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Treasury Inspector General Opens Probe Into Obama's Solargate

Tyler Durden's picture




 

In the latest installment of what is rapidly becoming Obama's Keynesian Solargate, we learn that the Treasury Department's Inspector General has opened an investigation of the now defunct $528 million government loan to Solyndra which has no chance of getting repaid, following what will be a pennies on the dollar liquidation of the company, especially since it is primed by a $75 million term loan to George Kaiser, a documented Obama "bundler" as was documented previously. Per the AP, "A spokesman said Thursday that the inspector general is reviewing the role and actions of the Federal Financing Bank, a government corporation supervised by the Treasury Department. The bank provided the low-interest loan to the Fremont, Calif.-based company." The "concern" is that Obama has pushed levers to get the investment in a venture controlled by a "friend" on a fasttrack, with the White House Office Of Management Supervision urging the DOE to release the funds without proper diligence. "The House energy committee released documents Wednesday that appeared to show senior staff at the White House Office of Management and Budget chafing about having to conduct "rushed approvals" of a loan guarantee for Solyndra. Republican members of the committee said the emails raised questions about whether the loan was rushed to accommodate a Solyndra groundbreaking ceremony in September 2009 that featured Vice President Joe Biden and Energy Secretary Steven Chu." And while there is more, we will spare the Treasury IG some time (assuming he is at least a little less corrupt than everyone else in the administration and actually plan on conducting a legitimate investigation) and advise him to simply look at campaign and other contributions by Solyndra's equity backers which features the George Kaiser Family Foundation, U.S. Venture Partners, CMEA Ventures, Redpoint Ventures, Virgin Green Fund, Madrone Capital Partners, RockPort Capital Partners, Argonaut Private Equity, Masdar and Artis Capital Management. When in doubt, always follow the buck... especially when it is looking for a very fast turnaround courtesy of taxpayer capital IRR padding.

And speaking of the "more"

We would prefer to have sufficient time to do our due diligence reviews and have the approval set the date for the announcement rather than the other way around," said one of the emails from an unidentified OMB aide to Biden's office.

 

In another email exchange obtained by the committee, an Energy Department official asked a staff member at OMB if "there is anything we can speed along on the OMB side." Again, neither official was identified.

 

"I would prefer that this announcement be postponed," the OMB official replied. "This is the first loan guarantee and we should have full review with all hands on deck to make sure we get it right."

 

White House spokesman Jay Carney said Wednesday the emails don't suggest that the White House was pushing for the loan to be made.

Of course, and Europe may or may not do everything in its power to lever up on its sovereign bailout, as per Timmy G who is about to teach the ECB all about the benefits of unlimited private upside, and unlimited taxpayer downside, courtesy of Bernanke's own brilliant TALF construct, which worked at a time when QE 1 and 2 would still be able to add $2+ trillion to the balance sheet of the Fed, but will have some serious trouble now that every central bank's assets are full to the brim.

Anyway, back to Solyndra:

Solyndra once was the showcase for President Barack Obama's efforts to increase investment in renewable energy and to generate jobs. But the marketplace for its products changed dramatically over the past year. Chinese companies have flooded the market with inexpensive solar energy panels, and Europe's economy weakened demand from customers. The result has been an unprecedented drop in solar cell prices this year. Two other solar panel manufacturers also filed for bankruptcy in the past month.

 

Administration officials stressed that private investors thought so highly of Solyndra's prospects that they put more than $1 billion of their own money into the company.

And there it is: to find out why this deal was massively botched up, just find out what influence said PE firms injected on Obama. And also find out what other equity investors stand to lose if the DOE does not dispense with the balance of its "stimulus" loans in time:

The Obama administration is moving to finalize as many as 15 loan guarantees for renewable energy companies before a federal stimulus program ends on Sept. 30. Republicans question whether that could lead to more loans to companies that fail like Solyndra.

The answer? A resounding yes. But we will give the president one thing: he sure is creating entry level bankruptcy attorney and financial advisor jobs, and a whole lot of billable hours, which will be funded by the bankrupt estate, which, incidentally means, the US taxpayer.

 

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Thu, 09/15/2011 - 19:08 | 1675331 I am Jobe
I am Jobe's picture

WTF. No pension or library for the idiots in office anymore. Make em work at McDonalds

Thu, 09/15/2011 - 19:11 | 1675341 WestVillageIdiot
WestVillageIdiot's picture

Are you fucking joking?  The service at McDonald's is already shitty enough.  Can you imagine one of these retards that we have in office trying to run a drive-thru?  I think that could truly collapse civilization.  The only job these douche bags are qualified for is politician or welfare queen, or a little of both. 

Thu, 09/15/2011 - 19:25 | 1675391 Long-John-Silver
Long-John-Silver's picture

Damn right! I can imagine the "changes" made like......

 

You must turn the engine off and push your car through the drive through to cut pollution, save energy, and get some exercise.

TSA will hand rape everyone as they push their car through.

You must weigh in and get your height measured so management can tell you what menu you can order from.

When you get to the window be sure and smile for the face recognition camera.

All Illegals get a 25% discount. All Whites pay an additional 25% because they have an unfair advantage because they are White.

Blacks get nothing because their going to vote "the right way" no mater how bad the democrats screw them.  

Thu, 09/15/2011 - 19:29 | 1675408 AldousHuxley
AldousHuxley's picture

White: "Blacks get nothing because their going to vote "the right way" no mater how bad the democrats screw them."

Black: "America is a racist country. The white man is keeping black folks down"

White: "I offer a free one way ticket to any country in Africa for you then if you go where black man is at the top"

Black: "I already am in a country with a black man at the top."

 

Latino: "We all fucked (in spanish)!"

 

Thu, 09/15/2011 - 19:58 | 1675491 nmewn
nmewn's picture

BrightSource...IPO'd @ 250 mill...

The U.S. Department of Energy last year tentatively awarded the project $1.37 billion in loan guarantees as part of the federal government's economic stimulus program. But the department upped that figure to $1.6 billion on Monday when it finalized terms of the financing.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/11/BUAG1IUER0.DTL#ixzz1Y4ITXjtq

 

The board...without comment ;-)

http://www.brightsourceenergy.com/about_us/board_of_directors

Thu, 09/15/2011 - 20:15 | 1675574 I did it by Occident
I did it by Occident's picture

so i assume one could just follow the list of loanees of the DoE guarantee programs for "Short" play ideas?

