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Lehman’s tenure at Goldman Sachs, which coincided with the 2008 subprime mortgage crisis, had been the subject of much debate.
David Lehman, a managing director at Goldman, will serve both as the state’s new commissioner of the Department of Economic and Community Development and as the governor’s senior economic adviser.
Goldman Sachs will provide the venture with a financing line of credit facility.
The attorney general is funding state land banks with money from settlements with large banks implicated in the housing crisis.
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