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Another Popular Name Emerges In The Solyndra Scandal
This scandal is rapidly becoming the gift that keeps on giving...
Solyndra Offered $535 Million Loan Guarantee by the U.S. Department of Energy
Fremont, CA, March 20, 2009 – Solyndra, Inc. announced today that it is the first company to receive an offer for a U.S. Department of Energy (DOE) loan guarantee under Title XVII of the Energy Policy Act of 2005. Solyndra, a Fremont, California-based manufacturer of innovative cylindrical photovoltaic systems, will use the proceeds of a $535 million loan from the U.S. Treasury’s Federal Financing Bank to expand its solar panel manufacturing capacity in California.
“The leadership and actions of President Barack Obama, Energy Secretary Steven Chu and the U.S. Congress were instrumental in concluding this offer for a loan guarantee,” said Solyndra CEO and founder, Dr. Chris Gronet. “The DOE Loan Guarantee Program funding will enable Solyndra to achieve the economies of scale needed to deliver solar electricity at prices that are competitive with utility rates. This expansion is really about creating new jobs while meaningfully impacting global warming.”
Designed specifically for commercial, industrial and institutional rooftops, Solyndra’s proprietary photovoltaic (PV) systems generate significantly more solar electricity per rooftop at a lower installed cost than conventional flat panel PV technologies. Further, Solyndra’s PV systems are fast and economical to install due to the simple horizontal mounting and unique air-flow properties of the solar panels. Solyndra’s panels are fully certified for U.S. and international use and have been commercially shipping since July 2008.
The guaranteed loan, expected to provide debt financing for approximately 73% of the project costs, will allow Solyndra to initiate construction of a second solar panel fabrication facility (Fab 2) in California. On completion, Fab 2 is expected to have an annual manufacturing capacity of 500 megawatts per year. Solyndra and DOE will finalize the transaction upon completion of definitive documentation and satisfaction of certain conditions precedent. Over the life of the project, Solyndra estimates that Fab 2 will produce solar panels sufficient to generate up to 15 gigawatts of clean, renewable electricity–enough to avoid 300 million metric tons of carbon dioxide emissions. Further, Solyndra estimates that the construction of this complex will employ approximately 3,000 people, the operation of the facility will create over 1,000 jobs, and hundreds of additional jobs will be created for the installation of Solyndra PV systems, in the U.S.
“DOE, in consultation with independent consultants, performed a thorough investigation and analysis of our project’s financial, technical and legal strengths,” said Dr. Kelly Truman, Solyndra’s Vice President of Marketing, Sales and Business Development. “We are proud to be the first company to pass this comprehensive review, and we would like to acknowledge the exceptional efforts of the staff of the DOE Loan Guarantee Program Office.”
Goldman, Sachs & Co. acted as exclusive financial advisor to Solyndra in connection with this loan guarantee application.
Anywhere you look... Goldman has already been there.
And in tangential news, attached is the just filed engagement letter with which a bankrupt Solyndra will retain Imperial Capital at the cost of $150,000 per month (this is cash that is immediately leaving the estate, thus minimizing recoveries to US taxpayers), a $1 million confirmation fee, a $1 million sale fee (the two are not exclusive), a 1%/3%/5% financing fee (i.e., Imperial arranges follow through financing, although good luck with that), and so on. In other news, should this bankruptcy stretch for more than the usual 1 year period from filing to emergence, US taxpayers will be on the hook for another roughly $3 million, in order to hire a banker whose ultimate value added will be an "orderly" liquidation of the company. What is amusing is that $150k/month was the going rate when bankruptcy firms still had business, and it was a competitive field, unlike now, when even a $10 million debt side assignment gets pitchbooks from Greenhill, Lazard, Rothshild and Blackstone. Perhaps the judge on the case will be so kind to show some fiduciary responsibility when it comes to disbursing taxpayer capital to retain a useless advisor.... even more so that Imperial somehow believes that it should not even be subject to an expense "(including, without limitation, reasonable attorneys’ fees, travel, lodging and meal expenses, messenger services, duplicating services and other customary expenditures)" cap: gotta love using those G-VI jets on the taxpayer's dime.
h/t Jeff
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Looking at Chas I think it/he ate her.
Chaz Bono has always seemed a little...confused...as to what happened in the Chastity suicide case.
