Bride of “Why government costs so much”

Associated Press:

...The Energy Department has approved two loan guarantees worth more than $1billion for solar energy projects in Nevada and Arizona..., under the same program that paid for a $535 million loan to Solyndra Inc., a now-bankrupt solar panel maker...

What could possibly go wrong?


UPDATE (110929 14:40):  Well, possibly this?

Of that $1 billion in guarantees, $737 million went to "Tonopah Solar,” a subsidiary of a California-based company named SolarReserve.  Which has an "investment partner” called PCG.  Whose number-two man just happens to be Nancy Pelosi’s brother-in-law.

Nothing like keeping it all in the family.

(Update rewritten from this report by Jim Hoft, via American Glob via the invaluable AOS sidebar.)

Posted by: Old Grouch in In Passing at 22:51:45 GMT | No Comments | Add Comment
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