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  • Rep. Perlmutter part owns 'green' bank he helped

    07/15/2009 9:06:22 AM PDT · by La Lydia · 9 replies · 469+ views
    Washington Times ^ | July 15, 2009 | Kara Rowland
    Rep. Ed Perlmutter of Colorado inserted a provision into the recently passed House climate change bill that would drum up business for "green" banks, such as the one he has invested in and his family and a political donor helped found in San Francisco. The bill calls on bank regulators to promote green banking and says federal dollars should be used to support energy-efficient home improvements at government-funded housing projects. Mr. Perlmutter, a two-term Democrat, has two investments in the 3-year-old New Resource Bank, which calls itself the nation's first green bank...A Perlmutter spokeswoman stressed that the bill provisions benefit...