Personally, I think Chaz did it and hid the body ;-)
Anthony Wiener, now unemployed, said he would take the case ...if he doesn't have to be fully dressed.
Making fun of this pop culture dogshit is about as banal as the shit itself.
And look at that, they have all of their lights on right now. Every night they are the only building that is fully lit up. Gekko might have said, "money never sleeps" but we really know he meant "evil never sleeps". Goldman is proof of that. Why don't we just have our paychecks deposited directly into their fucking accounts? Would somebody have some god damn decency and shut that fucking fraud factory down?
You'll have to get rid of the Dems and Repub parties first. The bankers own the political landscape.
I just pray for some divine intervention into this Fraud of A Union. Seems that's the only power that will be able to overcome this satanic ponzi.
But first, we should sacrifice Geithner to the great whites off the coast of Australia. I'd pay to see that buffet.
Why don't sharks eat Bankers? Professional courtesy...
Honor among thieves
Great Whites don't eat pieces of shit.
It's hard on their digestive tract
French revolution II, bitches..
and the day that happens they will make threats that shutting them down will totally crash the market. Threats, lies, rumors and inuendos are the only weapons left for these crooks..printers, paper and ink are a given of course
This is like the same crime syndicate family name popping up every time some major theft has occured....actually that is exactly what it is ....
....actually that is exactly what it is........
There ya go. Fixed.
actually saw my error just after posting it and corrected, but thanks for the effort!
Sachs came by my house and took my beer last night.
Goldman came by today and threw the empty bottles in my yard.
Beer thieves get killed in these here parts.
We don't kill'em, we feed them to the gators...if you have a metal detector you might find a wristwatch in a pile of gator shit but that's about all...
Great idea. No gators here. Lot's of trees and barbed wire though.
More like Sachs drank my beer last night, Goldman came by next morning to take the bottles.
The Vampire Squid strikes again. What a surprise! I wonder what their share of the loot was.
all of it.
I'm sure they broke a small piece of cheese off for the ones they need dirt on.
Yea! Plunder while you can Obamanites. You know this is your last chance.
Never again. Look what happened in Zimbabwe and South Africa.
Long live Jon Stewart lol
Some people hate the country that much.....
They are, after all, doing God's work--to which he is omnipresent. How could it be any other way? But Obama looks pretty damn well connected too (number uno contributor to Obama campaign, why Goldman God of course). Could Obama be Jesus?
dupe
The founders are spinning in their graves.
Jesus said, "Be careful that you are not deceived. Many will come using my name. They will say, 'I am he!' and 'The time is near.' Don't follow them!
Luke 21:8
Oscama the second coming? Hardly. They guy is a plastic puppet.
Yup.
http://www.telegraph.co.uk/news/worldnews/barackobama/8107377/Obama-sex-...
Right. Just keep this prophecy in mind. John 5:43 "I have come in my Father’s name, and you do not receive me. If another comes in his own name, you will receive him."
Are you trying to day that we've been fucked? We sure have "received" it.
Right. And, the larger point is that anyone who will rescue us from the coming global anarchy once the system collapses will be seen as 'Messiah', a 'Saviour' to the world. They won't be coming in the name of the Hebrew God, but in their own name. That's the prophecy.
I'm personally not superstitious, but this "system" is coming down HARD.
I'll speak to my dogs and see what they have to say about it; my guess is that they'll agree.
Religion...is the smile on a dog's face -- Edie Brickell
Ah, no....#1 contributer was a "mystery" $200 million from offshore. Soros.
GS with their fingers in the cookie jar...... Oh what a surprise!
And did I get it right ....... that was a government guaranteed loan from the government to the private sector? So nobody was ever responsible to pay it back? Any idea where the cash went? Any of it go to any of those $50k per plate dinners?
I wish this was a joke.
Chump change compared to what Halliburton has stolen over the past ten years.
Nice, spin! Moral equivalency, a time tested method.
the bush administration committed crimes against humanity and they go free, they have stolen 100X more money. Now, only now, they try to prosecute Obama for being a piker? This is politics to get a rethug in the white house.
Seriously? You are saying Dahmer isn't so bad because Gacy was? Or is it Gacy isn't so bad because Dahmer was.
It amazes me people live in this sort of mental space. Might I suggest morals, ethics, and a backbone? Obama is a POS shill, just like W.
Regards,
Cooter
Hey if you stand bush up there on the gallows too I'd be all for it. Everyone here is a tea party faggot who turns a blind eye to everything but lib crimes.
