Skip to comments.Obama gave RFK Jr. $1.4 Billion bailout for solar company.
Posted on 11/16/2011 9:22:41 AM PST by GlockThe Vote
President John F. Kennedys nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource, through a loan guarantee issued by a former employee-turned Department of Energy official.
Its just one more in a string of eye-opening revelations by investigative journalist and Breitbart editor Peter Schweizer in his explosive new book, Throw Them All Out.
The details of how BrightSource managed to land its ten-figure taxpayer bailout have yet to emerge fully. However, one clue might be found in the person of Sanjay Wagle.
Wagle was one of the principals in Kennedys firm who raised money for Barack Obamas 2008 presidential campaign. When Obama won the White House, Wagle was installed at the Department of Energy (DOE), advising on energy grants.
From an objective vantage point, investing taxpayer monies in BrightSource was a risky proposition at the time. In 2010, BrightSource, whose largest shareholder is Kennedys VantagePoint Partners, was up to its eyes in $1.8 billion of debt obligations and had lost $71.6 million on its paltry $13.5 million of revenue.
Even before BrightSource rattled its tin cup in front of Obamas DOE, the company made it known publicly that its survival hinged on successfully completing the Ivanpah Solar Electrical System, which would become the largest solar plant in the world, on federal lands in California.
(Excerpt) Read more at biggovernment.com ...
RFK, Jr. is dumber than a box of hair.
He can’t count either.
However, he CAN pay his salary with my tax money.
It’s not corruption when Saints do it.
If we had a Congress, impeachment would have been underway a long time ago.
Oh yes, if you have not noticed by now, the entire “GREEN SUPPORT EFFORT” is nothing more than a money laundering scheme for Obama re-election and paybacks from stolen money from the taxpayers.
But most have already figured it out.....(/s)
This is surprising? This IS surprising. Croney capitalism ? Democrat Rape of the taxpayer.
"Here's your Hope & Change!" - a list some of the cronyism
There are no words left for my hatred of this communist thug.
I have said several times before, if they ever get around to following the money from the stimulus bill, etc., they will find a massive funding of Democrat’s campaign coffers and a concentration of funds going to Democrat donors. It was all a huge scam from the get-go. But what would you expect from a bill written by Democrats, for Democrats, and signed into law by a Democrat?
Follow the money, and never let it happen again by exercising my tagline at the first opportunity.
Thick as thieves. Remember the Chicago Climate Exchange?
The U.S. government is nothing but a cash cow for our congress critters.
The Kennedy’s have had a lot of financial woes, they have struggled making their payments. I probably think that Whose Sane guy knows about their need. Why not! Soak ‘em all, and pay off your friends. Avoid the Reap what you Sow concept.
Yep. Just as we suspected. One, big slush fund.
I am worn out with this stuff. Face it, it is criminal and nobody does a damn thing about it.
Yes, that’s the final answer.
all of these people belong in jail.
Green = Democratic money laundering scheme
Unions = Democratic money laundering scheme
Why do we have a budget deficit?