Thu, 09/15/2011 - 21:39 | 1675837 nmewn
nmewn's picture

We tried to warn Leo (in between his luncheon dates with the power elites) of the wolves prowling around the fatted sheeple.

Some men you just can't reach ;-)

http://www.youtube.com/watch?v=1fuDDqU6n4o

Thu, 09/15/2011 - 21:47 | 1675864 Yen Cross
Yen Cross's picture

Excellent comment! Retro activity...  The real money spending is out of control as well... What inflation? In the DWE economies?

Thu, 09/15/2011 - 21:48 | 1675869 Oh regional Indian
Oh regional Indian's picture

haaaaah, awesome find NM. That BOD is quite the horror-show.

David Fries and Jim Eats.... enough said eh? BUt then there is Israel, GE...... stinky stinky.

I'll say it here again, solar the way it is now is not the answer. Cannot be. Now is wind. Nor is geo-thermal.

These are all approaches using a newtonian understanding of the world.

There are better ways. Far far better ways. Try getting this BOD to listen though? Not a chance, they are too vested in the current, long cycle time, million dollar, high/higher/highest tech gizmodo non-sense.

ORI

A Better way to Tech NirVana

Thu, 09/15/2011 - 21:53 | 1675882 IQ 145
IQ 145's picture

A better way to Tech NivVana; Fried Cow Dung?

Fri, 09/16/2011 - 01:28 | 1676208 Oh regional Indian
Oh regional Indian's picture

You see IQ 145, Mr. 800 Perfect Sat Scorer, attitudes like yours are the problem.

Instead of asking nicely, maybe once, about how it might be, you are stuck in your 1959 perfect score world.

Well, the world will change in-spite of you. Perhaps you can try some mind-flex for a change, think that there might be other ways of looking at the world, not just what is accepted.

Because even you have to admit, it's a pretty darn shitty world this teutonic, super linear take on technology has made for us.

You are of course free to be howsoever you choose. Unlike your snide-ness, I genuinely wish you well.

I do hope though that you are not in any way a gate-keeper for new technological advancements.

ORI

Where do we Fit?

Fri, 09/16/2011 - 08:23 | 1676527 trav7777
trav7777's picture

you're an idiot

Thu, 09/15/2011 - 22:26 | 1675953 DCFusor
DCFusor's picture

None are the answer for the ignorant who cram themselves too many to the cubic inch in cities, true.  Old tech (poly crystal) solar has run my 4 building campus off the grid since 1980, and no, that's not a typo.  All this "new" crap that's supposed to be "more efficient and cheap" is precisely the same misdirection and ruse that GW's clowns were pushing with the "hydrogen economy, just wait, we'll be ready in a few" == meaning you get to keep buying their oil till then - which is never.  Yeah, to live high on the resulting electricity, you have to cover a roof with the stuff, at not much over the price for real good windows the same area.

The problem was never the tech.  It's that people aren't ready to pay up front.  They like working with the rent-seeking and all too aptly named "power company" even if it rips them off.  Because to put in a real good system you have to forgo a lot of instant debt-induced gratification, instead of taking personal responsibility for how heavy you walk on the earth.  And no, I'm no greenie, and I have a hell of a lot of fun when they think I am.  I'm free and allow no rent-seeking entities to fuck with me insofar as its possible.  Since my county delegated enforcement of the building codes to the "power company" - I live in a "barn" that required no building permit.  The tax savings - "priceless".  Figure ROI=100% about every year.

 

Alternative philosophy aside -- its working and has been for over 3 decades, all the panels still meeting spec (Solarex, BP-Amoco).

Thu, 09/15/2011 - 23:07 | 1676032 Ident 7777 economy
Ident 7777 economy's picture

 

 

Very nice for you, but, what if I want to smelt lead or aluminum?

 

Your approach: insufficient energy.

 

 

Thu, 09/15/2011 - 21:52 | 1675878 IQ 145
IQ 145's picture

LOL Jesus that;s hilarious.

Fri, 09/16/2011 - 06:00 | 1676392 jeff montanye
jeff montanye's picture

liked the last best long john.  so true.  hippies too they say.

Thu, 09/15/2011 - 19:19 | 1675377 Shirley Wilfahrt
Shirley Wilfahrt's picture

Newsflash #1

These simple govt fucks couldn't cut it at McD's. They would be hiding in the can whimpering to mom on their iPhone in under 30 minutes in any real kitchen.

The typical McD's manager could literally RUN CIRCLES around these useless pukes all the while getting the fucking job done.

 

Newsflash #2

Don't disrespect the people that make your food dumbass.

Thu, 09/15/2011 - 22:21 | 1675941 Jena
Jena's picture

"Don't disrespect the people that make your food dumbass."

 

So very true.  Only fools eat something they've been served after being rude to the wait staff.  

Thu, 09/15/2011 - 22:41 | 1675985 Korbin Dallas
Korbin Dallas's picture

McD's doesn't "make food," they buy bulk produce from processors then freeze it and ship it.  The local peeps unwrap it, heat it, fry it, cut it, dole it out, and do a song and dance to maximize their efficiency from Hamburger U while salting and packaging it to hand over to debt-ridden diabetic overweight cholesterol-laden under-insured proletariat.

To refer to the end result is food is akin to a Principal-Only Tranche on subslime desert non-credit enhanced collateral being called an investment.  Same cookery, same clowns, same result.

Thu, 09/15/2011 - 23:42 | 1676087 Shirley Wilfahrt
Shirley Wilfahrt's picture

All completely true....and I guess when folks stop buying McD's will stop selling.....Excuse me while I pour myself a JimBeam and light up a Camel.

:)

Regardless of the "food" debate....the work is real. And I still say that the typical McD's manager could outwork nearly any govt employee...and do so...on a daily basis.

FWIW...McD's is one of the few businesses left that will literally take a kid off the street and give them an opportunity to work. Lots of store owners came up that way....lots of wealth.