Really? My impression is that the majority here hates both wings of the Wall St party.
yeah, that was uncalled for.
I thought faggots weren't allowed in the TEA Party.
they are as long as they keep it in the closet. lolololol
Naw. it's a good beta test. Now we know how many libtards and tea baggers are trolling.
[Everyone here is a tea party faggot who turns a blind eye to everything but lib crimes.]---buzzsaw99
Everyone?
Disagree. Obama had the chance to rectify certain irregulatities when he got into office and he blew it. And he blew it by campaigning on hope and change and doing nothing when he got to office.
agreud.
http://www.washingtonsblog.com/2011/09/democratic-political-strategist-o...
O'boingo can't do shit. If he gets uppity, his masters will take away his KFC hotline.
IMO he didn't blow it, he never intended to change anything which is apparent when you look at his administration.
Geithner appointed to Secretary of treasury former head of NY FED when all the MBS fraud was going on right under his nose.
Larry Summers appointed to head the Economic Coucil - formerly head of Harvard in which he ok'd investments into MBS where Harvard lost billions.
Ben Bernanke appointed to head FED. - Said housing was just going through a correction and the fundamentals of the economy were strong.
Rahm Emanuel - Former investment banker for Wasserstein Perella hired despite having no banking experience or MBA degree, served on the board of Freddie Mac.
The Obama Administration rejected a request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel's time as a director.[38]
There are many more examples.
Hey, buzz didn't do the junk. On a serious note we ALL need to spread the blame around a bit more. You know the score. As for who gets in the WH, rest assured GS and the rest of the banksters will make sure they get their puppet installed. They always do, I know you know it too.
of course, i'm just stirring the shit. ;)
i figured
CHUMP CHANGE and DOPE HOPE.
you probably think a stained dress constitutes a national emergency. LMAO!
When it denigrates the Office and absolves lying under oath, it is.
et tu mynhair? let's have some fun. :-*
denigrates the office........what a fukin hoot that is.
More death and crimes have come out of that office in the last 30 year than any of these two bit dictators we chase after could dream of.
SHAME THEY DIDN'T TAKE OUT THAT WHOREHOUSE INSTEAD OF THE wtc.
OH, for the love of all humanity, SAY IT AIN'T SO, LLOYD!!! WWGD??
...Goldman Sachs IS USA inc. "All yours money belongs to us" is their motto
"All your money are belong to us"
fixed it. if ur gonna use cultural references, at least get it correct.
"All your money are belong to us"
If you're going to be pedantic at least get it right.
http://xkcd.com/386/
"All your money are belong to us"
There, fixed it for you.
A bit of smoke and mirrors from the REAL big scandal, Fast and Furious. Still if Obama gets a black eyes from Solyndra corruption, fine enough.
Jail would be better.
Oh, for the days of a simple Watergate! Now there was a crime GS couldn't get in on!
Right on the money as usual, SD1. The circus has moved on to the next show. People should be careful to watch off stage.
$5 says the next revelation will be Uncle Warren thought up the idea of the loan in the bathtub while vacationing with Soros.
Uncle Warren got clean, the taxpayer took a bath...
I wonder how much GS extorted from Solyndra in exchange for guaranteed tax payer $?
I wonder how much GS extorted from Solyndra in exchange for guaranteed tax payer $? sex?
The Morgue has got a baby on the board at BrightSource as well...1.6 billion in taxpayer backed loan guarantees. NRG & Google were a little more reserved in their earned capital enthusiasm...few hundred mill each...lol.
There's a convention in Cronyville!!!
http://www.brightsourceenergy.com/about_us/board_of_directors
Does this qualify me for Attack Watch? ;-)
Already reported...
Same goes for you cat. Bad kitty, bad.
Hey JG! Cut me some slack. I reported Maxine Waters first!
'Let my people go!'
No. I reported my own cat. And my three dogs. We're all teeerrrrissst's.
Don't laugh. Look at the color scheme: black (death) + red (blood). This is how death-lists are compiled. 1860--------->2012.
Just heard growling/barking & screams in the woods...dogs came back panting...but they look satisfied.
What could it all mean? ;-)
Those were my dogs. Big m'fers. Two of them outweigh me by 80 pounds or so. Half & half husky/wolf. (have to be careful with them....the lady that had them got hurt, vet sent me to her).
