Allen Alley

The Oregon Investment Council (OIC) approved investing $600 million of PERS money in Lone Star, a venture investment firm, at the end of January. This money is part of $10 billion Lone Star is seeking to buy up distressed mortgage lenders and faltering commercial properties. Is taking a bet on foreclosure vultures really a good deal? What do the candidates for Oregon Treasurer have to say about Lone Star’s scofflaw reactions when the foreclosed properties become public nuisances?