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$737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law


TheGrunt
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Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law

 

Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve:

 

SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada.

 

The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California.

 

On SolarReserve's website is a list of "investment partners," including the "PCG Clean Energy & Technology Fund (East) LLC." As blogger American Glob quickly discovered, PCG's number two is none other than "Ronald Pelosi, a San Francisco political insider and financial industry polymath who happens to be the brother-in-law of Nancy Pelosi, the Minority Leader of the United States House of Representatives."

:wacko: Isn't this the definition of insanity?

 

The end of the article drives home an interesting fact: "It's increasingly hard to tell the government's green jobs subsidies apart from the Democrats' friends and family rewards program."

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Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law

 

 

:wacko: Isn't this the definition of insanity?

 

The end of the article drives home an interesting fact: "It's increasingly hard to tell the government's green jobs subsidies apart from the Democrats' friends and family rewards program."

you are new to the political seen in the united states aren't you?

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Contrary to the title of this thread, no loan was made to Pelosi's brother in law. The loan was to SolarReserve LLC. Pelosi's BIL merely works for another company that's an investor. If you think that's wrong, so be it. But don't lie about the facts to make them sound more outrageous than they are.

Edited by yo mama
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