So....you want some fries with that whineburger??

 

 

 

Thu, 09/15/2011 - 20:00 | 1675503 mudduck
mudduck's picture

Make em work as janitors at Halliburton so they can see how it's done. All this stink over a lousy half a bil. What a bunch of pikers.

Thu, 09/15/2011 - 23:10 | 1676031 Zero Govt
Zero Govt's picture

Yeah I know, nobody in Club Parasite gets outta bed now for less than $500bn, this $500mn of taxpayers disappearing down a White House shitter is such small beer you wonder if Treasury has got too much time on its hands piddling with these incidental amounts

No wonder Leo left ZH with only a couple of acidic deranged mumblings, his Solar panel investment must have got a nice little kicker of taxpayer largesse to give him a 'green exit strategy' just before the usual red ink bankruptcy all green (or Govt propped up biz-models) ends in

Thu, 09/15/2011 - 19:08 | 1675332 WestVillageIdiot
WestVillageIdiot's picture

This is just so racist.  Why do they have to go after the black half of Obama like this? 

Thu, 09/15/2011 - 19:31 | 1675417 Long-John-Silver
Long-John-Silver's picture

Oreo has produced a new cookie for Obama. It's the Triple Double Oreo.

New! Triple Double Oreo

Thu, 09/15/2011 - 19:58 | 1675494 I did it by Occident
I did it by Occident's picture

why does that sound so dirty? 

Thu, 09/15/2011 - 19:33 | 1675425 AldousHuxley
AldousHuxley's picture

TO DISTRACT YOU FROM THE REAL ISSUE: Banksters

especially given QE3 and Euro bailouts coming up

 

Thu, 09/15/2011 - 19:48 | 1675459 midtowng
midtowng's picture

Exactly!

This scandal is nothing compared to the real scandals.

The only reason you are hearing about it so much is because it is one of the very few signs of corruption that isn't totally bipartisan. Republicans can make a stink about it.

The Obama Administration is FAR more corrupted by Wall Street banks, but Republicans aren't going to make a stink about that because they want the Wall Street money even more than Obama does.

Thu, 09/15/2011 - 20:08 | 1675546 Cdad
Cdad's picture

Listen....I agree that there are lots of scandals encircling us, namely the absolute destruction of our nation, our Constitution, and everything else.  However, you should not be underestimating the positive nature of a plain, open, obvious case of crony capitalism now being investigated.

I find this Solyndra story quite refreshing, myself.  I hope the consequences from it land on President Zero's desk.  I hope the truth is revealed...which is basically, certain people made a half billion US tax payer dollars quietly disappear.  Hmmmm?  I wonder where all those Benjamins went?  

Let's find out. 

 

Thu, 09/15/2011 - 22:03 | 1675896 Yen Cross
Yen Cross's picture

Always appreciate your wisdom {C-Dad}...  I don't see much short covering going into tomorrow?  

 

    Best to you and your family!    Yen :)

 

 

 

Fri, 09/16/2011 - 02:11 | 1676254 WeekendAtBernankes
WeekendAtBernankes's picture

Between this, gunwalker, and the one where they sell the guns to known Chicago felons for resale to street gangs, I reckon we're in for a real shitshow.

The blogs have to keep pushing this stuff until the legacy media is forced to expose it to the plebs.

Thu, 09/15/2011 - 20:00 | 1675499 SheepDog-One
SheepDog-One's picture

Real issue- Operation Fast and Furious...people have been murdered due to Obama selling guns to drug cartels, in the attempt to blame the guns on americans.

Thu, 09/15/2011 - 21:48 | 1675865 MacGruber
MacGruber's picture

I like the title anyway, why does everything have to be a "gate"?

Fri, 09/16/2011 - 10:54 | 1677042 Abiotic Oil
Abiotic Oil's picture

If Obama and Holder would answer the question, honestly (ha!), about when they knew about (and when I say "knew about" I mean came up with the op and had it executed) Gunwalker I think they could/should be tried as an accessory to murder.

"Don't worry, we're working on getting rid of the 2nd amendment... under the rader and behind the scenes." - Barry Soetoro

Head over to Sipsey Street Irregulars for all the truth.

Thu, 09/15/2011 - 20:13 | 1675558 tamboo
Thu, 09/15/2011 - 20:39 | 1675667 mynhair
mynhair's picture

Cuz the white half is even dumber?

Thu, 09/15/2011 - 19:10 | 1675335 OldPhart
OldPhart's picture

Would that this was a true Watergate moment, but I seriously doubt there remains an uncorrupted individual in the Obama Administration.  Way too much cash was flowing.

Thu, 09/15/2011 - 20:01 | 1675510 SheepDog-One
SheepDog-One's picture

Yep, all that worthless fiat cash.

Thu, 09/15/2011 - 20:13 | 1675567 Cdad
Cdad's picture

This isn't just an Obama administration issue.  DC has been swallowed up by a culture of corruption and theft.  The good people of this nation have known it for a very long time.  

Of course, the best way to fix/reduce the problem is to get rid of incumbents.  Hmmmm?  Who has been getting rid of incumbents?  Ah, yes, the Tea Party.  Bring them on...more of them.  I don't care about their credentials, how slick they make speech, how handsome or ugly they are, or whether or not they can name all of the political leaders of Africa.  

More citizen representation, please.

Thu, 09/15/2011 - 21:46 | 1675861 MacGruber
MacGruber's picture

Until the Tea Party becomes the incumbents. I think a good portion of people that enter office intend to to good, then leave when the good work is finished. But once they get inside the candy store they never wanna leave - mark my words.

Think about it, best job on earth; people treat you like a star, you are "important", you get paid a nice salary and get to travel anywhere in the world on the gov'ment dime. You only work as hard as you want and the only job review is to get the same money from the people you did last time every 4 years.

Thu, 09/15/2011 - 22:33 | 1675967 DCFusor
DCFusor's picture

Sadly all too true.  And the trouble is, when you vote out incumbents, you have to vote another clown in, who then assumes they have a mandate -- never ever consider the fact that their only quality was that they weren't the same guy, and we don't get "none of the above" on the ballots (a significant problem that could be easily fixed if even a tiny fraction of that "for the people" crap was believed by those in power).