Mine are all American bulldogs, a red & a blue...great with kids, very territorial.
As the saying goes down here...if you cross the fence, your soul may belong to Jesus but your ass belongs to me...lol.
Never had a bulldog. I had a boxer once, he was great with kids too. Played hide and seek with them.
I had a pit bull/rotweiler mix once I've ALWAYS had animals around), he was fun too, but damn was he big.
I go through three bags of Purina lamb and rice a week these days, buy it a truckload at a time.
The entire property is fenced and gated, and I always have to tell people to stay in thier fucking cars until I get the dogs penned.....
Don't know what I would do if someone came in unannounced. Dogs would likely get them....then the police would come....could get ugly. I have posted signs EVERYWHERE. But still. Never had to deal with that thankfully. I'm way the fuck out in the middle of nowhere Ga. It's a tree farm, acres and acres of pine trees. Grow some firs (not very well) for Christmas trees, and a big, big garden.
Besides my gold (and my wife I guess), my tractor is my prize possesion! Plus my dogs. :)
"Never had a bulldog."
They're about like any other...its what you make out of them when they're young. First one was a red. Once I convinced my wife to disbelieve the hype/crap in the press, she fell in love with her golden eyes. A lot of guys use them for chasing here (hogs mostly) the dogs love it. But you get em young so they understand the family is the pack and everything else is not.
I have to say the best dog I ever had was a husky/german shepard. He (Marc) was so damn smart he knew yes and no. "Hey Marc...you want a bath?" Woof. "Hey Marc, you want a bone?" Woof woof...lol. Two was yes...one was no. Damndest thing I ever seen. You could do it with anything...swimming, go for a ride, gotta put you on a leash...anything, it was weird. And there was the bond...he knew we knew.
I used to only put him on a leash when we went to the vet. A snap of the finger or a word was enough...always. Helluva a dog.
Now I just have dogs. We care for them and they care for us...but Marc was different.
One last one on him, Marc (seeing as how I've gone this far...lol).
When I lived in the city, I would have the front door of the house open watching TV or whatever and he would lay there half in and half out. There was a guy who would walk his dog (on a leash) around the block and over time I noticed he would cross the street to walk in front of our house. Seemed like taunting...Marc would raise up...I'd say relax or snap my fingers and he'd lay back down with a harumph...lol.
One day I was next door sitting in the garage of a neighbor (WWII vet) shootin the breeze and Marc perked up. It was them. Whatever it is with dogs that don't like each other this was the day. The other dog barked and growled & that was it...Marc was out on him. So, I go running out to seperate them and their locked up...jaw to jaw.
I looked him in the eye and said "Marc!!!...let him go!!!" He did. And that other fucking dog sunk his fangs into my left leg. Marc grabs him by the neck and slings him to the ground cutting him up pretty good...
And I swear...in those few seconds from command to his reaction to my pain...it seemed his eyes never left my eyes...as if to say...see I told you, you dumb shit, this dog hates us.
Best dog I ever had...all true...got the scar...lol.
Seeya
Thanks for the Marc stories nmewn.
Those memories will last you to the end.
He was a good one.
Pet owners should consider themselves lucky to have that one special one. Marc was that one for me. He was the last one out in the litter. I know because I had to help his mother...she was exhausted.
Marc had a full life...he even got bit by a diamondback when we moved up here. His head swelled up like a beachball. He came through that too.
He was one helluva a dog.
nmewn-do you track registered Bulldogs? I have an old boss who had a series of 'em. Thanks,
- Ned
Naw...registered is way to expensive for my taste. I've seen some go for as high as 1000 bucks. Plus my house is like a damned magnet for runaway dogs...lol.
The current blue & red ones were given to me though...some of the best yard dogs in the world and will chase and/or fight till they collapse. What they lack in intelligence they make up for in tenacity and strength.
At some point I'll get another shepherd I suppose (its awful hot on em down here though)...the pits are good dogs if they're raised right.
Just like any other dog, if the master is an immature egomaniac the dog will be completely screwed up too.
in texas the law is much more lenient than florida i think...........take for example the case several years ago in houston. a guy notices 4 guys stealing things off of his car in the aparment parking lot. he leans out the windown and shoots and kills all 4 of them. the case goes before the grand jury and he is no billed...........this shit happens all the time.......comments?
Those four won't be stealing again...lol.
