A loan guarantee creates a contingent liability for the issuing government. In the event of a default, the government is liable for the balance. If we assume a 20% risk of default (perhaps, an optimistic estimate, given the industry involved), then this guarantee was worth $150 million.
Her whole damned family is nothing but a bunch of crooks. Time for a grand jury to look into ALL her crooked dealings, esp. regarding buying up real estate in S.F.
BKMRK
OMG!!!
The coincidences never stop.
btt
>> $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.
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
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”.
Which one of those Kalifornicatia female congresscritters husband got a oontract to sell many millions of unused real estate from/for the Gubmint ??
Anyone care to guess how many congress critters, both Dem/Gop, didn’t know this went down?
Great info on Pelosis bro in law getting $737 mill
For what it's worth, that statement isn't true.
The loan guarantee from the government was provided to Solar Reserve, which was the entity that set up and ran the plant.
There was a private equity fund that also invented in Solar Reserve, and Pelosi was a board member on a subsidiary of the PE firm, but he, the PE firm and Solar Reserve all say he had nothing to do with the loan guarantee.
Even if he had, I can tell you from personal experience that private equity firms that invest in failed enterprises don't make money.
return to the thread one year later!!
Someone needs to tweet this to Trump just in case he doesn’t know, he needs to tweet this out to his millions of followers AND HE WILL!!!