Reliance Group Bails Out Obama Allies at Dreamworks

Part of it is likely the fact that Spielberg and Geffen are both close with the Obama administration. The Reliance Group has dealt with the Obama administration in questionable ways. In June 2010, the Export-Import Bank of the United States rejected a loan guarantee to Reliance to buy $600 million worth of equipment due to environmental concerns. When Democrats complained that 1,000 jobs would die if the deal didn’t happen, the Obama administration stepped in – and suddenly, the Bank gave the loan, with the condition that Reliance promised to build an enormous renewable project in India.