State to state law should be respected. Those four chose to commit the crime and ignorance of the law is no excuse for doing the crime.
We have the Castle Doctrine here too. Not sure how we would apply it to a common parking lot in an apartment complex. So it seems Texas is more lenient in the protection of personal property.
Speaking for my situation, the private residence would be different in my mind. From my front gate to my front door is around 900 feet off the road. Here, at my home (not an apartment complex) I would drop them too I suppose because they made more of an effort to come down here...it wouldn't be a crime of opportunity they would be committing here.
The criminal brazeness would be obvious and I do carry a weapon in my truck...so if they're in my truck, they probably have my weapon there.
I shoot them all from the house and the gene pool is strengthened...my contribution to humanity ;-)
Yes. Report yourself.
I reported myself yesterday.
Also reported all three of Oblunder's speeches, suspect: Oblunder.
You listened to three (3 for Libs) spews?
Double secret probation for you!
Only for the drinking game...
A drink for every "uh?"
Not only that but I'd be willing to bet that ole Goldman benefitted by shorting the stock to zero. Anyone?
I'm sure the SEC will be right on it.
If the paper shredders are broken. SEC's got your back.
And we wondered why Lloyd got a Defense Attorney....?
Squidly Diddly in the House.
Just hit the snooze button...its Groundhog Day....you know whats coming.....
The only thing I see about loans in Title VII (which by the way, was about vehicle and fuels, I don't see the word solar anyplace, but why dither over such trivial matters) is right here;
SEC. 793. STATE GRANT AND LOAN PROGRAMS.
(a) IN GENERAL.—Subject to the availability of adequate appropriations,
the Administrator shall use 30 percent of the funds
made available for a fiscal year under this subtitle to support
grant and loan programs administered by States that are designed
to achieve significant reductions in diesel emissions.
(b) APPLICATIONS.—The Administrator shall—
(1) provide to States guidance for use in applying for grant
or loan funds under this section, including information
regarding—
(A) the process and forms for applications;
(B) permissible uses of funds received; and
(C) the cost-effectiveness of various emission reduction
technologies eligible to be carried out using funds provided
under this section; and
(2) establish, for applications described in paragraph (1)—
(A) an annual deadline for submission of the applications;
(B) a process by which the Administrator shall approve
or disapprove each application; and
(C) a streamlined process by which a State may renew
an application described in paragraph (1) for subsequent
fiscal years.
(c) ALLOCATION OF FUNDS.—
(1) IN GENERAL.—For each fiscal year, the Administrator
shall allocate among States for which applications are approved
by the Administrator under subsection (b)(2)(B) funds made
available to carry out this section for the fiscal year.
(2) ALLOCATION.—Using not more than 20 percent of the
funds made available to carry out this subtitle for a fiscal
year, the Administrator shall provide to each State described
in paragraph (1) for the fiscal year an allocation of funds
that is equal to—
(A) if each of the 50 States qualifies for an allocation,
an amount equal to 2 percent of the funds made available
to carry out this section; or
(B) if fewer than 50 States qualifies for an allocation,
an amount equal to the amount described in subparagraph
(A), plus an additional amount equal to the product
obtained by multiplying—
(i) the proportion that—
(I) the population of the State; bears to
(II) the population of all States described in
paragraph (1); by
(ii) the amount of funds remaining after each State
described in paragraph (1) receives the 2-percent
allocation under this paragraph.
(3) STATE MATCHING INCENTIVE.—
(A) IN GENERAL.—If a State agrees to match the allocation
provided to the State under paragraph (2) for a fiscal
year, the Administrator shall provide to the State for the
fiscal year an additional amount equal to 50 percent of
the allocation of the State under paragraph (2).
(B) REQUIREMENTS.—A State—
(i) may not use funds received under this subtitle
to pay a matching share required under this subsection;
and
(ii) shall not be required to provide a matching
share for any additional amount received under
subparagraph (A).
(4) UNCLAIMED FUNDS.—Any funds that are not claimed
by a State for a fiscal year under this subsection shall be
used to carry out section 792.
(d) ADMINISTRATION.—
(1) IN GENERAL.—Subject to paragraphs (2) and (3) and,
to the extent practicable, the priority areas listed in section
792(c)(3), a State shall use any funds provided under this
section to develop and implement such grant and low-cost
revolving loan programs in the State as are appropriate to
meet State needs and goals relating to the reduction of diesel
emissions.