But vote the damn incumbents out anyway.  And keep doing it.  Make the lobbyists earn that pay.

Thu, 09/15/2011 - 19:10 | 1675337 NotApplicable
NotApplicable's picture

So, Hillary's minions are hard at work?

No wonder the banksters aren't willing to drop $38k to dine with The One.

Thu, 09/15/2011 - 19:17 | 1675369 WestVillageIdiot
WestVillageIdiot's picture

At what point does Hillary see her opportunity to jump in and once again try to be our first lesbian president? 

Thu, 09/15/2011 - 19:12 | 1675345 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

...Obama is a cunt

Thu, 09/15/2011 - 19:17 | 1675371 WestVillageIdiot
WestVillageIdiot's picture

Being a little unfair to cunts.  No? 

Thu, 09/15/2011 - 21:20 | 1675786 MFL8240
MFL8240's picture

No sir, Buckwheat is a crook.

Thu, 09/15/2011 - 19:12 | 1675347 nmewn
nmewn's picture

"People have got to know whether or not their President is a crook. Well, I'm not a crook. I've earned everything I've got."

Thu, 09/15/2011 - 19:19 | 1675375 WestVillageIdiot
WestVillageIdiot's picture

Quick, somebody give Obama a little dog.  That will keep him out of trouble.  Maybe he can name him Chess or Monopoly.  I hear dogs named after board games can pull a politician's ass out of the ringer. 

Thu, 09/15/2011 - 19:30 | 1675415 nmewn
nmewn's picture

lol...maybe we'll get a Checkers speech yet.

Thu, 09/15/2011 - 19:55 | 1675481 I did it by Occident
I did it by Occident's picture

how 'bout Parchisi or Backgammon?  probably name it Othello.  alas, the subtlety would be lost on most avg folks.

Thu, 09/15/2011 - 19:52 | 1675471 XitSam
XitSam's picture

Call we name the dog "Risk"?

Thu, 09/15/2011 - 19:53 | 1675475 XitSam
XitSam's picture

"Trouble"?

Thu, 09/15/2011 - 21:36 | 1675830 pods
pods's picture

I would rather see a big stray dog around the white house decked out in a bandanna that goes by the name "Sausage."

pods

Thu, 09/15/2011 - 22:41 | 1675984 ZeroAffect
ZeroAffect's picture

Hey, go with the card game "Gimme a Brain"

Thu, 09/15/2011 - 19:13 | 1675349 EscapeKey
EscapeKey's picture

We had our own moment of that in the run up to the 2005 UK election;

Rover loan 'was election bribe'

The Labour Party should pay back the £6.5m the government gave MG Rover before its collapse in the run-up to the last election, say the Tories.

http://news.bbc.co.uk/2/hi/business/4791846.stm

Of course, no official was ever found guilty of wrongdoing. What are the odds Obama operated "in good faith" on your side of the Atlantic?

Thu, 09/15/2011 - 19:20 | 1675381 WestVillageIdiot
WestVillageIdiot's picture

"More like a million to 1."

"So, you're telling me there's a chance?" 

Thu, 09/15/2011 - 19:28 | 1675410 disabledvet
disabledvet's picture

This isn't Iran Contra. I highly doubt there was an order by the Prez to loot the DOE. Nor I am certain was he being informed as such. There is the legitimate question as to why these clowns thought they could do as much however--where there's smoke there's fire. It doesn't seem a stretch either that the American voter has taken off the white gloves either. A namby-bamby response strikes me as ill advised.

Thu, 09/15/2011 - 20:46 | 1675687 mynhair
mynhair's picture

Sounds like you've never met a Lib, but you may be a Nader supporter, and not know the difference.

 

Thu, 09/15/2011 - 22:02 | 1675894 IQ 145
IQ 145's picture

the Labour Party operates on the principle that you can always spend more of someone else's money. they don't even know what you're talking about when you say "pay back".  The possibility that he was operating in good faith is zero. This mensch, Kaiser, has been to the white house 20 times. This is called "access" and it's what he bought; it;s completely corrupt.

Thu, 09/15/2011 - 19:13 | 1675352 divide_by_zero
divide_by_zero's picture

Too funny, but Obama's handlers tried the overly used "Blame it on Bush" doctrine yesterday in Congress during Solyndra hearings.

http://abcnews.go.com/Blotter/solyndra-blame-bush-obama-officials/story?id=14513389

 

Thu, 09/15/2011 - 19:19 | 1675379 X.inf.capt
X.inf.capt's picture

well, i think this was started by pres. bush and was finished by pres. obama.

kinda like NAFTA......

Thu, 09/15/2011 - 19:21 | 1675385 WestVillageIdiot
WestVillageIdiot's picture

I thought it was the Tea Party's fault. 

Thu, 09/15/2011 - 19:30 | 1675414 X.inf.capt
X.inf.capt's picture

could it be a lobbyist fault, i think that is what is corrupting our government.....

Thu, 09/15/2011 - 19:34 | 1675426 divide_by_zero
divide_by_zero's picture

It was started under Bush but also ended 2 weeks before Obama came into office, FAIL;

internal Energy Department emails that indicate the panel evaluating the loans had made the unanimous decision to shelve Solyndra's application two weeks before Obama took office

Thu, 09/15/2011 - 19:48 | 1675462 X.inf.capt
X.inf.capt's picture

i didnt know that part,

thank you for the info.

Thu, 09/15/2011 - 20:22 | 1675608 topcallingtroll
topcallingtroll's picture

Plus one for maintaining an open mind.

Thu, 09/15/2011 - 19:13 | 1675354 xtop23
xtop23's picture

 There is no way the criminals in D.C. will do anything. Fat chance. 

 Just like Fast n' Furious notta GD thing will come even close to touching Obama.

 These guys are all wearing teflon.

Thu, 09/15/2011 - 19:14 | 1675355 gastrolith
gastrolith's picture

This would be the same Energy Sec Chu who said of the light bulb ban:

“We are taking away a choice that continues to let people waste their own money.”

 Because a free citizen 'wasting' a buck on a light bulb is a criminal, while throwing away half a billion dollars - over the objections of the govt bean counters - is just groovy.

