Although less than half a year in, the Biden regime is no stranger to controversial nominees for the Cabinet. One current nominee for the Director of the Bureau of Land Management appears to be no exception to this trend. The nominee in question, Tracy Stone-Manning, is under suspicion from several Congressional Republicans as a result of an unusual loan she obtained during her tenure as state director for Senator John Tester of Montana.
The loan in question is a twelve-year personal loan with a principal somewhere between $50,000 to $100,000 and carried an interest rate of six percent. The interest rate given is considered highly favorable for a personal loan given the lack of collateral and the market rate is estimated to have been eleven percent at the time she took out the loan. This would mean that Ms. Stone-Manning had avoided somewhere between $20,000 and $40,000 in extra interest payment as a result of the unusually favorable terms