Company that Owns Zuccotti Park Received Green Loan Guarantee from Obama Admin


It’s been a bit of a puzzle as to why the owners of Zuccotti Park that the Occupy Wall Street gang has taken over have allowed them to stay. They’re angering residents and pretty much stinking up the place. The owners have mentioned that the park is normally cleaned every night, but they have not been able to clean it in three weeks. Sanitation was “becoming an issue” a few days ago. Lord knows what it’s like now, I hear it’s pretty bad.

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Could the fact that the parent company of Brookfield Properties received a “green energy” loan guarantee from the Obama administration for a New Hampshire wind farm have anything to do with it?

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In the name of “green energy,” the Obama administration is using taxpayer money to subsidize a New Hampshire wind farm that is a subsidiary of a hugely profitable company.

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New Hampshire’s largest wind farm, the Granite Reliable Power project under construction in Coos County, is jointly owned by BAIF Granite Holdings, LLC and Freshnet Wind Energy, LLC. BAIF owns 75 percent of Granite Reliable. BAIF Granite Holdings was created earlier this year by Brookfield Renewable Power, which is a subsidiary of Brookfield Asset Management of New York.

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That company, which runs clean energy operations around the world, has deep pockets. It reported net income of $454 million in 2009 and $3.2 billion in 2010. Brookfield Renewable Power financed the creation of BAIF Granite Holdings from its Brookfield Americas Infrastructure fund, which was reported in February to have $2.7 billion in assets. With that kind of backing, it is curious that the U.S. Department of Energy announced it would guarantee up to 80 percent of a $168.9 million loan for the Granite Reliable wind farm project last week. (Read More)

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Isn’t it curious that such a  prosperous company would need loan guarantees from a bankrupt government? I guess not, when you realize that Joe Biden’s son is a partner in the lobbying firm Brookfield employed.

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There’s much more to the story. Mayor Michael Bloomberg said it would be up to the property owners to evict the filth from the park. His girlfriend is on the company’s board of directors, so perhaps he could have a word with her. And that’s not all.

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Something stinks, and it isn’t just the unwashed protesters.

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Via Jammie Wearing Fool.

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Update: Linked by Moonbattery – thanks!

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