Thu, 09/15/2011 - 19:23 | 1675390 nmewn
nmewn's picture

And if you break one of those little mercury filled curly things don't report it...you'll be up to your ass in EPA alligators...lol.

And about those 153 bridges he's yappin about now (that didn't get fixed with the last 858 billion dollar "shovel ready jobs" fiasco)...someone gonna ask him exactly where those FRN's got off to?

Thought so.

Thu, 09/15/2011 - 19:31 | 1675419 disabledvet
disabledvet's picture

A chin in Obama's armor perhaps?

Thu, 09/15/2011 - 19:57 | 1675485 XitSam
XitSam's picture

typo?

Thu, 09/15/2011 - 19:14 | 1675356 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

...well, the black half of him is a cunt; the white half is a big cock. As far as I'm concerned, he can go fuck himself

Thu, 09/15/2011 - 19:14 | 1675359 kill switch
kill switch's picture

G. Gordon Liddy,, Do we need solar? I will stand on the sidewalk,, CIA HIT

Thu, 09/15/2011 - 19:15 | 1675362 Shirley Wilfahrt
Shirley Wilfahrt's picture

Interesting....

"I can not, and will not.....harumphharumphblahbittyblahblahblah..."

I could see it happening.

Enter Queen Hillary on her shiny white stud horse Bill to save us from ourselves.

Good times!

 

Thu, 09/15/2011 - 19:51 | 1675470 Rodent Freikorps
Rodent Freikorps's picture

I heard the lefty press is pushing the "Obama has clinical depression" story.

Ya think they might try to take him down with the 25th ammendment?

Thu, 09/15/2011 - 22:05 | 1675906 Yen Cross
Yen Cross's picture

 A silent voice ( +1)

Fri, 09/16/2011 - 01:09 | 1676182 Shirley Wilfahrt
Shirley Wilfahrt's picture

I think the fix is in for Perry...barring the dead grrl/live boy rule of course.

"GWB...without all the intellectual encumberances..."

I'd credit that if I could remember.

I think Obama knows he's done. It's all about the travel and a nice U job at this point. He's in completely over his head.

Frankly...this is when he is probably at his most dangerous.  

 

 

 

Fri, 09/16/2011 - 01:23 | 1676199 ReadySteadyGo
ReadySteadyGo's picture

Now THAT is an interesting take; didn't even see that coming as a possibility.  But it would be brilliant, as it allows for a lot of face-saving by the party, and even the man himself.  Remember, if it's something you can diagnose, then it really isn't your fault.  Right?  RIGHT?

Thu, 09/15/2011 - 19:24 | 1675365 buzzsaw99
buzzsaw99's picture

the usa president is above the law. O has done dozens of shitty illegal deals (wars, gm, etc., etc.), i highly doubt stealing a measly few hundred million will bring him down. besides, he will rat on everyone if they try.

Thu, 09/15/2011 - 19:24 | 1675394 WestVillageIdiot
WestVillageIdiot's picture

Ron Brown and Vincent Foster.  That's all I'm going to say. 

Thu, 09/15/2011 - 20:08 | 1675551 dumbpainter
dumbpainter's picture

Harry Whittington and Valerie Plame. That's all I'm going to say.

Thu, 09/15/2011 - 20:45 | 1675686 buzzsaw99
buzzsaw99's picture

both above comments +9 astuteness.

Thu, 09/15/2011 - 21:51 | 1675877 Farcical Aquati...
Farcical Aquatic Ceremony's picture

+ William J. Casey

Thu, 09/15/2011 - 22:07 | 1675912 Yen Cross
Yen Cross's picture

A boisterous voice) +1

Thu, 09/15/2011 - 19:16 | 1675366 SaveTheGreenback
SaveTheGreenback's picture

This is what happens when a community organizer from Chicago starts to play the alternative-energy private equity market with taxpayer capital.  

 

 

Thu, 09/15/2011 - 19:26 | 1675403 WestVillageIdiot
WestVillageIdiot's picture

If he can pretend to be an expert on the constitution why can't he pretend to be an expert on alternative energy?  Have you ever seen him play golf or basketball?  Is there anything this guy can do well that is an actual skill that any decent human would value?  If our cat played basketball like Obama I would have that little pussy put to sleep.   

Thu, 09/15/2011 - 19:56 | 1675482 disabledvet
disabledvet's picture

Cheating.

Thu, 09/15/2011 - 19:21 | 1675386 vegas
vegas's picture

Change you can believe in.

Thu, 09/15/2011 - 19:25 | 1675398 KennyG09
KennyG09's picture

According to recent economic data...Americans have no change left to spare.

Thu, 09/15/2011 - 21:18 | 1675777 JuicedGamma
JuicedGamma's picture

It's telling that O is still following a good portion of the Bush/Cheney agenda. Tax cuts, and adding to them, two wars in the ME, drones killing people in Pakistan, etc.

Thu, 09/15/2011 - 19:26 | 1675399 Sequitur
Sequitur's picture

So very disappointed in this president. He had a massive mandate when elected. Instead of prosecuting bankers and Goldman, he put them at the top of his Administration. Opportunity of the decade, wasted by Obama.

Thu, 09/15/2011 - 19:32 | 1675420 WestVillageIdiot
WestVillageIdiot's picture

Yep.  Bush spoke of using his "political capital" after his second election.  We all know he really didn't have any.  But Obama did.  This guy's fall has been the biggest of my life because he started so high.  The drooling mouth breathers around me really believed in this fraud.  The moment he announced Geithner would be his Treasury Secretary everybody should have known exactly what this guy is. 

 

I did not vote in the election for two reasons.  I could never have voted for Obama and voting for a Republican in NY for president is like pissing in The Hudson.  Why bother?  I bought gold instead. 

Thu, 09/15/2011 - 20:18 | 1675587 NotApplicable
NotApplicable's picture

The key to happiness is lowered expectations. Not supporting The Beast helps, as well.

