Thursday, October 26, 2023

Clarence's RV Angel

News reports indicate Clarence Thomas' was gifted ownership of a $267,000 recreational vehicle.  Anthony Welkins provided an "interest only" loan to Thomas which was forgiven in 2008.

Thomas' benefactor went on to serve on The Carlyle Group's Board of Directors.  Carlyle is a politically connected private equity underwriter (PEU).  Welters is Executive Chairman of BlackIvy Group, another PEU.  

Carlyle located in Washington, D.C. to pull the political levers of influence and tap Uncle Sam's wallet.  I assume BlackIvy Group had a similar motivation.

Politicians Red and Blue love PEU and increasingly, more are one.  PEUs provide significant fuel for the insider money funnel.  Supreme Court Justice Clarence Thomas is but one beneficiary.