The Black Book of Tom Steyer

Allegations of fraud plague hedge fund of Democratic super-donor
Tom Steyer believes in American democracy… for now (AP)

The former hedge fund of one of the Democratic Party’s most important donors was allegedly involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court.

Farallon Capital Partners L.P., a fund run by Farallon Capital Management, the multibillion-dollar hedge fund founded by Democratic donor Tom Steyer, became a limited partner in a project to build a large shopping mall near Seattle, Wash., in the mid-1990s after it guaranteed a line of credit for the project.

The Power of Steyer

U.S. extends Keystone XL comment period, delaying final decision
Construction of the TransCanada Keystone XL Pipeline in Texas / AP

(Reuters) – The Obama administration said on Friday it would extend the period of time for federal agencies to weigh in on the Keystone XL oil pipeline, giving no new deadline.

The move, which likely delays a final decision beyond November mid-term elections, angered Republican and some Democrat lawmakers who have urged President Barack Obama to make the final decision on TransCanada’s project after more than five years of government reviews.

Gas Attack

Column: How Democratic donors benefit financially from climate policy
Tom Steyer, George Soros, John Podesta / AP

Some lies just won’t go away. In February the Washington Post published an article with the following headline: “Why There’s No Democratic Version of the Koch Brothers’ Organization.” It was the umpteenth attempt to explain, in a particularly simplistic manner, how the millionaires and billionaires who donate money to the Democratic Party are nothing, absolutely nothing, like those meanie cancer research philanthropists Charles and David Koch.