Thu, 09/15/2011 - 19:27 | 1675404 nah
nah's picture

if Obama gets in alot of trouble he can just say that he was trying to take renewable energy to a viable price point for  energy markets in the short to medium term

.

or plead temporary insanity

Thu, 09/15/2011 - 19:33 | 1675422 WestVillageIdiot
WestVillageIdiot's picture

Temporary?  Is being a sociopath a temporary condition? 

Thu, 09/15/2011 - 19:29 | 1675406 cranky-old-geezer
cranky-old-geezer's picture

 

 

Ok, so O is caught with his hand in the cookie jar (again).  Same outcome as always, O skates and taxpayers foot the bill.

How 'bout something more relevant:  Can anyone tell me why ZH articles & comments are taking up to 10x longer to render in Internet Explorer since the new comment format was implemented?

Thu, 09/15/2011 - 19:49 | 1675465 Arkadaba
Arkadaba's picture

Mr. Cranky,

Please change your avatar. I'm fairly open minded (and a woman) but come on. If you need to see butts there are many sites you can visit on the World Wide Web. 

Avatars like yours have made me very reluctant to link to ZH articles. You are not the only one but I just can't take your commentary realistically with that staring me in the face.

Arka

Thu, 09/15/2011 - 19:56 | 1675483 Long-John-Silver
Long-John-Silver's picture

Can you imagine how much people would hate me if I started using a Plumbers crack avatar?

Thu, 09/15/2011 - 20:12 | 1675565 Arkadaba
Arkadaba's picture

I'm almost afraid to ask what it is!

Thu, 09/15/2011 - 21:13 | 1675759 JuicedGamma
JuicedGamma's picture

(_|_). If you get creative you could use an ad blocker to block crankies R rated avatar.

Thu, 09/15/2011 - 22:24 | 1675950 James
James's picture

Plumbers crack is when they bend over to work and 3 inches of butt crack show.

This is code.

More than 3 inches is a code violation

Thu, 09/15/2011 - 20:15 | 1675578 topcallingtroll
topcallingtroll's picture

She has clothes on. Lighten up, Frances

Thu, 09/15/2011 - 20:44 | 1675682 SamuelMaverick
SamuelMaverick's picture

Arkadaba, I love cranky's avatar......  This is fight club, so toughen up. You are unbelievable, the whole financial world is going up in flames, and you come here and cry about a freakin beautiful ass. 

Thu, 09/15/2011 - 21:05 | 1675742 Arkadaba
Arkadaba's picture

I might be a little tougher than you believe. So there!

My point was that it is sometimes hard to share information when the avatar is pornographic (according to some). Whether or not I share those sentitments has nothing to do with this post.

I think you are a bit stupid for standing up for a beautiful ass as opposed to sharing information especially as the the world is going up in flames?

Thu, 09/15/2011 - 21:12 | 1675753 wisefool
wisefool's picture

Chose your battles. People vent here, and the stereotypical/racial/biggoted comments are the only reason I dont tell people about this place. When we work some of that out we can get to this.

Besides, my eyes are shot, but I think it is bathing suit shes wearing. Bathing suits are not sexual. Lingerie would be offensive.

Thu, 09/15/2011 - 21:17 | 1675773 Arkadaba
Arkadaba's picture

I know. You are right. But every once in a while something gets my dander up and I just can't help myself. Thanks!

Fri, 09/16/2011 - 08:54 | 1676601 trav7777
trav7777's picture

yes, god forbid anyone should be exposed to anything other than complete orthodoxy and consensus opinion.  Their head might get blowed up

Fri, 09/16/2011 - 19:49 | 1678996 Arkadaba
Arkadaba's picture

Missed you too!

Thu, 09/15/2011 - 21:53 | 1675880 Blano
Blano's picture

Pornographic??  When's the last time you were at the beach??

Nice asses make a flaming world a little more tolerable.

Thu, 09/15/2011 - 23:07 | 1676035 cranky-old-geezer
cranky-old-geezer's picture

 

 

Pornographic?  You can't be serious.  There's freikin YouTube videos with gals wearing what that avatar is wearing, which happens to be a thong ...a rather nice one don't you think? :)

Hmmmm.... but then maybe you're unfamiliar with that sort of clothing. :)

Fri, 09/16/2011 - 03:54 | 1676330 Arkadaba
Arkadaba's picture

Not unfamiliar with thongs but prefer not to to wear them unless for a special occassion and a special person - super uncomfortable. Same goes for garters. Luckily, I have no need to advertise my sexual tendencies on a post on the econonmy or politics, unlike you.

Thu, 09/15/2011 - 21:03 | 1675721 cranky-old-geezer
cranky-old-geezer's picture

 

 

[wide grin]  Hey sis, you wana get really freaked out?  Go read my discussion with Founders Keeper about "unalienable rights from God" being a bunch of BS.  I attack that foolish concept from the bible perpsective, which I happen to know a great deal about, as well as constitutional law, and english common law back to the Magna Carta, PLUS economics, and monetary theory, and geopolitics, etc, ad nauseum.

And yes, God created that beautiful ass, and made us men very attracted to it.  Wonder why?

Thu, 09/15/2011 - 21:08 | 1675749 Arkadaba
Arkadaba's picture

How old are you and when is the last time you had fun sex? I'm guessing late 50s and not much action in the past decade.

Thu, 09/15/2011 - 21:18 | 1675763 cranky-old-geezer
cranky-old-geezer's picture

 

 

Wonder why?

Maybe so we'd put up with your freikin nagging?

[even wider grin] 

Thu, 09/15/2011 - 21:55 | 1675885 Blano
Blano's picture

No, that's me.

Fri, 09/16/2011 - 19:47 | 1678993 Arkadaba
Arkadaba's picture

+ like. I  was in a mood. And I might even apologize to the old cranky guy but still think some of my points have validity. 

Thu, 09/15/2011 - 23:41 | 1676085 Rick64
Rick64's picture

His isn't the only avatar that shows skin and IMO you will have a really hard time policing ZH avatars. Maybe the people that click on the links to ZH can look past this if they are adults and appreciate the content.

