Another Popular Name Emerges In The Solyndra Scandal

Tyler Durden's picture

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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Silver Dreamer's picture

Worse, I do not believe many folks in this thread understand the definition of anti-semitism.  No one here is suggesting hatred for Jews based on their heritage, religion, or ethnic background.  If you don't even know the definition, please do not make the accusation.

DavidPierre's picture

The two-state solution in the Middle East, which was stated US policy and a cornerstone to the peace process suddenly became null and void ten years ago.

Was this the real reason for 9-11?

Was it carried out to create a condition of war, based on lies, deception, and fraud, that would distract and obfuscate attempts to reach a two-state settlement, which seemed within reach just before September 2001?

 Was it designed to allow Israel to continue its unilateral goals of further expansion, to create a Greater Israel that reaches from the Euphrates to the Nile, ethnically cleansing the land of its original inhabitants?

Has the US established, in the Green Zone in Baghdad, a base to conduct future operations to assist our Zionist ally with her future expansionist conquests?

Do we have more than one policy here?

As observers of history and geopolitics, it certainly makes more sense now than the ridiculous, "They attacked us because they hate our freedoms" rubbish.

 As you read Christopher Bollyn‘s


Solving 9-11: The Deception that Changed the World

 You will understand just exactly who and what foreign political interest actually attacked us on September 11, 2001.

These foreign political interests with their traitors... (George Washington referred to these types as tools and dupes)... inside our U.S. political establishment attempted to deceive us in order to pursue their foreign-sponsored political will and expansionist policies in the Middle East.

As you read, the real perpetrators of the 9-11 attacks will become apparent, and they will be identified. The motive will become clear, and you will see this peg as a natural fit. You will understand that our country is filled with ambitious, corrupted, and deluded citizens (in positions of political power, office holders, judges, the press, etc.) who devote themselves to the foreign nation, and have sacrificed the interests of their own country, with popularity, gilding, with the appearance of a virtuous sense of obligation.

You may even find yourself supporting a new investigation into the attacks of 9-11.


High Plains Drifter's picture

if the united nations votes to allow the palestinian state, i am not sure what the terrorist state of israhole will do. they are making bad noises now. these maniacs are capable of doing crazy things. 

everyone would do well to listen to this syrian guy talk about israhole's sampson option. here he talks to one of the many "helpful" jews that have came out of the proverbial woodwork so to speak, the last few years. trying to help the truth movement, doncha know...........hmmmm....

island's picture

@ LarryDallas, I'm with you.  From my perspective, all these posters expressing vehemence towards Jews as an entity reflects a narrow pre-existing focus, kind of like when you buy a car and all of a sudden you see them everywhere.  Jewish people in general value education, enterprise, and entertainment.  Given their miniscule slice of the population, both in the U.S. and globally - they have made a surprisingly big mark - so they naturally become targets.  And yes, there are corrupt and greedy Jews, just like there are corrupt and greedy proclaimed Christians, Muslims, Hindus, etc.  There are also radically progressive Jews, and ones who have fought vigorously for "the small people" and against the tenacles of big business.  Keep in mind that Bernie Madoff primarily screwed over other Jews. That people focus on the Jews over and over as having some mysterious power is a mystery, though I think it is because they are so prominent and "successful" overall. 

Here is a sampling of who the anti-Semites would prefer never have been (at least as Jews) ....

Jon Stewart
Bernie Sanders
Noam Chomsky
Eliot Spitzer
Joseph Stiglitz
Russ Feingold
Al Franken
Paul Wellstone
Albert Einstein
Jonas Salk
George Burns
George Gershwin
Isaac Asimov
Woody Allen
Jerry Seinfeld
Leonard Bernstein
Carl Sagan
Ayn Rand
Steven Spielberg
Elie Wiesel
Arthur Miller
Aaron Copland
Sigmund Freud
Helena Rubinstein
Lauren Bacall
Marc Chagall
Benny Goodman
Saul Bellow
Kirk Douglas
Jerry Lewis
Michale Landon
Barbara Streisand
Neil Simon
Bette Midler
Tony Curtis
Stanley Kubrick
Allen Ginsberg
Billy Chrystal
Bob Dylan
Art Garfunkel
Goldie Hawn
Leonard Nimoy
Madeleine Albright
Jerry Stiller
Rosa Luxemburg
Abbie Hoffman
Emma Goldman


Zero Govt's picture

Jon Stewart is a socialist scumbag, big-gob-for-rent, midget clearing house for Club Parasite propaganda toerag ...the fact he is Jewish has sweet nothing to do with it ...a snivelling little arsewipe is a snivelling little arsewipe whatever his religion

High Plains Drifter's picture

agreed. i mean look who he works for. do people honestly believe he has freedom of speech on his show?  hell, he does what they tell him and says what they want him to say, like them all. 

island's picture

Thanks for emphasizing my point.  Like every group of people, there is diversity and a wide range of perspectives among people who happened to be born Jewish. 

