Posted on 09/28/2011 11:45:49 AM PDT by Nachum
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.
Team Obama is spending $737 million to create 45 permanent jobs. The Hill reported, via Free Republic:
The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project.
The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.
The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.
(Excerpt) Read more at thegatewaypundit.com ...
Sniff, sniff........ yep... smells like Clinton to me.
http://articles.sfgate.com/2001-05-02/business/17597775_1_fund-family-forward-funds-mutual-funds
Big name behind scenes at Forward Funds / Mutual funds group doesn’t publicize owner Gordon Getty
Gordon Getty has a secret family of mutual funds.
The billionaire composer/investor is the man behind Forward Funds, a small group of mutual funds based in San Francisco. ...
http://www.pcgam.com/leadership/board/Ronald_Pelosi.html
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. He is an accomplished Financial Industry Regulatory Authority (FINRA) mediator, and has served in a number of positions as a public official.
Mr. Pelosi is the President of Trenholm Associates, a consulting firm offering specialized services to companies in the financial industry. His investment firm experience includes: Senior Advisor, ReFlow Management; President, Forward Funds, diversified mutual fund group; ...
(snip)
It depends on whether their palms are being greased too.
No shame. No concept that maybe they need to rethink (arrogance). No worry about how it will look to give money to a politically connected company. By next year he might lose to Jimmy Carter in a primary.
And where is boehner Mcconnell, Ryan, Cantor et al screaming over this?
“Crony Socialism”
That’s redundant.
Yep. They’re redistributing our wealth as fast as they can. They ARE a brazen bunch of thieves, I’ll give ‘em that. Absolutely no shame.
The dims are busy raiding the treasury with all of their green job money.I want investigations as soon as we retake all 3 houses and I want that Piglosi woman in handcuffs.
“Yep. They’re redistributing our wealth as fast as they can. They ARE a brazen bunch of thieves, I’ll give ‘em that. Absolutely no shame.”
Truly, shameful...makes you want to go Hoffa style baseball bat to the knees on somebody.
Well at least this technology is proven. I’m surprised the environuts are not screaming over the transmission line that will be required to move the power out.
Not in this household, or in our company. My husband has been in manufacturing for most of his life, either working for others or working for our own company. He has NEVER heard the work "backlog" used that way.
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