US Government Manages $3 Trillion in Loans With Three Mid-Level Staffers

The U.S. federal government has a $3 trillion lending portfolio that is managed by three mid-level civil servants with no relevant experience, a Politico Magazine revealed.

One such loan portfolio originates from a bloated, politically influenced program to aid the U.S. shipbuilding industry and is emblematic of the problem. The program provided assistance to billionaire investor Sam Zell in building cruise ships . . .


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