RUSH: "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." Robert Kennedy Jr. "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." This is an amazing book, Throw 'Em All Out. This is the book that details how members of Congress legally are allowed to trade stocks and securities with insider information. It is one of the ways they all get so wealthy so rapidly. They are legally allowed to use insider information they garner in the daily course of doing their jobs. They're allowed to use that information in investing. Things that they do you and I would be put in jail for, if caught. They have written laws making it legal for themselves.
"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," and he advised the Department of Energy to give himself one, and thus to Robert Kennedy Jr. "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." And so they were bailed out. Obama's Department of Energy bailed out a Kennedy to the tune of $1.4 billion.
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My Schedule of Regular Posts:
*Monday through Friday morning - schedules of President, VP and Secretary of State and her diplomats
*Monday through Friday afternoon - List of topics Limbaugh discussed on his program that day
*Monday through Friday throughout the day - My posts on anything that I feel like talking about. At least one or two a day, sometimes more.
*Saturday through Sunday morning - An addition to my booklist of political books - covering Democrats, Republicans and other interested parties.
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