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."
But wait... there's more! One of SolarReserve's other investment partners is Argonaut Private Equity:
Thursday, September 29, 2011
$737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law
Via III Percent Patriots
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"...It's increasingly hard to tell the government's green jobs subsidies apart from the Democrats' friends and family rewards program."
ReplyDeleteThat's because THE LATTER IS ALL THE FORMER REALLY IS!!
"Green Jobs Program", "Stimulus Program", "Pick a Program" -- they're ALL just quid-pro-quo, using YOUR MONEY AND MINE to pay off their friends - and ensure a nice percentage gets passed through back to those who made sure the vig got payed to begin with...
F***ing thieves.
They're not even PRETENDING any more!
Tell me again what banana-republic this is we're living in??!!
banana-republic it is.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteMEanwhile, the sheep are all brainwashed that it's the RETARDLICANS who are "in bed" with the crony-capitalists and it's the DEMMUNISTS who are "looking out for the little guy"....
ReplyDeleteSure -- with money stolen from folks like me at the point of a .gov GUN! -- they give you just enough beans & tripe to keep you on the plantation while they're dining on filet mignon & champagne with Massa up at the BIG house!
Idiots!
while they're dining on filet mignon & champagne with Massa up at the BIG house!
ReplyDeleteGood one.