM and then Fannie needed to be bailed out.  This is ridiculous.  Putting the FOX in charge of the HEN house.  The only thing that would serve to make this more laughable is if Barney Frank was his Chief of Staff.