Scandal: Because Of Nancy Pelosi, Taxpayers Just Gave $1 Billion To This Liberal Donor

Photo credit: YWCA USA (Flickr)

Nancy Pelosi steered more than a billion dollars toward a project that benefited the hedge fund of environmentalist billionaire Tom Steyer.

Steyer’s hedge fund, Farallon Capital Management, purchased 2 million square feet of commercial real estate in San Franciso’s Mission Bay neighborhood back in 2004 in a $343 million deal.

Pelosi has steered more than a billion dollars to a light rail project that greatly benefited the neighborhood–and in turn benefited Mr. Steyer.

As the San Francisco Business Times noted last year: “From a decrepit and seemingly abandoned old rail yard 15 years ago, Mission Bay has sprouted into San Francisco’s fastest-growing neighborhood.”

Billionaire Steyer has used his fortune to greatly help Democrats, pledging to spend $50 million of his money in 2014 and raise $50 million as well.

How has Farallon Capital Management been spending its lobbying dollars? Since October 2011, Farallon has lobbied on nothing but Mission Bay. It has paid $300,000 to lobby Congress and the Department of Transportation on Mission Bay.

Has Nancy Pelosi committed a grave crime by pushing for so much money to be spent on Mission Bay light rail (and by doing so helping her ultra rich political ally?)

Photo credit: YWCA USA (Flickr)

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

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Comments

  1. THE LOW LIFE WORTHLESS WITCH SHOULD BE IN JAIL ALONE WITH HER HUSBAND & THE REST OF CONGRESS FOR THE WAY THEY ARE STELING FROM THIS COUNTRY.

  2. Taking a Billion of taxpayer's money to give to some Fat Cat for him to turn around and give some of it back to these crooks and calling it donation, when in fact it is taxpayer's money, this has to be illegal.

    This Crook bitch Nancy Pelsoi the Dingbat needs to be investigated for Stealing and committing Fraud, throw her azz in prison, she is another Crook like Harry Reid. As long as these crooks and thugs are in the white house running the Country, we are so screwed and they are stealing from us and our children and future generations.

    • Edwardkoziol says:

      Isn't this what that botox bitch is always accussing the republicans of doing.I guess if your a democra it's alright to do.I wonder how many illegals she is taking in so they can work for a buck and a half in her tuna canaries.She should be in maximum security with Dingy Obutthole and Holder.Linda did you see Col.Allen West called Obutthole an islamist finally some other then the few of us on this site who see him for what he is.It should have been Obutthole instead of Robin Williams

  3. Edwardkoziol says:

    When will people learn in calif. that this botoxed witch is hurting the country.Wake up you Californians.

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