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Title: Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law
Source:
[None]
URL Source: http://www.weeklystandard.com/blogs ... elosis-brother-law_594593.html
Published: Sep 29, 2011
Author: MARK HEMINGWAY
Post Date: 2011-09-29 14:26:55 by Capitalist Eric
Keywords: None
Views: 7480
Comments: 18
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: Steve Mitchell and Argonaut Private Equity might have a chance to recoup some of their losses in the Solyndra debacle now that the Department of Energy has given a $737 million dollar loan guarantee to a company backed by Argonaut that also lists Mitchell among its board of directors. Mitchell served on the Solyndra LLC Board of Directors. He also serves as Managing Director for Argonaut Private Equity, a company that invested in Solyndra through the LLCs parent company. After Solyndra declared bankruptcy, two Democratic members of the U.S. House asked that Mitchell testify about Solyndra. Though he has not appeared before Congress, he has "been asked to provide documents to Congress" pertaining to Solyndra. And for good measure, it's also noteworthy that Obama is about to hold a big money fundraiser at the home of Tom Carnahan in St. Louis: Carnahan, a member of the prominent Missouri Democratic family, has been tapped by the Obama campaign as its chief Missouri fundraiser. He is chairman of the board of Wind Capital Group, a wind energy company that makes it corporate headquarters in St. Louis. He formerly was president and CEO of the company. Last year, Wind Capital's Lost Creek Farm facility in northwest Missouri received a $107 million tax credit from the Treasury Department, among many such wind operations receiving support from from stimulus funds. Tom Carnahan is the son of former Missouri governor Mel Carnahan and former U.S. senator Jean Carnahan. He's also the brother of current Missouri secretary of state, Robin Carnahan. 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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#1. To: Capitalist Eric (#0)
(Edited)
If the article is correct then the headline is a lie...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
PCG is a Private Equity Fund aka VC fund that invests in clean and renewable energy.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Yeah, keep putting out BS to try and distract everyone from the fact that everything you believe is a lie, everyone you support is corrupt... Let me know how well that works for you... LOL.
DUMMY DwarF: ...I'm eating a meatball... http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=24347&Disp=35#C35 How unlike you to promote a lie, Junior. The company that is receiving the loan...show me where Pelosi's brother in law is on their organization chart. Thanks...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Are you questioning that well known blogger, American Glob? It's not like he's anonymous or anything. Still, it wouldn't surprise me if the gist of this is true. After all, that's what politicians do - all politicians, in both parties.
Then Calpers and Citibank got the same loan. They're "investment partners" too. The reporting is patently false.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Capitalist Eric lives in a world of lies. I no longer scorn him. I do something worse. I pity him.
"This is what economic policy in the West has become--a tool of the wealthy used to enrich themselves by spreading poverty among the rest of the population." Paul Craig Roberts
I heard about this earlier today. This is exactly what the left wants -- complete politicization of the economy, where politicians can reward their buddies and punish everyone else. It's the Obama program in a nutshell.
And THAT is the real point. The "R vs. D" routine is about as real as pro-wrestling.
DUMMY DwarF: ...I'm eating a meatball... http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=24347&Disp=35#C35 You do realize that Pelosi's brother in law has his own risk capital invested in this company?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
This is exactly what the left wants -- complete politicization the economy, where politicians can reward their buddies and punish everyone else. It's the Obama program in a nutshell. You must have not heard of Enron.
Keep spinning, dummy... It won't do any good. Your party, your leadership, your ideology is all corrupt... Now headline news on Drudge! :)
DUMMY DwarF: ...I'm eating a meatball... http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=24347&Disp=35#C35 Thanks... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Spin, baby, SPIN........ DUMMY DwarF: ...I'm eating a meatball... http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=24347&Disp=35#C35 Talk about your one trick pony, Pegler is it. Sometimes I think he has to be a put on, like McCain Rocks.
Sadly,this is one of the areas where you and I are in agreement. I will never understand why the majority of the people on the left can't seem to understand they are getting hosed as badly by the government as those of us on the right.
"It is impossible to talk reason with those who can only parrot Party Slogans." sneakypete Nov 2011
Thanks... America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Peggie uses the same fact checker Boofer does...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#2. To: Capitalist Eric (#0)
On SolarReserve's website is a list of "investment partners," including the "PCG Clean Energy & Technology Fund (East) LLC."
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#3. To: war (#2)
Capitalist Eric: Foreplay before the president's staff? 
#4. To: Capitalist Eric (#3)
(Edited)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#5. To: war (#4)
(Edited)
The company that is receiving the loan...show me where Pelosi's brother in law is on their organization chart.
#6. To: Skip Intro (#5)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#7. To: war, Skip Intro, Capitalist Eric (#6)
#8. To: Capitalist Eric (#0)
(Edited)
Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law
That government is best which governs not at all -- Henry David Thoreau
#9. To: Skip Intro (#5)
After all, that's what politicians do - all politicians, in both parties.
Capitalist Eric: Foreplay before the president's staff?
#10. To: jwpegler (#8)
This is exactly what the left wants -- complete politicization the economy, where politicians can reward their buddies and punish everyone else.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#11. To: jwpegler (#8)
I heard about this earlier today.
#12. To: war (#10)
Capitalist Eric: Foreplay before the president's staff?
#13. To: Capitalist Eric (#12)
The company that is receiving the loan...show me where Pelosi's brother in law is on their organization chart.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#14. To: war (#13)
Capitalist Eric: Foreplay before the president's staff?
#15. To: war (#10)
This is exactly what the left wants -BLAH BLAH BLAH BLAH BLAH
#16. To: Skip Intro (#5)
Still, it wouldn't surprise me if the gist of this is true. After all, that's what politicians do - all politicians, in both parties.
#17. To: Capitalist Eric (#14)
The company that is receiving the loan...show me where Pelosi's brother in law is on their organization chart.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#18. To: Skip Intro (#15)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
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