Corrupt Government
See other Corrupt Government Articles
Title: Solargate Update: Obama gave Bobby Kennedy Jr. $1.4 bil of our money
Source:
[None]
URL Source: http://biggovernment.com/whall/2011 ... -1-4-billion-taxpayer-bailout/
Published: Nov 17, 2011
Author: Wynton Hall
Post Date: 2011-11-17 07:24:25 by Happy Quanzaa
Keywords: Obama-doma-ding-dong, Solargate, Stimulus Scam, Geengate Bailout, Kennedy
Views: 1356
Comments: 1
President John F. Kennedy’s 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. It’s 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 Kennedy’s firm who raised money for Barack Obama’s 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 Kennedy’s 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 Obama’s 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. In its Securities and Exchange Commission filings, BrightSource further underscored the risky nature of... Click for Full Text!
Robert Kennedy, Jr.’s ‘Green’ Company Scored $1.4 Billion Taxpayer Bailout
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Happy Quanzaa (#0)
LOL! It has a Kennedy in charge and is named "Bright Source"? What kind of sick joke is that? It should have been obvious to anyone it was a scam.
"It is impossible to talk reason with those who can only parrot Party Slogans." sneakypete Sept 2011 Stay Hungry...Stay Foolish --Steve Jobs Steve Jobs,life-long Dim,and major Barry Soetoro supporter.
President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource,
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]