Crony Capitalism: The White House and Carlyle Group Edition

Alan Prest at the PEU Report emails

The White House helped put Carlyle with Sunoco on the Philadelphia Refinery. Lots of public subsidy, direct and indirect:

http://peureport.blogspot.com/2012/07/carlyles-peu-refinery.html

http://peureport.blogspot.com/2012/07/carlyles-government-nondebt-nonequity.html 

Carlyle is happy to lever everybody's money on the deal (with an interesting backstory)

 http://peureport.blogspot.com/2012/07/carlyle-group-jp-morgan-energy-ventures.html