Pelosi’s Klan Gets $737 Million DOE Loan

Discussion in 'Politics' started by PoliticalChic, Sep 28, 2011.

  1. PoliticalChic
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    PoliticalChic Diamond Member

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    1. Our DOE and Obama throws another billion in the fire. This time it’s to a Solar Company where Pelosi’s brother-in-law is number 2 at PCG … How Did Nancy Pelosi’s Brother-in-Law Become No. 2 at PCG?
    Pelosi’s Klan Gets $737 Million DOE Loan « Tarpon's Swamp



    2. The latest line-up includes FINRA mediation expert and San Francisco political insider Ron Pelosi.

    It’s an unusual biography for a person listed second in the “Leadership” section of a private equity advisory firm’s website: “[A]ccomplished Financial Industry Regulatory Authority (FINRA) mediator. . . has served in a number of positions as a public official.”

    But perhaps the unusual circumstances of Pacific Corporate Group call for the unusual skills of 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.

    Pelosi’s bio reads in part: “Mr. Pelosi brings to PCG Asset Management a distinguished career in business and public service. He has an extensive background in the securities industry, mutual funds, and private equity.” Among his other political accomplishments, Pelosi was a long-time president of the San Francisco board of supervisors. In addition to his congressional connection, he also is San Francisco Mayor Gavin Newsom’s uncle.

    It is unclear what Pelosi’s ties are to Bower, or what his exact role will be at the firm. His only other listed PCG affiliation is as a member of the board of trustees of a 1998 fund of funds controlled by the firm.
    How Did Nancy Pelosi

    3. It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG.http://www.thegatewaypundit.com/


    4. The White House Blog
    Change has come to WhiteHouse.gov
    Posted by Macon Phillips on January 20, 2009 at 12:01 PM EDT
    Change has come to WhiteHouse.gov | The White House


    Well, in a way it is tranparent.......
    merged
     
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  2. Charles_Main
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    Charles_Main AR15 Owner

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    They are not even trying to hide it. It's like a fire sale, No shame at all. Were going to take your money and use it to Reward our Families, Donors, and buy votes.

    And there is nothing you can do about it.
     
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    Last edited: Sep 28, 2011
  3. iamwhatiseem
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    iamwhatiseem Gold Member

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    Amazing how that happened....ya think?
     
  5. The T
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    The T George S. Patton Party Supporting Member

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    Bear in mind that these are the same good tyme, dope smoking plastic bananna FM Hippie freaks from the 1960's up there now that were railing against the system back then and have found out that they can plunder the same system.
     
  6. Trajan
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    Trajan conscientia mille testes

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    reading this makes it appear to me they are going for broke. talk about ballsy, the same firms from the Solyndra debacle too? :lol:

    Alas...in every age when the light of the cause begins begins to wane, they fill their pockets and head for the door, approving anything and taking anything they can in that last gasp, what difference can it make when Armageddon beckons?


    11:00 AM, Sep 29, 2011 • By MARK HEMINGWAY

    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.

    snip-


    and...thats not all!! Order right now and, a presidential fly in !!!!!



    continued;

    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.

    more at
    Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law | The Weekly Standard
     
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  7. Uncensored2008
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    Uncensored2008 Libertarian Radical Supporting Member

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    Obama 2012 - stealing your money with both hands and giving it to his cronies!
     
  8. Baruch Menachem
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    Maybe the guy approving the loans is a Republican double?
     
  9. DiamondDave
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    Color me shocked... not
     
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    Did he do anything illegal?
     

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