Crony Capitalism – It’s Alive-It’s Alive

With the Solyndra still freshly in our rear view mirror, the Department of Energy has kept the American Dream alive by awarding $1 BILLION DOLLARS to what else, GREEN ENERGY COMPANIES.  Let me repeat this just in case you did not understand.

The Department of Energy gave $1 Billion of our tax dollars to Green Energy Companies.  Now here comes the biggest coincidence. including a $737 million loan guarantee to a company known as SolarReserve: The La Jolla, California-based gatekeeper has embraced yet another leadership structure following its purge by CalPERS. The latest line-up includes FINRA mediation expert and San  Francisco political  insider Ron Pelosi.

  

 It’s an unusual biography for a person listed second in the “Leadership” section of a private equity advisory firm’s website: “[A]ccomplished Financial Industry Regulatory Authority (FINRA) mediator. . .  has served in a number of positions as a public official.”

But perhaps the unusual circumstances of Pacific Corporate Group call for the unusual skills of Ronald Pelosi, a San Francisco political insider and financial in Minority Leader of the United States House of Representatives.dustry polymath who is the brother-in-law of Nancy Pelosi, La Jolla offices of PCG:

La Jolla, California-based PCG is a veteran of the private equity gatekeeping industry and has been led since 1979 by Christopher Bower, a former public accountant who successfully gave the institutional investment market what it wanted – more and more private equity advice. PCG’s marquee client was the California Public Employees’ Retirement System, until recently. Late last year the nation’s largest pension decided to fire PCG as part of a house-cleaning exercise. The gatekeeper had been too close to disgraced placement agent Al Villalobos for CalPERS’ liking.

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 guess who? “Ronald Pelosi,”  Yes Nancy’s brother in law.  I really guess we are to believe that this loan was just coincidental right. Maybe so, I have no way of really knowing, but it “shore” don’t smell good from where I am sitting.

Well guess what,  there is one more bit of information that might be of so interest to someone.   solar Reserve’s other investment partners is Argonaut Private Equity:  Steve Mitchell and Argonaut Private Equity may have an opportunity to recover some of their money in the Solyndra debacle  now that the Department of Energy has just handed out a $737 million dollar loan, which is guarantee to a company backed by Argonaut who also adds Steve Mitchell as a “board participant.” Now ain’t that just sweet as honey.  What a way to do do business. It is just amazing to me how corrupt people can get,  excuse me, allegedly corrupt people.

Values + Morals in Congress = 0

As I sit here daily, listening to our Nations elected representatives, all I hear is bickering, name calling, hate and discontent. I thought we sent our representatives to Washington to work for us, not to fight amongst themselves, but to work for the people, for the best interest of the Country. What I have seen on both sides of the aisle is corruption to no end. Their morals left at home, their disregard for our constitution running a muck. I see so much waste of our tax money. Tax money spent for up grading of office space all the way upgrading of airplanes, so many silly perks that they believe are due to them because they were elected to represent us.  They are being paid astronomical salaries and expense accounts that are padded to the tune of thousands of dollars. To find out who wants to serve our country, the pay should be no more than $65,000 per congressional representative, plus a reasonable and an accountable expense account. You get a salary increase dependent on your service and performance.  which would be more in line of what an  American worker might makes. I am sick and tired of the incompetence and arrogance in Washington and for all of the self serving people who say they are working on our behalf, they are not in my opinion.  I don't pay for represenatives to pose and post themselves on Craig's list trying to find a girlfriend.  A married United States Representative, and another representative who is a tax cheat, all the way up to a  President of the United States who could not keep his zipper up, in the oval office. We are supposed to be the greatest Nation on earth,  which we are, we are just lead by a bunch of idiots and self serving individuals who have lost their way and have lost their morals and only care about themselves and much money they can stuff into their pockets. . Over the years, so many have been arrested for various crimes, DWI and other assorted crimes that the general public does not hear about.  Thank God we have a few that are good men and women, or the United States would get nothing accomplished.

We are lead now by a President who globe trots around the world apologizing  for his Nation and bowing before lesser nations. Everyone involved in running our Country on both sides of the aisle should be ashamed of themselves. Maybe we should starting electing the common everyday businessman with no political ties, someone who has morals and loves his Country; I believe,  that person or persons,  black, white brown or green would turn out to represent the Red, White and Blue restore our honor better than what I see today. 

I love my Country, as I know you do, so I ask each of you that reads this post and agrees, do something about it and let's put into office a person that best represents our Nation's  core values,  someone who truly cares, not a self serving person with no morals, we have enough those already.

I will see you at the crossroads, God Bless and God Bless America.

"Shady"