Crony capitalism. Hate to say it, but it's what the Nazis did...
Wednesday, February 15, 2012
Venture capitalists play key role in Obama’s Energy Department - The Washington Post
Venture capitalists play key role in Obama’s Energy Department - The Washington Post: "During the next three years, the department provided $2.4 billion in public funding to clean-energy companies in which Wagle’s 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."
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