Christophe2's picture

Here's a nice analysis of the Stewart/Colbert 'restore sanity' rallies, which does a v. good job of revealing the truth behind their machinations:


Strangely enough, ZH readers are quick to agree that Jon Stewart is a Zionist/NWO/mainstream tool, EXCEPT when he is used to interview Ron Paul and highlight how RP is supposedly being ignored by the mainstream.  Hello?


I know many of you have a very strong emotional attachment to Ron Paul, but can't you stop for a second and think about how absurd it is for one part of the mainstream to claim that other parts of the mainstream are 'ignoring' RP?  I am all for bringing our troops home, all for bringing back the gold standard, but I've learned my lesson from the Obama deception: these career politicians are professional liars.  What's worse: RP refuses to question 9/11 and also fails to speak of our wars in the right light: it's not about bringing our troops home and having 'sensible' non-interventionist policies - it's about recognizing the fact that Obama and Bush are responsible for vast WAR CRIMES! Those f*ckers need to go to prison and we need politicians who recognize this, rather than focus on 'looking forward, not back'.


RP's milktoast and calming perspective on things makes me sick - won't you ZH denizens ever start to look outside of the Republican and Democrat parties?  These are the two sets of blinders they use to limit our thinking and options.  Who cares about the Republican debates?  Who cares about what anybody in these two NWO parties has to say?  All their positions and roles are scripted, and none of them are 'real'.

Rick64's picture

There are Jews and then there are Zionists. There are also Jews that support Zionists because they have been brainwashed. Kind of like a Christian supporting a so called Christian politician.

DavidPierre's picture

International Jewish Anti-Zionist Network is an international network of Jews who are uncompromisingly committed to human emancipation. To this end we focus on the struggle for the liberation of the Palestinian people and land. We are committed to ending Israel apartheid and colonization and to the right of return of Palestinian refugees.

Beginning with the struggle to dismantle Zionism and confront Islamophobia, we participate in local and international movements against all forms of racism, exploitation, and militarism, and for economic, political, social, cultural and environmental rights.

Anti-Zionist Jewish Protestors are attacked by an AIPAC conference attendee

Hephasteus's picture

That's a really fantastic point. But you still have to judge people on thier reality. Israel forced germany to pay reparations even though most of the nazi's got caught and tried and punished. So it would be somewhat hypocritical to force people to differtiate between a bad jew and a good jew. All jewis people should be forced to pay reparations to the entire world for the actions of goldman sacshs executives alone.

It's only fair. If you are going to play games with psychotics why hamstring yourself to rules and regulatiosn that the psychotics themselves won't follow. I don't like germans I don't give a shit about germans. But just logically anybody can tell they got fucked.

I mean seriously. Do you think the SS is going to pay. No those guys were stone cold brutal murderous don't give a shit people. They ain't paying. Do you think you are going to get fairness from a murderous thug like Benjamin Netanyahu for the actions and abuses of the banking industry. These people spend every hour of every day trying to get permission or force compliance to slaughter people wholesale.

Nope the innocent always pay. I'm afraid those good hearted jews are gong to have to tow the line on this one.

This is fake post. Used to illustrate how jews always use hypocricy and hold everyone to a higher standard than they will hold themselves to. As for Germany get the fuck over it. Buy a fuck you jews I didn't do shit t-shirt or something.

And what happens after you finish paying a jew. They ask for more money.

And you wonder how they infect societies with entitlement disease.

You think people who live by the sword are the problem. No the people wo live by the sword duel wield massive quanties of bullshit in the offhand.

chindit13's picture

Cyd Charisse.


Look at this:


Watch it three times.  Did you even notice Fred Astaire?


