Federal funds flow to clean-energy firms with Obama administration ties
Sanjay Wagle was a venture capitalist and Barack Obama fundraiser in 2008, rallyingsupport through a group he headed known as Clean Tech for Obama. Shortly after Obamas election, he left his California firm to join the Energy Department, just as the administration embarked on a massive program to stimulate the economy with federal investments in clean-technology firms. ... During the next three years, the department provided $2.4 billion in public funding to clean-energy companies in which Wagles former firm, Vantage Point Venture Partners, had invested, a Washington Post analysis found. Overall, the Post found that $3.9 billion in federal grants and financing flowed to 21 companies backed by firms with connections to five Obama administration staffers and advisers. ... White House officials stress that staffers and advisers with venture capital ties did not make funding decisions related to these companies. But e-mails released in a congressional probe of Obamas clean-tech program show that staff and advisers with links to venture firms informally advocated for some of those companies. Plenty of good stuff in the article. From what I pick up, this scam has a lot of potential to make heads roll. Article: http://www.washingtonpost.com/politics/venture-capitalists-play-key-role-in-obamas-energy-department/2011/12/30/gIQA05raER_story.html Nice chart showing the connections: http://s3.amazonaws.com/data.tumblr.com/tumblr_lzg463F98k1r5hmxwo1_1280.jpg?AWSAccessKeyId=AKIAJ6IHWSU3BX3X7X3Q&Expires=1329925625&Signature=mX12AZ23FXYdEZs7vtuTmSWkvIU%3D Hope and Change. Yep. Hoping for more of your money. Changed DC to make it even more corrupt. J - Fascism and Communism are merely variants of the same totalitarianism which central control of economic activity tends to produce. - F. A. Hayek The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson. - FD ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:347199 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