(2) APPORTIONMENT OF FUNDS.—The Governor of a State
that receives funding under this section may determine the
portion of funds to be provided as grants or loans.
(3) USE OF FUNDS.—A grant or loan provided under this
section may be used for a project relating to—
(A) a certified engine configuration; or
(B) a verified technology.
'approved by the Administrator'
Just like ObamaDeath.
in a different world there would be an almost permanent investigation/DOJ unit re: GS
I just wanna know what they see 'really' happening for the next 4 months .... all their 'placements' .... they have better economic 'intelligence' certainly than the CIA.
The French are best at financial security at the national level .... they (a small cadre like of 4-10 guys) .. .they have to 'know' stuff about Goldie that would make most mortals head explode
How could this be surpising, every Fkn treasury sec. we've ever had has come from GS. It's thier world.
Not just us. The halls of power throughout the known world are populated with Goldman alums.
Were they all Jews? Just curious.
...all your money ARE belong to us"...corrected it myself (and properly!)
This must be why Lord Blankfein hired that DC atterny.
When you coming over to Turd's site to visit? The place is rockin...
Unfortunately my computer always freezes up when I log onto that site. I use a really old computer.
Wow he's got a nice board going. Tons of good info and fantastic community.
Just posted this article on the http://my.barackobama.com/page/signup/o2012-attackwatch-report-an-attack website. I said, "Looks like Obama Administration has engaged in Crony Capitalism. Seems as though our Dear Leader is completely bought and paid for by Goldman Sachs. Is this true? Please tell me it is not. I look forward to your answer."
I say we spam the hell out of that facist snitch site. Just overload them with facts that they have to refute. I for one will not go quietly into this night of darkness they are imposing upon us.
I think everyones been blasting it...a resounding success.
We should also do as Barry requests...call or write your congressman in support of The American Jobs Act placed before Congress.
Which is HR 2911 ;-)
Oh, yes indeed! I wonder what he will call it now on his stump speeches.
Shhh, I'm hunting wabbits...heh heh heh.
your an agitator.. I'm compiling a list of all you bitches and when the time is right I'm getting me some SNAP card bonus points for all my patriotic efforts.
LMAO
Just posted this article on the http://my.barackobama.com/page/signup/o2012-attackwatch-report-an-attack website. I said, "Looks like Obama Administration has engaged in Crony Capitalism. Seems as though our Dear Leader is completely bought and paid for by Goldman Sachs. Is this true? Please tell me it is not. I look forward to your answer."
I say we spam the hell out of that facist snitch site. Just overload them with facts that they have to refute. I for one will not go quietly into this night of darkness they are imposing upon us.
Please expect a knock on the door shortly by the Bammy police. Nothing like a modern day Communist "turn in your friend" website to make you feel all warm and fuzzy. Isn't this the same Obammy who was all about civility and bipartisanship?
More Chicago thuggery.
Since this is a rehash of Report@whitehouse.gov I'm inviting everyone to self report...frequently. Posting to FB status also. Spread the word.
All it will take is one special prosecutor with guts and integrity, just like it only took one good man to get "I am not a crook" Nixon. This may, please God, be the end of Obama but unfortunately the Squid will probably survive - although the idea that GS may be a front for multinational 'Intelligence' organizations is brilliant and could under the right circumstances ( Ron Paul/Elizabeth Warren 2012 for example) lead to some payback for all the dirty tricks they've pulled.
I just cannot imagine how this all has come to pass.
Jim Cramer - always wrong - still out there.
Donald Trump - perpetual bankrupt -OPM
Goldman Sachs - your money is our money
CNBC/Fox - all opinion - never facts
Ignorance is now enshrined, endorsed, compensated...was it always this way and I just missed it?
Disgusted...
Didn't we have a poster here who used to tell us to invest in chinese solars? Isn't this a case where that would have been a good bet because the chinese have the tech and two factories right now? Basically for free?
Zerohedge is right even when it does not think it is right.
Leo hasn't been around for a while.
China to 'liquidate' US Treasuries, not dollars
A key rate setter-for China's central bank let slip – or was it a slip? – that Beijing aims to run down its portfolio of US debt as soon as safely possible.
"The incremental parts of our of our foreign reserve holdings should be invested in physical assets," said Li Daokui at the World Economic Forum in the very rainy city of Dalian – former Port Arthur from Russian colonial days.