By the way, in no way am I making light of your post.  The anti "Joo" posting, that has become a far too significant part of the Zerohedge zeitgeist, is disgusting, diminishes the message of the site, and---frankly speaking---says a lot about lazy ass morons who need an excuse for their own ongoing abject failure at life.

"If only there were no Joos, no Illuminati, no Bilderbergers...why I'd be such a success in life and the ladies wouldn't be able to keep their hands off me!"  Bullshit.

RockyRacoon's picture

Thanks for your comment.   I was hoping to keep scrolling on down for a continued discussion of Solyndra... that was the topic, was it not?   I suppose a ZH article on ice cream would somehow devolve into a free-for-all about the Joooooooz or the 911 inside job.   With the most vociferous being those who decry how the MSM is dividing the populace with populism, political division, and such.   I'm leaving the article and going to search for something that makes sense now.   Bu-bye.

Jena's picture

Thanks for that.  Fantastic clip, great dancer and lovely lady.  Met her once years ago.  She was a delight.

chindit13's picture

Funny place, this Zerohedge.  Some posters get suspended for a light-hearted swipe at the site, while those who post this sort of racist wingnut drivel are most welcome.

Perhaps none of you have noticed, but ZH's reputation is falling faster than Tiger Wood's did two years ago.

"I could have been a contender"

Withdrawn Sanction's picture

Perhaps none of you have noticed, but ZH's reputation is falling faster than Tiger Wood's did two years ago."

Evidence, please? ...wait, on second thought, what would it matter? It would only matter if your opinions were merely shells reflecting the opinions of those around you. Do you really need the prestige of other people's approval before you'll evaluate a site's content on its own merit? Do you even know how?

chindit13's picture

You're right.  It's just the echoes of people around me and with whom I communicate.  They're just people who thought a strong, consistent and rational voice against the disaster that is the market and the economy now might help bring about change.  While the site is not responsible for the bigots, racists and moonbats who have flown in, the fact that such types have become overly represented in the comments section hurts the site by their association.  The free hand given some Contributors to espouse some of the more bizarre conspiracies also does the site no favor, because it gives those who might be legitimate targets of the site ammunition in their attempt to disparage it.  Yes, that is just my opinion.

Silver Dreamer's picture

I humbly suggest most people here do not give a fuck about the reputation of the site.  This isn't a popularity contest.  If you and your friends do not like freedom of speech, you're free to never come back to the site.

Rick64's picture

  Personally I hope Chindit13 stays around. I don't agree with him on many issues and I am probably one of the moonbats he is referring to, but he has extensive knowledge in many areas.  He is a contributor and has been on ZH from day one.  HE has some great posts and comments.

nmewn's picture

I feel the same way about Chin.

I don't think its healthy for everyone to agree on everything anyways. Truth must be subjected to fire in order for it to continue to be held out as the truth ;-)

max2205's picture

"Let me introduce myself...."

FunkyMonkeyBoy's picture

Looks like the 'everyday american joe' is willing to see his/her country completely destroyed in open sight without a single shot fired in self defence.

jdelano's picture

Not the first time I've been in total agreement with you

Let's organize the first Goldman/fed/HFT/tptb strike in America. (we don't have to actually go, we can just organize it and order the picket signs for everyone else.)

TradingJoe's picture

BUBBA they are too busy watching the wrong shows :))) I guess they deserve what's coming to them my take is this country will be soon also looking like a banana republic it already is! No?!

Sophist Economicus's picture

Yup, we're looking more and more like Europe everyday.   Just hope we keep our bathing habits up - wouldn't want to smell like'em too

Rodent Freikorps's picture

I heard French girls started shaving their pits.

We're wearing them down.

buzzsaw99's picture

they should shave their moustaches. :shudders:

Yen Cross's picture

Amazing how the smallist things work!  Stinkey Pits on girls?!    YUCK!!!  Greece Yuck!!!

EscapeKey's picture

Bad example, dude. I'm in the States often on business, and I tell you Americans are several orders of magnitude better at stinking up bathrooms. I think it comes down to the diet.

Sophist Economicus's picture

Actually EscapeKey, I really just meant the comment for ChunkyMonkey up there.   I think he's a frustrated, angry tranny from Paris who is really upset about his pee-pee implant.  

And, let me clarify, that for whatever reason, I NEVER think of England or Ireland as part of Europe -- they seem too normal.


