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 . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required


Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 10/31/2019 or after next 25 20 subscribers take advantage whichever comes first – please do not share this discount with others

 

0