Thu, 09/15/2011 - 19:54 | 1675479 Long-John-Silver
Long-John-Silver's picture

Can anyone tell me why ZH articles & comments are taking up to 10x longer to render in Internet Explorer

 

You use Internet Explorer? Why would you do that? Microsoft is at least 10 yrs behind the curve. A friend has a copy of Windows 8. They've tried to copy Android while retaining the core of Windows 7 and make it run with Atom processors in an attempt to jump into the Tablet market. It's the most screwed up thing you can imagine. You are forced into touching the screen for links but you must still have a mouse to click OS pop up controls.

Thu, 09/15/2011 - 22:09 | 1675911 cranky-old-geezer
cranky-old-geezer's picture

 

 

Objection, unresponsive.  

Your Honor, would you instruct the witness to answer the question?

 

 

Thu, 09/15/2011 - 23:09 | 1676041 Korbin Dallas
Korbin Dallas's picture

They use IE so they won't miss any ads.

Fri, 09/16/2011 - 08:56 | 1676606 trav7777
trav7777's picture

android is not a desktop OS and nevermind that it sucks anyway

Thu, 09/15/2011 - 19:33 | 1675423 I am a Man I am...
I am a Man I am Forty's picture

what happened to solar dipshit leo who posts here all of the time

Thu, 09/15/2011 - 19:34 | 1675432 WestVillageIdiot
WestVillageIdiot's picture

I believe he is currently blowing a German tourist on Christopher Street. 

Thu, 09/15/2011 - 22:14 | 1675929 IQ 145
IQ 145's picture

LOL OMG I laughed so hard my beer came out my nose. If he is, he'll be trying to prove his thesis that Greeks are "hard working people".  I think he got hooked off the stage shortly after he told us all to buy Greek National Bank Stock; because it was cheap.

Thu, 09/15/2011 - 23:43 | 1676089 Rick64
Rick64's picture

Lol

Thu, 09/15/2011 - 19:58 | 1675490 Long-John-Silver
Long-John-Silver's picture

He lost his Solendra job and is homeless now.

Thu, 09/15/2011 - 21:36 | 1675829 cranky-old-geezer
cranky-old-geezer's picture

 

 

I'm (quite) happy to report I did my share of verbally kicking his ass all over ZH.  ...and I'm working on GW  ...maybe, just maybe ....

Thu, 09/15/2011 - 23:44 | 1676093 Rick64
Rick64's picture

I am a man

 He got kicked off ZH no joke.

Thu, 09/15/2011 - 19:33 | 1675424 Goldman Hufs
Goldman Hufs's picture

Come on guys, give Obama a break.  How could anyone possibly have seen this coming?  I mean with unemployment rate at 20% and people not paying their mortgages in order to feed their family its incredible to me that solar technology isn't taking off.  I mean it only costs roughly $40,000 up front to put on a solar roof that will eventually pay off 15 years later.  This company should be rocking and rolling given the strength of this economy.  

/sarc

The truth is a spanish family of about 12 that lives a couple of houses over from me was literallly on top of their roof hammering down a huge blue tarp after a big rain storm.  I'm assuming that their house was flooded.  This is what people can afford.  Would I love to see solar energy take off?  Sure.  But that boat was missed a long time ago.  You know when people actually had money and jobs to invest in such a technology.  Again is Obama an idiot?  Absolutely.  What really makes me sick is that I'm sure he thought it was a good idea.  People here green technology and they start smiling like morons.  It's beyond laughable how many people are walking this community organizer into trap after trap and yet he still hasn't waken up.  I guess when you've never spent a day in your life trying to generate profits with the pressure of losing yoru job if you don't these kind of ideas seem logical.

Thu, 09/15/2011 - 19:33 | 1675427 Eireann go Brach
Eireann go Brach's picture

May this all have a happy ending, perhaps Energy Secretary Steven Chu's wife can all provide those happy endings for free, as that would make us all vely vely happy!

Thu, 09/15/2011 - 19:37 | 1675435 dumpster
dumpster's picture

whats their to see here its only 528 million....... pocket change for the president ,

Were at 16trillon and counting ..  whats a billion here a billion there in the grand fraud of things .

nothing to to really see here ,, move on along ..  will be the final outcome.

The president made a determination that this was a good deal..

 Like libya ..   just a mere cyper in the snow.

burma shave time

Thu, 09/15/2011 - 19:37 | 1675437 Arkadaba
Arkadaba's picture

Whatever.

Nixon - Watergate

Ford and Carter - ineffectual lackeys

Reagan - Nicaragua and Ollie

Old Bush - Iran contra continued

Clinton - sacrificied for Monica but Kosovo was the really issue

Young Bush - 911 and the goats

Obama - ?

Thu, 09/15/2011 - 19:37 | 1675438 Miss Expectations
Miss Expectations's picture

Who gets this new $500,000,000 state of the art manufacturing facility for cents on the dollar at the completion of the bum's rush bankruptcy?  Is it possible that this facility was built such that it could (easily) manufacture products other than solar?  Is solar the last thing that all these venture firms are interested in?  It could be kind of like The Producers (without the music).

Thu, 09/15/2011 - 19:48 | 1675460 nmewn
nmewn's picture

It'll be used to "manufacture" Soylent Green with a helping hand from Attack Watch.

Joking, I "hope" ;-)

Thu, 09/15/2011 - 20:07 | 1675540 topcallingtroll
topcallingtroll's picture

Hehe

I have a new rumor to file at attack watch!

NMEWN said that Obama is wanting to use old people for soylent green.

Lets see if they have the evidence to refute it.

Cmon guys! Filing rumors with attack watch is fun!

Just keep hitting submit no matter what it says and you can file multiple complaints of rumors from the same phone or email address.

Thu, 09/15/2011 - 20:16 | 1675582 nmewn
nmewn's picture

ROTFL!!!...my fifteen minutes of fame.

They like me!...they really really like me!!!

Thu, 09/15/2011 - 19:39 | 1675442 dumbpainter
dumbpainter's picture

Don't you wish they did this much scrutiny over their no bid contracts for oil, minerals etc.!?

GOP is full of crap.

Evergreen Solar is also deserving of this scrutiny...except they took their money and dumped it in China...same difference.

