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

09Jan2015January 9, 2015

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 . . .

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Author

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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