Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-LawBy MARK HEMINGWAY
Sep. 30, 2011
Chris Rock: 'I Want to Live in a World Where An Equal Amount of White Kids Are Shot Every Month - I Want to See White Mothers On TV Crying'
Tucker: Psychiatric Drugs, Social Alienation, Broken Families, War On Men More Relevant Than Gun Control
Swamp Drains Itself: Top GOP Donor Al Hoffman Jr. Says He Won't 'Write Another Check' Without Gun Ban
Florida School Shooter IDed as 19-Yr-Old Nikolas Cruz
Student: There 'Had To Be Two Shooters' Because I Talked With Suspect Shortly After Shots Were Fired
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.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...