Loan Given to Nancy Pelosi's Brother-In-Law
Weekly Standard - 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. - Keep reading...
Blog author's comments - When are we going to rise up against our corrupt government, at what point is enough? How is it that these criminals keep getting away with this? Does anyone wonder why our government is so deeply in debt and why Obama wants and needs more tax dollars?
This is the most corrupt regime to ever enter the White House, it is pure and simple Chicago Politics. It’s clear now that they’re going to steal as much as possible until they leave. Apparently they’re not even trying to hide it anymore.
Typically - Washington is well versed in suppressing stories likes this. What’s sad is that the GOP is too timid to attempt to prosecute them.
Obama has to be defeated and anyone within his regime who can be ousted has got to go. The election of 2012 cannot come soon enough.
My wife (Chinese) has been using this scandal to show that news in the USA is censored, just like in China. I argue that it is "suppressed" or "downplayed" but I really don't know anymore. I remember H.Clinton leading the video game censorship charge and before that Gore's wife with music censorship that Bob Denver valiantly and surprisingly fought against. The conversion from "liberal" to "progressive" is an increasingly disgusting one indeed.
ReplyDeleteAnon - The MSM is in the tank for the Dems and always will be.
ReplyDeleteAs a result they do their best to "downplay" any news which they judge to be harmful to the current administration.
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