What was it again that I said in a post earlier today? Oh yeah, here we go:

But wait! It gets better. There is even more corruption in this latest billion dollar boondoggle that leads to the top-tier of government.

Let’s set this up, okay? Okay! Here we go, via The Hill:

The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project.

The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.

The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.

Crescent Dunes is the latest solar project to receive a loan guarantee from the Energy Department in recent weeks. The department announced a $1.2 billion loan guarantee to Abengoa Solar for a solar generation project in California and a $150 million loan guarantee to 1366 Technologies for a Massachusetts solar manufacturing project earlier this month.

You just read that Tonopah Solar is a subsidiary of SolarReserve. So, in order for this project to get off the ground, the government secretly subsidized them, probably because no free market bank or loan company would back this boondoggle.

So as long as Tonopah gets off the ground and the power companies are mandated to purchase their energy, Tonopah and it’s parent company make a lot of money. What a racket! This would make the mafia proud! So anyway, guess who the number two guy is at the parent company, SolarReserve, who stands to make a great deal of money? Why that would be Ron Pelosi, brother-in-law of House Minority Leader Nancy Pelosi. Move along now, nothing to see here.