All American

Nancy Pelosi, Tom Steyer’s Hedge Fund, and a Billion Taxpayer Dollars
Top House Dem exempted light rail project benefitting mega-donor from cost-effectiveness regulations, then secured federal subsidies


Tom Steyer and his wife Kat Taylor with Paul and Nancy Pelosi at the Golden Gate Bridge 75th Anniversary celebration / Drew Altizer Photography See More
Lachlan Markay - AUGUST 12, 2014 11:00 AM
A top House Democrat to whom billionaire liberal Tom Steyer has donated campaign funds steered more than a billion dollars to an infrastructure project that benefitted his hedge fund.

That hedge fund, Farallon Capital Management, bought up large plots of real estate in San Francisco’s burgeoning Mission Bay neighborhood in 2004. The area is now booming and Farallon has sold most of its property there.

Steyer, who founded and led Farallon until late 2012, has used his fortune to elect Democratic senators and governors. He has pledged to spend $50 million of his own money in 2014 and to raise another $50 million.


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Among the beneficiaries of his political largesse is House Minority Leader Nancy Pelosi (D., Calif.). ""We want to support Nancy as much as we can," Steyer said in an interview last year.

Pelosi, who did not respond to requests for comment, has also supported Steyer, though with less fanfare.

Over the past decade, she has steered federal subsidies to a light rail project designed to stimulate commercial and residential growth in Mission Bay. Experts say the project swelled real estate values in the area.

At least Time set the precedent

Sgt Matthew Abbate. KIA 12-2-2010.
You're not forgotten brother

(Newsradio 1020 KDKA) - State police are praising the generosity of a 93-year-old toy maker.

Pennsylvania State Police Troop B, out of Washington, Fayette, Allegheny and Greene Counties, picked up 300 toys from Ed Higinbotham in Georges Township, Fayette County.

The wooden trucks will be given to kids in the area for Christmas.


TroopB
@PSPTroopBPIO See More
93 year old toy maker at it again!! Just picked up 300 hundred wooden trucks from Ed Higinbotham to be distributed to local kids this Christmas.
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Higinbotham has been making toys since he retired in the early 90s and has given hundreds of toys to “Gifts for Kids of Fayette County” for years.

Gifts For Kids is operated by the PA State Police.

Last year Higinbotham told the Herald Standard in Uniontown, “I love it. I don’t play Santa Claus, but I give the toys to them, and they can distribute them.’’