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Pelosi’s Brother-In-Law’s Company Received $737,000,000 From Obama’s Energy Department As “Loan ..
thebeltwayreport ^ | 2/9/2019 | liberating elder

Posted on 05/12/2019 9:08:47 PM PDT by bitt

OPINION | IN ORDER TO UNDERSTAND THE FUTURE WE CERTAINLY MUST UNDERSTAND THE PAST. THIS IS TRUE AT LEAST WHEN IT COMES TO WHAT WE CAN EXPECT FROM CORRUPT POLITICIANS.

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 ...


TOPICS: Crime/Corruption; Extended News; Government; Politics/Elections; US: California
KEYWORDS: botox; california; corruption; crescentdunes; energy; fraud; globalwarminghoax; greennewdeal; nancypelosi; nevada; obama; pelosi; pelosibio; pelosicorrupt; pelosifamily; reallyoldnews; ronaldpelosi; ronpelosi; sanfrancisco; sanfrannan; solyndra; tonopah
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To: Black Agnes

Some tax returns we legit need to see.


41 posted on 05/13/2019 3:04:53 AM PDT by jazminerose (Adorable DeplorablCNN)
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To: bitt

btt


42 posted on 05/13/2019 3:49:03 AM PDT by KSCITYBOY (The media is corrupt)
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To: gaijin

And they have the nerve to say Trump got in office to enrich himself....truly mental illness.


43 posted on 05/13/2019 4:04:43 AM PDT by jughandle (Big words anger me, keep talking.)
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To: mabarker1

nobody can rob like a RAT


44 posted on 05/13/2019 4:05:30 AM PDT by Chode ( WeÂ’re America, Bitch!)
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To: bitt

>> $737 million loan guarantee<<

Is there evidence that they defaulted on the loan?

Last time I checked, when you borrow money, you end up paying more back.

That said, if someone were to hand me half a billion at low interest, I could easily beat the “vig” in the market and pocket the difference.

I realize Solyndra was a ripoff, but Tonopah seems to still be in operation.


45 posted on 05/13/2019 4:15:53 AM PDT by Malsua
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To: Chode
True DAT RAT !!!
46 posted on 05/13/2019 4:18:10 AM PDT by mabarker1 (Congress- the opposite of PROGRESS!!!)
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To: Cobra64

Wonder whatever became of the Pelosi-Murtha-Gorbachev Hunter’s Ridge property deal thingy...


47 posted on 05/13/2019 4:58:57 AM PDT by polymuser (Hi It is terrible to contemplate how few politicians are hanged today. - Chesterton)
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To: vpintheak

And just how to you propose to get this new law passed?

There are many necessary changes needed for the People to control congress, term limits being foremost, but they are NEVER going to happen because The Swamp protects its own! We are standing by and watching the demise of our Republic by these creatures. Sad.


48 posted on 05/13/2019 5:14:54 AM PDT by Shane (When Injustice Becomes Law, RESISTANCE Becomes DUTY.----T.Jefferson)
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To: spokeshave
" .needs LNG to keep it going."

How so?

49 posted on 05/13/2019 5:23:38 AM PDT by OKSooner ("...cry havoc, and let slip the dogs of war..." - Marcus Antonius, Julius Caesar, Act III, Scene I)
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To: All
SOURCE: September 2011 Daily Mail:
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.

SILLY QUESTION: did Pelosi's BIL ever payback the (cough) "loan"?

cont

50 posted on 05/13/2019 6:52:36 AM PDT by Liz ( Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: All
cont

YOU AINT SEEN NUTTIN' YET:

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 price tag for the Wall Street bailout is popularly put at $787 billion—---the actual size of TARP--the Troubled Assets Relief Program. But TARP 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

cont

51 posted on 05/13/2019 6:55:04 AM PDT by Liz ( Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: bitt

Great thread on Dems corruption


52 posted on 05/13/2019 6:55:32 AM PDT by Luigi Vasellini (political class.......TERM LIMITS NOW!!!!!!!!!!)
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To: bitt

cont

HERE’S THE LOWDOWN on OBAMA’S TARP 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


53 posted on 05/13/2019 6:57:46 AM PDT by Liz ( Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: gaijin

Isengard.


54 posted on 05/13/2019 7:01:40 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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To: bitt; Howie66; ZULU; NFHale; Tilted Irish Kilt; DarthVader; Red Badger; ManHunter; MinuteGal; ...

Share viral. Renegade State

https://www.youtube.com/watch?v=9Z-J0I01QP8

Politicians are incestuous. Someone needs to organize an investigation into the money trail for every member of Congress and the Administrative Deep State.


55 posted on 05/13/2019 7:36:44 AM PDT by ExTexasRedhead
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To: ExTexasRedhead

I sometimes wonder just how different our world would be if FLT 93 had not been prevented from crashing into the Capitol building.


56 posted on 05/13/2019 7:50:22 AM PDT by null and void (You can't normalize the type of behavior the left is trying to normalize because it isn't normal.)
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To: jughandle
And they have the nerve to say Trump got in office to enrich himself....truly mental illness.

Have you ever noticed that miscreants will invariably accuse others of the crimes they themselves have committed?

If you pay attention, you'll quickly learn it's often the first clue as to just what the democrats are up to...

57 posted on 05/13/2019 7:53:29 AM PDT by null and void (You can't normalize the type of behavior the left is trying to normalize because it isn't normal.)
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To: bitt

Lots of democrats come to Congress not worth crap and a few short years later they’re multimillionaires. It’s a mystery...


58 posted on 05/13/2019 8:42:45 AM PDT by GOPJ ("Elites reflexively exempt themselves from the ravages of their own policies." - nathanbedford)
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To: bitt
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?

59 posted on 05/13/2019 8:50:08 AM PDT by Liz ( Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: bitt

When tax money disappears into thin air Democrats call it “cost overruns”.


60 posted on 05/13/2019 8:55:20 AM PDT by rockinqsranch (Dems, Libs, Socialists call 'em what you will they all have fairies livin' in their trees.)
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