As for smelly poo-poos, I gotta agree.   Although I think it has less to do with diet than just the audacity to actually take a crap in public!



Founders Keeper's picture

Hi Sophist.

Regarding your observation European "poo poo" smells pleasantly mild compared to that of their American counterparts.  The answer is really quit simple.

You see, some folks have more "poo poo" than they need.  In Europe, they've evolved beyond capitalism of the colon.  Poo poo, as with property, is collectivised, distributed equally then to all European people.  The bathroom burden is shared. 

From each according to his ability, to each according to his need. 


SheepDog-One's picture

Most americans totaly deserve whats coming to them.

WestVillageIdiot's picture

Sad but true.  Just talk to the dipshits around you and your sympathy meter will quickly be pegged at 0. 

centerline's picture

(looking left.  looking right.  looking behind me.)


Yup, idiots.

Christophe2's picture

@"Most americans totaly deserve whats coming to them."


Most Americans have been engineered to be the miserable people they became.  Our schools suck on purpose (, and our Zionist TV and movies teach people to value being self-centered jerks and to value stupidity and irrationality.  We are all simply the result of our environment, which for the past century and a half has been overwhelmingly and purposefully corrupted by the vile globalist plans of the NWO, with its think tanks, predictive programming, criminal gangs and quasi-infinite funds.


Does anyone 'deserve' this?  You look at the effect (people suck) and you are very quick to judge.  I recognize fully that most people suck (including, IMO, self-centered 'better than thou' jerks who feel others 'deserve' misery and death), but I also recognize the cause of that suckiness, as well as the statistical inevitability of the NWO's actions: if you spread enough crap around, nearly everyone will end up very dirty.  I see cause and effect, and I am fighting against the cause, while you seem to be content to sink with the rest while blaming the greater victims.


How hard are you trying to defeat this NWO?  How hard do you work at waking up the people around you?  If you are mostly failing at it, have you stopped to think about how your approach may be wrong?  How much time do you spend trying to think up new ways to fight this vast conspiracy that besets us?  I live alone and have no one supporting me (mentally / emotionally / etc.) and it's hard to keep going, day after day, and I feel bad for the many wasted days spent procrastinating, but I'm still trying my best and still pushing myself to do more. 


Individualism and 'look after your own' has a small chance of protecting you somewhat against their future/ongoing crimes (economic depression, false-flag attacks, engineered weather calamities, mono-crops that will inevitably fail and lead to mass starvation, poisons in the water and food, etc.), but it does nothing to STOP THEM.  It's only if we can act collectively and revolt that we can actually have a chance at a decent life, and 'they' have done everything they could to make collective action unthinkable.  (Not that I'm going to let that stop me.)

scratch_and_sniff's picture

Off you go then big balls, what are you waiting on, an army?

ZeroAffect's picture

No disrespect, FMB 'cause you're spot-on, but they don't run these stories on Dancing with the Stars or the nightly news or the top of the hour news. just sayin' somehow, someway those who know what's going down need to start breaking the news to the sheeple.....course you're going to get a lot of glazed-over looks because it's "Football Time in America" and then the election for the next prez will start dominating everything.....

High Plains Drifter's picture

no doubt. i cannot believe we are so easy. i never in my wildest dreams figured we would go down so easy. but i never actually realized just how dumbed down and stupid amerikans are  these days. george carlin said one time, that what they don't want is a nation full of people capable of critical thinking..........and "they" have achieved this one goal , among so many others, beyond their wildest dreams. 

zerozulu's picture

After the revolution, can ZHers get together some where?

High Plains Drifter's picture

keg beer , smoke  , hookers and blow?

Silver Dreamer's picture

We need a ZH uniform patch to identify ourselves to other resistance fighters.

RockyRacoon's picture

You mean a target for the Homeland Security contractors?

PulauHantu29's picture

Special Prosecutor needs to be appinted. This case is too Big and too Hot to be handled by any Joe Blow who will most likely bow to political pressure.

Clint Liquor's picture

Fear not, Eric Holder is on the case!

krispkritter's picture

NOW I'm f'in scared...thanks for that...wanker.

mynhair's picture

Breaking News:

Chas Bono appointed as Special Prosecutor, after his horrendous fall in 'Dancing With The Dips - err, Stars'.


O/T. but whatever happened to Chastity?