Huge 'Green Jobs' Loan given to Pelosi brother-in-law's company
Apparently, the only kind of "green" that really matters to the Obama administration is the folding kind.
Mark Hemingway at the Weekly Standard blog:
Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve:
On SolarReserve's website is a list of "investment partners," including the "PCG Clean Energy & Technology Fund (East) LLC." As blogger American Glob quickly discovered, PCG's number two is none other than "Ronald Pelosi, a San Francisco political insider and financial industry polymath who happens to be the brother-in-law of Nancy Pelosi, the Minority Leader of the United States House of Representatives."
Also, an investment firm headed up by Steve Mitchell who was heavily invested in Solyndra is also on the SolarReserve board.
And Obama's Treasury Department gave Missouri's Tom Carnahan's wind power company $107 million tax credit last year. This year, Carnahan is holding a fundraiser at his house for Obama.
Unrelated coincidences? Or crony capitalism run amok?