Thu, 09/15/2011 - 19:46 | 1675456 THECOMINGDEPRESSION
THECOMINGDEPRESSION's picture

Probably the biggest news of the YEAR..RIGHT HERE

http://www.tfmetalsreport.com/comment/52675#comment-52675

Thu, 09/15/2011 - 20:10 | 1675555 Peter_Griffin
Peter_Griffin's picture

I'm not sure if I understand this part:

"Once the US Treasury market stabilizes we can liquidate more of our holdings of Treasuries,"

 

Are they waiting for a time with less buyers?  Right now seems like the best time to unload a shit ton of treasuries as buyers are pushing the yeild way down.  Do the Chinese pratice buy high sell low?

Thu, 09/15/2011 - 22:21 | 1675939 IQ 145
IQ 145's picture

It doesn't make any sense to me either; what you say seems logical to me. As far as "stabilize" goes; they may have to wait a long time !

Thu, 09/15/2011 - 19:57 | 1675486 Segestan
Segestan's picture

They can't find his Birth records,  but they will find out about Solar Gate... Got Damnit!!

Thu, 09/15/2011 - 19:59 | 1675497 topcallingtroll
topcallingtroll's picture

Thank you Tyler.

The IG could get a headstart by reviewing your blogs.

I wish the FBI and others would take the information offered by zero hedge and do something useful, other than flag my posts so that my junk gets extra TSA scrutiny.

Hey FBI want some key words for your search? Militia patriot poison gas allah akhbar, zionist, intifedah, palestinian state bill of rights assault rifle hang all politicians wmd mass casualties anniversary airplane boxcutter TSA uniform missing

There. That ought to give them something to do

Thu, 09/15/2011 - 20:01 | 1675506 candyman
candyman's picture

Listen...Eric Holder is getting involved, which means any evidence linking the WH will be immediately destroyed once in his hands. Dont ever trust these fucking dirtbags. This is going nowhere. Their problem is that the entire world knows they lie to their wives, friends, family relatives, and most importantly YOU! They all must go and it sure looks like these desperate crooks days are counting down. Wonder if the Obamas are already packing up the silverware and moving it like Gadaffi moving gold before he left, just like the Clintons.

Fri, 09/16/2011 - 11:50 | 1677216 trav7777
trav7777's picture

Place Holder already told you that in not so many words, his DOJ was not going to be going after "My People."

Wake up to racial reality, morons of America

Thu, 09/15/2011 - 20:01 | 1675507 candyman
candyman's picture

Listen...Eric Holder is getting involved, which means any evidence linking the WH will be immediately destroyed once in his hands. Dont ever trust these fucking dirtbags. This is going nowhere. Their problem is that the entire world knows they lie to their wives, friends, family relatives, and most importantly YOU! They all must go and it sure looks like these desperate crooks days are counting down. Wonder if the Obamas are already packing up the silverware and moving it like Gadaffi moving gold before he left, just like the Clintons.

Thu, 09/15/2011 - 20:05 | 1675529 brian oblivion
brian oblivion's picture

There are two kinds of Obama haters: the first hated him because they were GOP partisans or racists, the second learned to despise him over time for his behavior. The difference between them is that the first group would be complaining no matter what he did so aren't all that useful to listen to in terms of their complaints. Oh yeah, McCain and Mama Grizzly wouldn't have sold us out to the banksters either, yeah right.

As far Solyndra goes, I don't get why all the complaining about Obama. The DOE funds stuff they think might be useful. Some of it works, some of it fails. Solyndra has an interesting technology that probably should have been funded. They got shafted by China's heavy PV subsidies that the US could not and would not match (and thus the US fell behind in a critical market - PV will attain grid parity soon enough).

Obama's ties to Solyndra are pretty inconsequential. If the management ripped off the company it was not his fault. Of all the things to be angry at Obama for Solyndra is ridiculously minor.

Stupid McCain/Palin tards are still stupid.

Thu, 09/15/2011 - 21:00 | 1675726 ironymonger
ironymonger's picture

Obama is the statist we said he was. Feeding billions to connected firms and donors under the guise of Stimulus and 'greenjobs' is too much sloppy corporatism to let slide no matter how self-righteous a leftie you are. That is to say nothing about his inaction in prosecuting anyone worth a damn on Wall Street.

You could've just apologized for voting for Obama and saved yourself several paragraphs. Hope and change, fucker.

Thu, 09/15/2011 - 22:10 | 1675920 VisualCSharp
VisualCSharp's picture

Okay, so put up $500mm of your own money then, fucker.

Yeah, I thought so.

Thu, 09/15/2011 - 20:05 | 1675530 brian oblivion
brian oblivion's picture

There are two kinds of Obama haters: the first hated him because they were GOP partisans or racists, the second learned to despise him over time for his behavior. The difference between them is that the first group would be complaining no matter what he did so aren't all that useful to listen to in terms of their complaints. Oh yeah, McCain and Mama Grizzly wouldn't have sold us out to the banksters either, yeah right.

As far Solyndra goes, I don't get why all the complaining about Obama. The DOE funds stuff they think might be useful. Some of it works, some of it fails. Solyndra has an interesting technology that probably should have been funded. They got shafted by China's heavy PV subsidies that the US could not and would not match (and thus the US fell behind in a critical market - PV will attain grid parity soon enough).

Obama's ties to Solyndra are pretty inconsequential. If the management ripped off the company it was not his fault. Of all the things to be angry at Obama for Solyndra is ridiculously minor.

Stupid McCain/Palin tards are still stupid.

Thu, 09/15/2011 - 20:11 | 1675561 topcallingtroll
topcallingtroll's picture

I think it is consequential whether republican or democrat if government contracts go through a different vetting process based on political contributions.

Thu, 09/15/2011 - 20:51 | 1675704 Goldman Hufs
Goldman Hufs's picture

I see that you've only been a member for ten weeks so let me give you a quick introduction.  This isn't Faux News or CNBS, very few people that actively participate in this message board are still under the childish impression that the Democrats or Republicans are any different.  As far as Solyndra goes there is either demand for their product or their is not.  It is an interesting technology that should have been funded?!?  Go fuck yourself.  Give me $500,000,000 and you would be amazed at the amount of crazy shit I could build that absolutely nobody wants to purchase.  

Do NOT follow this link or you will be banned from the site!