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.
Read more: Fox News
This morning, Breitbart editor Peter Schweizer appeared on MSNBC’s Morning Joe to discuss his new book, Throw Them All Out, which has shaken Washington to its core in the past few days.
With Energy Secretary Steven Chu set to testify Thursday before the House Energy and Commerce Committee about the government’s $573 million loan to failed solar panel maker Solyndra, an explosive new list of energy loan amounts to President Obama’s top fundraisers, bundlers, and supporters has been released by Breitbart editor Peter Schweizer, author of Throw Them All Out.
As the list reveals, 80 percent of all $20.5 billion in Department of Energy loans went to President Obama’s top donors. Furthermore, some of those dwarf in size those given to Obama bundler George Kaiser, owner of the now defunct Solyndra.
The list—which features the likes of Google owners Larry Page and Sergey Brinn, Robert F. Kennedy Jr., Ted Turner, John Doerr, and Al Gore—raises new questions about the procedures used to administer the now-controversial DOE loans.
Obama Bundlers, Large Donors, and Supporters
(as of September 15, 2011)
Name
Company
Amount (in millions)
Pat Stryker and Russ Kanjorski
Abound Solar
$400
Vinod Khosla
AltaRock
$25
John Doerr and Steve Westly
Amyris Biotechnologies
$24
Michael Polsky
Beech Ridge Energy Wind Farm
$68
Dan Reicher (Google) Larry Page (Google) Robert F. Kennedy Jr. Sanjay Wagle Sergei Brinn (Google)
BrightSource
$1,400
Vinod Khosla
Coskata
$250
Jim Rogers
Duke Energy
$200
Ted Turner and Paul Tudor Jones
First Solar
$4,700
D.E. Shaw David Canning Larry Summers
First Wind
$115
Al Gore and John Doerr
Fisker Automotive
$529
Nancy DeParle
Granite Reliable
$135
BP and Rio Tinto
Hydrogen Energy California LLC
$2,500
David Shaw
Kahuku Wind/First Wind
$117
Vinod Khosla
Nordic Windpower
$16
Jim Rogers
Notress Windpower/Duke Energy
$90.4
Governor Angus King
Record Hill Wind
$102
Dan Reicher (Google) Elon Musk Larry Page (Google) Sergei Brinn (Google)
Solar City
$275
Michael Froman
Solar Reserve
$737
Seth Waugh
Solar Trust of America
$2,100
George Kaiser
Solyndra
$573
Jerry Fiddler John Luongo
Solzyme Inc.
$21.7 Roger Strauch
Eric Redman and Laura Miller
Summit Texas Clean Energy, LLC
$1,500
Dan Reicher (Google) Elon Musk Larry Page (Google) Nicholas Pritzker Sergei Brinn (Google) Steve Westly
Tesla Motors
$465
Michael Polsky
Vantage Wind Energy, LLC
$60
Jonathan Seelig and Paul Batcheller
ZeaChem
$25
Total: $16,428.1
Schweizer’s list stands in sharp contrast to President Obama’s promise that the allocation of all federal “stimulus” monies would be nonpartisan and fair: “Let me repeat that: Decisions about how Recovery money will be spent will be based on the merits. They will not be made as a way of doing favors for lobbyists,” Obama said in 2009.
But as Schweizer’s charges in his book, Throw Them All Out, [link] the Obama Administration may be guilty of “the greatest—and most expensive—example of crony capitalism in American history.”...Big Government
More on the battle over insider trading...
The battle over insider trading in Congress has set up a confrontation between bipartisan reformers on the one hand, and defenders of the insider-trading status quo on the other.
In the course of the interview, Schweizer responded to Rep. Spencer Bachus (R-GA), chair of the House Committee on Financial Services, who is fighting calls for his resignation.
As it has become clear that the insider trading scandal is not going away, Rep. Bachus has abandoned his early reticence in favor of a more aggressive defense.
Schweizer, who was joined on the show by Steve Kroft of CBS, reiterated his case against insider trading in Congress...Video and more at Big Government
Kerry also implicated in insider trading
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