Second Order Mission Creep: U.S. Military Gets into Investment Banking To Advance Green Energy

Last week, the Wall Street Journal reported that the U.S. military is exploring how to bundle renewable energy contracts into securities (à la subprime mortgages), in order to better leverage taxpayer dollars to pay for more green energy.

Is anyone else discomfited by this second order mission creep? The military is supposed to be fighting wars. Now, it’s getting into complex, risky investment banking. So that it can generate more green energy.

Surely General Patton is rolling in his grave.