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Crony capitalism

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Crony capitalism

Crony capitalism

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Crony capitalism refers to an economic system where business success is influenced more by close relationships with government officials than by market competition or innovation. It typically involves favoritism in the form of subsidies, regulatory loopholes, preferential contracts, or bailouts. Instead of rewarding merit or efficiency, crony capitalism distorts free markets and concentrates power among politically connected insiders—undermining both capitalism and democracy.

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Savina Lazar

Loan Administrator, BS finance

Experience

Savina earned a Bachelor’s of Science degree in finance at the University of Utah School of Business, and currently manages both residential and industrial investment property in multiple states.

Sarah Azevedo

Senior Loan Administrator

Experience

Sarah received an AA degree from West Hills CCD, has held a number of managerial positions, and has been in the mortgage industry for over a decade. Sarah has extensive experience in private money loan lending and loan administration, is a successful real estate investor, and has experience in design, construction, and property management.

John Buwalda, Partner

Broker/MLO

Experience

John has worked in the banking, finance, and mortgage industry for over 30 years, and is licensed as a mortgage broker and real estate agent. John’s extensive knowledge and experience in financing and credit have enabled him to find creative private lending strategies for his clients for over three decades.

Mark Lazar, Managing Partner

MBA, CERTIFIED FINANCIAL PLANNER™

Experience

Mark has a BS in finance from the University of Utah, MBA from the University of Colorado, and was an adjunct professor of finance at the University of Utah for eighteen years. Mark recently retired after 25 years as senior vice president of a wealth advisory firm in Salt Lake City.

Mark is a published author (Pathway to Prosperity), has worked in finance for over 25 years, and has been a successful real estate investor for over four decades. He is passionate about financial literacy and helping others become financially successful.

Email: mark@wasatchfinance.com