"We would like to buy stakes in Boeing, Intel, and Apple, and maybe we should invest in these types of companies in a proactive way."
"Once the US Treasury market stabilizes we can liquidate more of our holdings of Treasuries," he said.
To my knowledge, this is the first time that a top adviser to China's central bank has uttered the word "liquidate".
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100011987/china-to-liquidate-us-treasuries-not-dollars/
Just a thought? This second plant was built in Fremont, CA which also happens to be where GM/Toyota closed their auto production business NUMI. Just wondering if the Solyndra jobs were at union scale and if they were in fact UAW employees? Just a thought. Is there an Obama/Union connection to this business as well?
To Goldman: What a spectacularly bad analysis. How on earth could you be so wrong. You look like a bunch of third grade morons. Next time you want to do something like this please let me know. You can contact me here. I will gladly provide a couple of hours of my time for free and save you the great embaressment you would otherwise incure. You are welcome.
funny how dr kelley truman bailed to head deeya energy...good timing doc
Oh nice the squid is involved theres a fucking shock. Is there ANY honest people in finance or the government anymore ?
Tyler, the trail of crumbs inches closer and closer to Obammy every day.
"Emails obtained by The Associated Press show that a White House official dismissed reports about Solyndra's gloomy future. An email from Greg Nelson, a White House official who had been involved in the planning of Obama's May 2010 trip to Solyndra's headquarters, to a Solyndra executive downplayed a July 2010 news story in a trade publication that criticized the company's financial health.
"Seems B.S.," Nelson wrote.
Last May, a Solyndra email informed the White House that "things are going well" at the company and that it had "good market momentum, the factory is ramping up and our plan puts at cash positive later this year. Hopefully, we'll have a great story to tell toward the end of the year
Nelson, the White House official, replied: "Fantastic to hear that business is doing well _ keep up the good work! We're cheering for you!
"There's no evidence that the White House was involved in the loan," Carney said Thursday. Emails that show White House officials pressuring the administration's budget office about the loan were about scheduling, he said.
"The White House was involved in trying to find out when a decision would be made, so ... staff here could make a decision about the vice president's having an event" at Solyndra headquarters in September 2009, Carney said.
The evidence of unseemly activity between failed solar panel maker Solyndra and the Obama administration continues to mount. Recently released e-mails show that company spokesman David Miller went above and beyond in wooing a White House official after the president’s May 2010 visit to Solyndra’s headquarters, Politico reports.
In a message to White House special assistant Johanna Maska the day after Obama’s visit, Miller wrote, "If you tire of the White House life and ever decide you want to move out with your best friends in [California, where Solyndra was based] let me know. We could find you a great corporate gig very quickly."
"If you guys think this is a bad idea, I need to unwind the W[est] W[ing] QUICKLY," wrote Ronald A. Klain, who was chief of staff to Vice President Joe Biden, in another email sent March 7, 2009. The "West Wing" is the portion of the White House complex that holds the offices of the president and his top staffers. Klain declined comment to ABC News. One email to an OMB official in September 2009 noted “the time pressure we are under to sign off on Solyndra.It's not like everyone knew the plan wouldn't work....oh wait.They did
http://hotair.com/archives/2011/09/14/solyndra-employee-to-mark-levin-ev...
Solynarda was using obsolete tint technology discarded by the Chinese. Only in the US would "stupid outrank greedy". Of course, as long as its "solar" , its green and its good. Economies are not necessary in the USA. But you must feel good. The Congressional hearings today were interesting. Obviously, the plant construction was a payback to Speaker Polosi as it was built near San Francisco. Who cares if the plant never produces anything? The plant was going to make junk anyway. It was the contractors, consultants, and management that make billions. The Country is just so disfunctional. Maybe the environmentalist just don't care about anything but feeling good.
Solynarda was using obsolete tint technology discarded by the Chinese. Only in the US would "stupid outrank greedy". Of course, as long as its "solar" , its green and its good. Economies are not necessary in the USA. But you must feel good. The Congressional hearings today were interesting. Obviously, the plant construction was a payback to Speaker Polosi as it was built near San Francisco. Who cares if the plant never produces anything? The plant was going to make junk anyway. It was the contractors, consultants, and management that make billions. The Country is just so disfunctional. Maybe the environmentalist just don't care about anything but feeling good.
it's a shame because they appeal to the good intentions of the public to justify their theft...at least the oil companies have the decency to be dirty
A former Solyndra employee claims the company wasted well over $100,000 a day. and the company discarded huge amounts of product because of faulty production processes. And yes, the Chinese are not subsidizing this inferior form of solar technology. Couple that with a business model where you manufacture a product at $6 aunit and sell it for $3 a unit is doomed for failure. In addition, the Obammy administration was well aware the price of this technology was going to plummet, thus decreasing margins further.
