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Hillary’s Energy Policies Enrich Wall Street Cronies

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In endorsing Hillary Clinton as the Democrat’s choice for President, Sen. Bernie Sanders decried “greed, recklessness, and illegal behavior” and declared that we couldn’t let “billionaires buy elections.”

Perhaps his opposition research team discovered what we have about Clinton’s connections with the very entities he despises: Wall Street—which he’s accused of “gambling trillions in risky financial instruments;” and “huge financial institutions” that he says: “simply have too much economic and political power over this country.”

Wall Street and its “huge financial institutions” are Clinton allies—supporting both her campaign and donating big bucks to the Clinton Foundation.

In the batch of Democrat National Committee (DNC) emails WikiLeaks made public on July 23, DNC Research Associate Jeremy Berns tells his colleagues: “She [Clinton] doesn’t want the people knowing about her relationships on Wall Street.” He adds: “She wants to achieve consistency and the best way to do that is to keep the people ignorant.”

For the past four years, I’ve collaborated with citizen activist/researcher Christine Lakatos (she’s been at it for six years) on what we’ve called: President Obama’s green-energy crony-corruption scandal. In her blog, the Green Corruption Files, she posts her exhaustive research. I, then, use her research to draft an overview that is appropriate for the casual reader.

More recently, our efforts have morphed to include the Democrats’ presidential nominee, as Lakatos found the same people are her “wealthy cronies,” too.

In Lakatos’ July 19 Green Corruption File, she states: “While there are numerous ways you can ‘buy access to the Clintons,’ I’m only going to connect the dots to the Green Gangsters, which we’ve already established are rich political pals of President Obama, as well as other high-ranking Democrats and their allies, who were awarded hundreds of billions of ‘green’ taxpayer cash.”

I’ve chosen to highlight the Clinton’s Wall Street connections that have benefited from the green deals that were cut in the Obama White House and that will continue on if Clinton wins.

Lakatos points out: “Clinton’s ‘ambitious renewable energy plans’ move far beyond Obama’s green mission that has been rife with crony capitalism, corporate welfare, and corruption.” Along with more climate rules, she “wants an open tab for green energy.” Remember the DNC’s official platform includes: “the goal of producing 100 percent of electricity from renewable sources by 2050” and “a call for the Justice Department to investigate fossil fuel companies for misleading the public on climate change.”

Three Wall Street names of my limited-word-count focus are Goldman Sachs, Citigroup, and Bank of America. Each is a top-contributing Clinton campaign supporter and a Clinton Foundation donor. They have benefited from the hundreds of billions in taxpayers dollars given out for green energy projects through the Obama Administration. All three have expectations that Clinton will continue the green programs put in place by the Obama administration.

Goldman Sachs: Donated between $1 million to $5 million and the Goldman Sachs Philanthropy Fund has contributed between $250,000 to $500,000 to the Clinton Foundation.

As Lakatos pointed out in previous reports, Goldman Sachs is connected, via various roles, to at least 14 companies and/or projects that won green taxpayer cash––a tab that exceeded $8.5 billion. One specific example: Goldman is credited as the “exclusive financial adviser” for the now bankrupt Solyndra ($570.4 million loss).

Citigroup/Citi Foundation: Donated between $1 million to $5 million to the Clinton Foundation.

This big bank is connected to approximately $16 billion of taxpayer money. Lakatos, in 2013, reported that Citi was actively involved in securing the 1703/1705 DOE loans; was a direct investor; and/or served as an underwriter for the initial public offering of at least 16 of Citi’s clients that received some form of government subsidies.

Bank of America/Bank of America Foundation: Donated between $500,000 to $1 million to the Clinton Foundation.

Bank of America, among other green efforts, participated in Project Amp—a four-year, $2.6 billion project to place solar panels on rooftops in 28 states. At the time, the Wall Street Journal reported: “Bank of America Merrill Lynch unit will provide $1.4 billion in loans for the project,” of which “the financing is part of Bank of America’s plan to put $20 billion of capital to work in renewable energy, conservation and other clean technologies that address climate change.”

It’s important to remember that climate change—which is the foundation of the green agenda—is part of the Clinton Foundation’s mission statement: “In communities across the globe, our programs are proving that we can confront the debilitating effects of climate change in a way that makes sense for governments, businesses, and economies.”

In addition to Clinton’s obvious Wall Street connections, one of the many startling realizations that can be gleaned from the report on Hillary’s Horrendous Hypocrisy, is the fact that these companies that received millions in taxpayer dollars, took our money and gave it to the Clinton Foundation and to the Clinton Campaign.

In short, we, the taxpayers, are subsidizing the well-connected millionaires and billionaires—and Hillary Clinton at the center of all of it. Meanwhile, she admonishes the average American to combat climate change by driving less and reducing our personal use of electricity.

Bernie Sanders was right to be alarmed. Huge financial institutions do have too much political power. Wall Street billionaires are trying to buy Clinton the White House. In return, she’ll be sure their green energy investments pay off by demanding that America go green.

The author of Energy Freedom, Marita Noon serves as the executive director for Energy Makes America Great Inc., and the companion educational organization, the Citizens’ Alliance for Responsible Energy (CARE). She hosts a weekly radio program: America’s Voice for Energy—which expands on the content of her weekly column. Follow her @EnergyRabbit.

 

 


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