Yes, this is Nancy Pelosi, age 71, at a recent state dinner. You know that I am no fan, but . . . . .
The headline gives us another example of the extreme crony crookedness that is going on with the Democrat majority. Understand that well over 2/3 of the '09 Stimulus money went to Democrat controlled congressional districts. Solyndra was owned by a big time Obama bundler. And now this, 3/4 of a billion going to a single entity.
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."
But wait... there's more! One of SolarReserve's other investment partners . . . . . . end of quote.There is much more. Click on our hyperlink near the top of this post.
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