John Podesta in Charge of Distributing $370bn of Domestic Clean Energy Provider

No comments at this point. President Biden named John Podesta, who led the Obama White House on climate strategy, to oversee $370 billion in clean energy funds under a landmark new climate law. Mr. Podesta is the founder of the Center for American Progress, a left-leaning think tank, and was chairman of Hillary Clinton’s 2016 presidential campaign. 

OBAMA’S DEPARTMENT OF ENERGY GIVES $737 MILLION IN TAXPAYER DOLLARS TO SOLAR COMPANY: “Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies — including a $737 million loan guarantee to a company known as SolarReserve…” (Mark Hemingway, “Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi’s Brother-in-Law,” The Weekly Standard, 9/29/2011)

OTHER INVESTORS INCLUDE ARGONAUT PRIVATE EQUITY, WHICH ALSO INVESTED IN… YOU GUESSED IT: SOLYNDRA: “Steve Mitchell and Argonaut Private Equity might have a chance to recoup some of their losses in the Solyndra debacle now that the Department of Energy has given as $737 million loan guarantee to a company backed by Argonaut that also lists Mitchell as a ‘board participant.'” (Joel Gehrke, “Solyndra Director Tied to $737 million Loan Guarantee,” The Washington Examiner, 9/28/2011) 

“MORE SOLAR COMPANIES LED BY DEMOCRATIC DONORS RECEIVED FEDERAL LOAN GUARANTEES”:  “A Daily Caller investigation has found that in addition to the failed company Solyndra, at least four other solar panel manufacturing companies receiving in excess of $500 million in loan guarantees from the Obama administration employ executives or board members who have donated large sums of money to Democratic campaigns.

THE REVOLVING GREEN DOOR: “OBAMA FUNDRAISERS TIED TO GREEN FIRMS THAT GOT FEDERAL CASH”: “Several of Barack Obama’s top campaign supporters went from soliciting political contributions to working from within the Energy Department as it showered billions in taxpayer-backed stimulus money on alternative energy firms, ABC News and iWatch News have learned.

SolarReserve may have enjoyed special access in positioning itself for a loan guarantee, given its extensive connections to the White House. The company’s top lobbyist is Tony Podesta, confidante of Nancy Pelosi and brother of John Podesta—himself head of the Center for American progress and the leader of Obama’s transition team:

PODESTA “A KEY POLITICAL ALLY” FOR OBAMA: “President Barack Obama is nominating John Podesta, a key political ally, to serve on the board that helps set policies and direction for the government’s national service agency, the White House announced Thursday.” (Ann Sanner, “Podesta Among Obama’s Picks for Service Board,” Associated Press, 6/24/2010)

28 Comments
 

So aside from some decade-old non-scandals, what is the problem?  The guy has experience in running federal clean energy initiatives.  Would you prefer it go to a Biden family member, or the head of a major green energy firm?

The fact that you think this is the breaking point for nepotism and federal pay-to-play simony is kind of insane.

 

Here comes AOC's burner account. You are missing the point. His "experience" running clean energy initiatives was a DISASTER the first time around. To make an analogy that will tickle your left wing taint - this is the equivalent of hiring Trump to run the next presidential inauguration. There I said something bad about the orange man - happy?

 
Most Helpful
ASDF77

Here comes AOC's burner account. You are missing the point. His "experience" running clean energy initiatives was a DISASTER the first time around. To make an analogy that will tickle your left wing taint - this is the equivalent of hiring Trump to run the next presidential inauguration. There I said something bad about the orange man - happy?

Excuse me, but you'll have to show how his first time running a clean energy initiative was a "disaster" as you put it.  You don't seem particularly well educated on the subject, which isn't surprising from someone who posted 4 excerpts from completely tangential articles and assumed someone intelligent would take that as "proof" of anything.  You'll note that "John Podesta" doesn't actually appear in any of those excerpts.... because he wasn't at the Department of Energy when the Solyndra loan guarantee was made.  Or at any time, in fact.  He was on Obama's transition team, and then served as Counselor to the President for a year 2014-2015, neither of which line up with any of the absurd mud slinging you're attempting (and failing) to pull off.

And this isn't equivalent to hiring Trump to do anything.  Even if everything you allege is true, which is demonstrably, factually isn't (in other words, you are an idiot or a liar), it still would be far less egregious than, you know... hiring the head of Perdue to run the Agriculture Department, or an avowed enemy of public schools to run the Department of Education, or a Wall Street tycoon to run the Treasury, or a guy whose companies compete with the USPS as Postmaster General, or hiring your kids to... draw a salary at the taxpayer's expense.  Need I go on?  Mr Trump invariably chose candidates with either zero relevant experience, or those who had an opportunity to direct federal resources in such a way that they would personally profit.  And yet, your hackles are all of a sudden raised because a man whose career you know nothing about except that he worked for Mr Obama and Mrs Clinton was appointed to run a federal clean energy initiative?

Yeah, that's some typical conservative projection.  From the party of endemic corruption, which invariably supports the most crooked, stupid possible politicians, I think an accusation of incomptence is a compliment

Now, do you want to admit that you have no idea who John Podesta is, what he does, or what he has done in the past, or are you going to double down with more crappy innuendo and post an article about something else unrelated, maybe Monica Lewinsky, to show how Mr Podesta is

 

Corrupt institutional money & connections man that probably diddles kids gets picked by the corrupt president that takes money from foreign governments and sniffs kids to oversee distribution of government funds for "clean energy". What could possibly go wrong. 

"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

Now we might get clarification on what cheese pizza was actually a code for.

 

Dolore unde consectetur ea vero. Eos quas consequatur veniam deleniti eligendi. Amet quia magni nisi. Consequatur hic eveniet ea esse. Et veniam et ducimus quis praesentium perferendis. Consequatur atque et voluptatem non error voluptates officiis natus.

Alias aut molestias reprehenderit tempore recusandae. Amet blanditiis nihil commodi quisquam earum nam perspiciatis. Alias eos doloremque iusto. Est quisquam aut natus illum.

Ullam non sint enim tempore enim. Porro ut sed praesentium enim consequuntur. Sit eligendi recusandae ut recusandae alias exercitationem. Non asperiores cum qui in a praesentium qui.

Ut debitis perspiciatis voluptatibus occaecati nam optio. Ut veniam vitae ut quasi quia et. Sapiente tempore autem libero atque. Voluptatem debitis ea officia itaque facere libero rerum.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”