SHAMELESS! Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law

This amends the old saying: the two easiest was to get rich are have rich relatives or marry it.

Now, it is have relatives in government who pass legislation to make you rich (or marry them).

Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law | The Weekly Standard

SEP 29, 2011 • BY MARK HEMINGWAY

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:

SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada.

The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California.

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