Will they sue the US?
The lawyers always get paid first.
“A $69 million loan this spring from the company’s private investors will be repaid before taxpayers get their money back, according to a creditors’ agreement cited in the bankruptcy filing. “
Who the hell agreed to this? Private investors should be the FIRST wiped out, well before losses to the taxpayer are put into play.
Welcome to the new economy. Government shells out lots of money for flim-flam, “green jobs” and in return gets nada, except for a lot of red in the national balance sheet.
Guess they just want their turn at the taxpayer teat.
What could go wrong?
Green energy -- it's not just a job, it's a government entitlement!
I wonder how much the CEO walked away with.
The only outcome of their suing will be the collection of unemployment checks.... =.=
WHO got the almost HALF a BILLION DOLLARS of OUR MONEY????? The OWNERS or the WORKERS??
A guy came into my shop back in the early 90’s. He was driving VW Rabbit and had a couple of solar panels tucked under his arm. He wanted us to fabricate some brackets to mount the panels on the roof of his car.
He said he was going to put an electric motor in the car and a bunch of batteries and it would run for free.
I did some figuring and told him what it would cost. So then he says, “Oh, I thought I could just cut you in on the profits”.
I laughed in his face.
I guess people like him are getting government money now.
Why don’t they sue Obama and Algore? They’re the ones that lied to them.
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This is nothing compared to how I’ve seen 8(a) government contractors rip off the government. The big ones aren’t much better but the 8(a)’s are less subtle, usually because the owners aren’t as smart. That was Solyndra’s mistake. They could have had an RFP custom-made for them, get the award, and stay in “business” forever producing nothing.
DU is treating this like it’s no big deal.
“no notice to the employees sucks but I guess the $$$ is gone...”
I said:
It sounds like a piss-poor investment, a waste of tax payer money, and someone needs to have hearings on it. That’s a hell of a lot of money for nothing.
If this happened at a private company, that person would have been fired within an hour, and would probably be looking at criminal charges.
Can’t wait to see what the reply to that would be.
Who now has more than half a billion dollars of taxpayer money?
ROTFLMAO!!!!
Whut a frickin’ scam...
Excuse my French, but how the FECK can you get an injection of $500+ million bucks from WE THE PEOPLE and be BANKRUPT in less than 2 years?
Arrgghhhh! I. Give. Up.