Republicans doubt Biden’s Bureau of Land Administration has opted for a personal loan from a developer


Republican senators will question President Joe Biden. candidate for the post of head of the Bureau of Land Management on a personal loan she took from a real estate developer in Montana.

Tracy Stone-Manning met property developer Stuart Goldberg around 2000, when he was a supporter of the nonprofit conservation organization she leads, according to information she recently provided to a Senate committee. They became friends, dined at each other’s homes, went camping and went to concerts together. She later went to his wedding.

There was also some kind of business here. While Stone-Manning was the executive director of the Clark Fork Coalition, she performed what she called a “possibly unprecedented” act. support of a development project Goldberg’s company put forward, according to Missulian

In 2008, their friendship added a new dimension when Stone-Manning took out a personal loan of $ 60,000 from Goldberg.… At the time she borrowed money, Stone-Manning was a federal employee, serving as regional director for Senator John Tester (Democrat).

Stone-Manning worked in Tester’s office for another five years before Montana Governor Steve Bullock (D) appointed her head of government. Environmental Quality Department in 2013. After two years in this position, she left to become Bullock’s chief of staff, before moving to the private sector in 2017.

There is no evidence that she did anything wrong to secure the loan or that she was using her official duties to benefit her lender. Stone-Manning said she was not even aware of Goldberg’s interests with the government. In 2020, after paying monthly interest only for 12 years on a personal loan, Stone-Manning paid off the principal.

During her confirmation hearing in June, Senator Roger Marshall (Republican of Canada) asked about the optics of the Stone-Manning scheme. “Like many families in 2008, we were hit by a recession, and a friend loaned us some money so we could get through it,” Stone-Manning said. “We came to an agreement and fulfilled the loan.”

Senator John Barrasso (R-Wy.) Later requested documents related to the loan, but Stone-Manning refused to provide them. “Agreements were made verbally and payments were made electronically,” she replied in a written response, without explaining why it would prevent her from sharing the notes.

Stone-Manning, Goldberg and a Home Office spokesman did not respond to Forbes inquiries.

Senate Energy Committee Stone-Manning vote scheduled for Thursday

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