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 ...
Some tax returns we legit need to see.
btt
And they have the nerve to say Trump got in office to enrich himself....truly mental illness.
nobody can rob like a RAT
>> $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.
Wonder whatever became of the Pelosi-Murtha-Gorbachev Hunter’s Ridge property deal thingy...
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.
How so?
SILLY QUESTION: did Pelosi's BIL ever payback the (cough) "loan"?
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
Great thread on Dems corruption
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
Isengard.
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.
I sometimes wonder just how different our world would be if FLT 93 had not been prevented from crashing into the Capitol building.
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...
Lots of democrats come to Congress not worth crap and a few short years later they’re multimillionaires. It’s a mystery...
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?
When tax money disappears into thin air Democrats call it “cost overruns”.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.