Robert Kennedy, Jr.’s ‘Green’ Company Scored $1.4 Billion Taxpayer Bailout

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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.

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.

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.

Even before BrightSource rattled its tin cup in front of Obama’s DOE, the company made it known publicly that its survival hinged on successfully completing the Ivanpah Solar Electrical System, which would become the largest solar plant in the world, on federal lands in California.

In its Securities and Exchange Commission filings, BrightSource further underscored the risky nature of the Ivanpah venture and, more broadly, the company’s viability:

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The Robert F. Kennedy clan is Skakel, the Skakels are Great Lakes Chemical, Great Lakes Chemical is chlorine, and chlorine is drinking water. Every glass of drinking water contains a smidgen of skakal chlorine. The Skakel Family bond trust is ever replenishing and one of the most powerful in the world.

Are you implying a Kennedy is something short of pure, altruistic and honest? Naaaaaaaaaaaaaaaaaaaaa

Run for Congress and become a thief, make millions and tell the taxpayer you need to raise taxes because there just isn’t enough money. The congressmen and their friends keep stealing the money we make as if we were some Communist country. Throw Them All Out before we go broke! They are all thieves!

Robert Kennedy Jr. would come to Alberta to rake in the multimillion speaker fees, from the green drivel he spewed at the chic and ever so learned. When the crowds started to thin because of the hypocrisy of the green message, he started to pick on politicians and that back fired. No more Kennedy and no more green message.

80% of ‘Green Energy’ Loans Went to Top Obama Donors

http://www.docstoc.com/docs/103459442/Obama-Bundlers_-Large-Donors_-and-Supporters-fixed-pdf

This week it is starting to look like DOE head Chu is gong to be Obama’s fall guy.
But no sign his head is rolling …. yet.

Say it isn’t so!! A corrupt Kennedy??