Finally, the location of the plant is highly suspect. Who builds a new plant in the most highly regulated location in America in an area that is not condusive to their business, when there are literally hundreds of vacant locations in California? Why build other than for a payback to Pelosi?
There needs to be a Special Prosecutor appointed asap before the shredding parties start at 1600.
wherever you find a financial scandal...you will find the tentacles of the squid...as sure as the sun rises in the east.
Remeber: He still has at least a year left to do even more damage to the economy and steal more of your tax money to fund the next Solyndra.
*Remember
Apparently the only jobs to be created by the Obama administration will be aides to special prosecutors.
In all seriousness, there needs to be a special prosecutor for Solyndra and Fast and Furious. Both are egregious mismangement and scandalous use of government resources and abuse of power. Anything less than thorough investigations and resulting mass firings throughout this corrupt adminstration should be grounds for revolt by the sheeple.
Walk away from your iPads and Hot Pockets people. Wake up morons!
I am he and the end time is near...
Jesus Cripes. Goldmaned. Again.
http://www.greentechmedia.com/green-light/post/solyndra-looking-for-350-...
(Time to subpoena Goldman on this - it was a dog and if they knew it__)
I love ZH...+ one sunburn ;-)
'Anywhere you look... Goldman has already been there.' - Goldman Sachs, the modern day Kilroy...
July 2010
A Colorado-based solar panel manufacturer for which the nephew of U.S. Rep. Paul Kanjorski is vice president of marketing has received a $400 million loan guarantee from the U.S. Department of Energy.
The loan commitment to Abound Solar Manufacturing - announced by President Barack Obama during his July 3 weekly radio address - is to increase solar panel production at an existing plant in Colorado and build a second plant in Indiana that will create more than 1,200 jobs, a company statement said.
Read more: http://citizensvoice.com/news/solar-panel-producer-tied-to-kanjorski-receives-400m-federal-loan-1.885279#ixzz1Y4gA5Eom Read more: http://citizensvoice.com/news/solar-panel-producer-tied-to-kanjorski-receives-400m-federal-loan-1.885279#ixzz1Y4fuLRSUKanjorski again?...Cornerstone Technologies LLC.
Unreal.
July 13, 2010
Kanjo nephew works at (Solar) firm that gets loan $400M loan a coincidence, says Kanjorski. Election foe says Kanjorskis must just be lucky.exclusive financial advisor to Solyndra in connection with this loan guarantee application
Yea, Goldman is expert at techniques for getting government loan gurantees that you don't deserve, like getting declared a bank holding company and then getting exemptions for their risk management practices which don't qualify in traditional banking. By the way, I'm still waiting to see the list of all the banks Goldman is holding, outside of the Cayman Islands that is.
What a bunch of cons. I wouldn't be surprised if Goldman's fee for these advisory services was paid in carbon credits which they sold to some coal miner in Europe for three times the price.
Green Scam!!!!!
It used to be people were the " Pawns" and " Money" the bi -product of the transaction...
People are the bi-product of the transaction these days. BTW/ that Hong Kong revalue?
SNB/BoJ/Mof/BoK/ Singapore/ Cyn/ Russia... Ect...~>
Every " Dirt Bag" has a Secretary {12} levels deep to answer the Phones!!! The effin / Disfunctional Government invented the idea!!!
Layers upon layers/ into "OBLIVION"...
Bureaucracy is still in the original French as well.
The French sure invented a lot of evil things.
No-bid contracts for HAL, trillions missing from the DOD, pallets of cash missing in Iraq. What is everyone here all upset about? A few paltry billion dollars worth of DOE contracts that don't feed big oil and the MIC. BOO FREAKING HOO! The DOE funds a lot of research, and it goes to this district or that. The whole freaking CONgreff feeds pork here and there but none of you limp dick tea swilling maggots care about that, you just want to git them damn libruls. retards.