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Aida Alvarez named to head Small Business Administration
Nation's Business, Feb, 1997
President Clinton has nominated Aida Alvarez, director of the Office of Federal Housing Enterprise Oversight, to head the Small Business Administration, succeeding Philip Lader. The appointment requires Senate confirmation.
As the first head of the housing office, beginning in 1993. Alvarez monitored the activities of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac). Like the SBA, the two organizations administer various lending programs.
A former New York City newspaper and TV reporter, Alvarez was an investment banker for First Boston Corp. and Bear Stearns. She worked in Vice President Al Gore's 1988 presidential bid and President Clinton's 1992 campaign.
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