Solyndra to Auction Assets, But Taxpayers Won’t See a Dime

Heritage ^ | October 21, 2011 | Lachlan Markay

[DJ MacWoW]

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[vette6387]

You can bet that the private investors will be at the auction to buy the equipment for pennies on the dollar and ship it to the “Solyndra” factory that was set up in China. I’m sure some other crony will get the billion dollar facility for next to nothing. Google, maybe? Tesla motors?

Tesla is within walking distance of Solyndra so maybe there is something that Tesla could bid on and not have to pay shipping!

[Lmo56]

Under the restructuring agreement, the first $75 million of private investment would be repaid before taxpayers saw a dime. Reps. Fred Upton, R-Mich., and Cliff Stearns, R-Fla., who chair the House Energy and Commerce Committee and its investigative subcommittee, respectively, said the restructuring agreement “violated the plain letter of the law.”

If this provision violates the law, it might not be enforcable by Solyndra. The courts may strike this provision down ...

[onyx]

[Amagi]

When Obama’s Crime, Inc. nationalized General Motors they saw to it that the private investors were aced out of ownership to the benefit of their corrupt union thug cronies, so it makes perfect sense that the American tax payer gets aced out with Solyndra to the benefit of Obama’s crony “investors”.

[opentalk]

This is from another thread

Judge denies bid by government for Solyndra trustee

They refuse to provide any information.

[GailA]

btt