Hunter Biden-linked company received $130M in special federal loans while Joe Biden was VP

Washington Examiner ^ | November 21, 2019 | Alana Goodman

[golux]

BUMP!

[Diogenesis]

This heralds that Biden ARRANGED this “welfare for the rich”.

Why should he, and the other Congresscritters,
not benefit? /s

How else will they become billionaires while “serving (themselves”?

[lilypad]

https://en.interfax.com.ua/news/press-conference/625876.html

[ThePatriotsFlag]

My tax dollars went to paying Hunter Biden for a no-show job? I pay ALL my taxes every year...but I’ll be darned if I’m going to pay for his wealth! This whole thing needs a FIX...one way or another...and NOW, not next year!

[dforest]

It is disgusting. It is more disgusting that these people get away with it. Shame us poorer folks would end up in the pokey for enriching his own self in this manner.

[ptsal]

fun connecting dots....

DuckDuckGo “Mitt Romney, bank, Cayman Islands”

Well, waddayaknow!!

[Diogenesis]

WOW! No wonder BishopSenator RomneyCARE had the money
to pay for voter fraud, and to dally
as Carlos Delecti.

[ptsal]

No wonder the legislators have NO INTEREST in solving the Student Loan mess.

They are using it to enslave, ensnarl, and impoverish a generation of individuals by sucking them into the bondage of Student Loan.

Disgusting and sick.

[CincyRichieRich]

I don’t think Lindsey Graham made any money off of Ukraine but knowing that he has skeletons in his closet about making money probably with McCain off of Syria and other Muslim terrorists I doubt he will push very hard at all. That to me is a limitation of how far Graham will go to hell President Trump. I would bet that Graham and McCain made money off of Benghazi also.

[ml/nj]

We all have connections to businesses in the Cayman Islands, don’t we?

(And Ukraine too!)

ML/NJ

[Erik Latranyi]

The legislators write the rules to ensure an average citizen cannot benefit....only those connected to the ones who wrote the legislation can benefit because they are given a guide to navigate the madness so that nothing is “illegal”.

[Dixie Yooper]

Did Hunter Biden’s well connected company/companies ever make TALF loan payments back to the government? Or were these like guarantied loans like Solondra got?

[Liz]

Federal records say 177 well-connected (read politically-connected) firms participated in TALF.
For investors, there was little risk w/ rewards guaranteed. The Federal Reserve (read taxpayers) funded as much as 90% of the investments.
If bonds were profitable, the borrowers benefited. If not, the department took over the depreciated assets with no repercussions for borrowers.

Then-Sen Joe Biden was a key advocate for the financial bailout, which was expanded under Obama.
Biden even delayed his Senate resignation in Jan 2009 to cast his final vote to increase funding for the Program before taking office as vice president.
Biden said about the banks and hedge funds aided by the government intervention. "Had we not bailed out the largest bank institutions in the world, there would have been a flat-out depression.”

============================================

CIRCA 2009 EXCERPT---FOURTEEN TRILLION DOLLARS Behind The Real Size of the Obama Bailout;
A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street
SOURCE motherjones.com --- Mon Dec. 21, 2009 12:23 PM PST

The $787 billion TARP--the Troubled Assets Relief Program---is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets. (To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site).

A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].

Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].

TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.

Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."

GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion

---SNIP---LONG READ---go to web site to read more and checkout the shocking financial charts.

SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout

[Liz]

Pelosi’s Brother-In-Law’s Company Received $737,000,000 From Obama’s Energy Department As “Loan .. thebeltwayreport ^ | 2/9/2019 | liberating elder FR Posted on 5/13/2019, 12:08:47 AM by bitt

To envision the size of the pot of gold that Democrats envision for themselves at the other end of the Green New Deal rainbow we only have to look back to the Obama administration, the $3 Trillion in “stimulus” money, the Green Movement, and how it seemingly enriched Democrats, their donors, and Nancy Pelosi in particular. For background we cite a September 2011 article from the Daily Mail:

Even as government financed “green energy” pioneer Solyndra was failing, the Obama administration approved an additional $1 Billion in loans to similar green energy projects. A whopping 737 million of that money went to the Crescent Dunes project situated in Tonopah, Nevada, to finance a 110-megawatt desert solar power plant. Stay with me.

Nancy Pelosi’s brother-in-law’ company was a primary beneficiary of that money landing a $737 million loan guarantee from the Department of Energy for Crescent Dunes. Funny that as Democrats scream that Saudi’s renting out an entire floor of a Trump hotel is an untenable emolument. But I digress. Despite knowledge that Solyndra was tanking then-Minority Leader Pelosi’s brother-in-law, second in command at the energy investment firm backing the project, somehow secured government funding for the SolarReserve project. PCG Clean Energy & Technology Fund (East) LLC, listed as one of the investors in the project was given the staggering loan, which even dwarfs that given to failed company Solyndra. (Excerpt) Read more at thebeltwayreport.com ...

