Pentagon Hires Wall Street Bankers to Deploy $200 Billion

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Wall Street Journal: “The Pentagon has spent the past few months amassing a small army of bankers, consultants and hired specialists. Their stated task: vet contractors’ operations, invest in production lines and more quickly expand the U.S. military arsenal.”“At the military’s Office of Strategic Capital, officials plan to lend more than $200 billion over the coming years. They are targeting companies in more than 30 sectors, from missile production to telecom networks. Lending targets need not directly serve the military as long as their business is considered important to national security.”“Deploying that massive sum is a daunting task for the four-year-old office, which lent no funds before 2025. Pentagon officials say that Wall Street specialists will help open the spigot.”