=======================================

REALITY CHECK Let's see the list of contracors PCG Clean Energy & Technology Fund signed off on to facilitate the SolarReserve project.

SOURCE: September 2011 Daily Mail: Pelosi’s brother-in-law, second in command at PCG Clean Energy & Technology Fund (East) LLC, listed as one of the
investors in the SolarReserve project was given the $737M staggering loan, which dwarfs the tax dollars Obama
gave to failed company Solyndra (just one of the front companies laudering tax dollars). The BIL's company is
a (cough) energy investment firm backing the project, that secured mega tax dollars.

BLOOMBERG Company Overview:
PCG Clean Energy and Technology Fund Founded in 2007 specializes in investments and co-investments.
The fund seeks to invest in global clean energy and technology sector.

PCG Clean Energy and Technology Fund
10 East 53rd Street---17th Floor
New York, NY 10022

WHERE IS THE LIST OF INVESTORS?
Even as taxpayer/government financed “green energy” pioneer Solyndra was failing, the Obama admin approved an additional $1 Billion in loans to similar green energy projects.

A whopping $737 million of the billion went to the Crescent Dunes project in Tonopah, Nevada, to finance a 110-megawatt desert solar power plant. Nancy Pelosi’s brother-in-law’ company was a primary beneficiary of that money landing a $737 million loan guarantee from the Department of Energy for Crescent Dunes. Despite knowledge that Solyndra was tanking then-Minority Leader Pelosi’s brother-in-law, second in command at the energy investment firm backing the project, somehow secured government funding for the SolarReserve project. PCG Clean Energy & Technology Fund (East) LLC, listed as one of the investors in the project was given the staggering (cough) "loan," which even dwarfs that given to failed company Solyndra.

Did Pelosi's BIL ever payback the (cough) "loan"?

[Liz]

HERE’S THE LOWDOWN on OBAMA’S giveaways and how Democrats made a bundle:

LEGEND:Dem Group/Member...Bank....Amt of Donation....Tarp Funds received
DCCC Bank of America $5,000.00 $15,000,000,000.00
DCCC Capital One $25,000.00 $3,555,199,000.00
DCCC Citigroup $22,500.00 $25,000,000,000.00
DCCC Comerica Inc PAC $1,000.00 $2,250,000,000.00
DCCC Goldman Sachs $30,000.00 $10,000,000,000.00
DCCC JP Morgan $30,000.00 $25,000,000,000.00
DCCC Morgan Stanley $15,000.00 $10,000,000,000.00
DCCC PNC $2,500.00 $7,579,200,000.00
DCCC Wells Fargo $30,000.00 $25,000,000,000.00
Nancy Pelosi Bank of America $5,000.00 $15,000,000,000.00
Nancy Pelosi Citigroup $10,000.00 $25,000,000,000.00
Nancy Pelosi Goldman Sachs $20,000.00 $10,000,000,000.00
Nancy Pelosi JP Morgan $22,500.00 $25,000,000,000.00
Nancy Pelosi Morgan Stanley $10,000.00 $10,000,000,000.00
Nancy Pelosi Wells Fargo $10,000.00 $25,000,000,000.00
Steny Hoyer Bank of America $17,500.00 $15,000,000,000.00
Steny Hoyer Capital One $7,500.00 $3,555,199,000.00
Steny Hoyer Citigroup $10,000.00 $25,000,000,000.00
Steny Hoyer First Horizon $250.00 $866,540,000.00
Steny Hoyer Goldman Sachs $10,000.00 $10,000,000,000.00
Steny Hoyer JP Morgan $20,000.00 $25,000,000,000.00
Steny Hoyer KeyCorp $2,000.00 $2,500,000,000.00
Steny Hoyer Merril Lynch $5,000.00 $10,000,000,000.00
Steny Hoyer Morgan Stanley $13,500.00 $10,000,000,000.00
Steny Hoyer SunTrust $500.00 $4,850,000,000.00
Steny Hoyer Wells Fargo $10,000.00 $25,000,000,000.00

[Liz]

FAST-FORWARD TO TODAY-----A stunning statement from former Fed monetary Vice Chair William Dudley: “Officials won’t bail out an administration that keeps making bad choices on trade policy, making it abundantly clear that Trump will own the consequences of his actions. Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020, ” Dudley said.

MEMO TO DUDLEY: As to the Fed’s independence and its ability to achieve its employment and inflation objectives……..
where were you when then-Pres Obama placed his COS Rahm Emanuel in the US Treasury with no accountability.

"Mr President, you are now in complete control of the US Treasury."

==========================================

THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move. When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09

More here: http://online.wsj.com/article/SB124113406528875137.html

[I want the USA back]

Yes, but you know the media/democrat complex will bury this story.

[Old Yeller]

And now we find out that Pelosi’s kids and Cary’s kids have enriched themselves off their parents connections.