Posted on 04/03/2012 8:44:29 AM PDT by Liz
There's more Solyndras lurking in Obama's "green-land."
The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES’ subsidiary Eastern Energy, and the infamous, Solyndra all were beneficiaries of Obama's "green" obsession.
According to a hard-hitting CBS News report; Beacon Power, a “green energy storage company,” received $43 million from the Obama admin. The deadheads in the Obama admin gave the biggest S%P 500 loser loan gurantees.
The high-sounding "Solar Trust for America" received $2.1 billion in conditional loan guarantees from the DOE — “the largest amount ever offered to a solar project,” according to Obama's Energy Secretary Steven Chu. The project near Blythe, Calif declared bankruptcy within a year. It is unclear how much of the guarantee, if any, was actually awarded.
VIDEO AT WEB SITE CBS News’ Sharyl Attkisson takes a look at 11 more Solyndras that were part of Obama’s Energy program.
Attkisson was one of the original reporters that uncovered the Solyndra scandal.
CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES’ subsidiary Eastern Energy and Solyndra. According to CBS News, Beacon Power, a “green energy storage company,” received $43 million from the government. Standard and Poor’s had given the project a rating of “CCC-plus.”
(Video of Attkinson's hard-hitting expose at web site.) WEB SITE: http://epaabuse.com/4392/videos/oops-there-are-at-least-11-more-solyndra-scandals/
REFERENCE LINKS AT WEB SITE: 1.Major Obama Donor George Kaiser Discussed Solyndra Loan With White House
2.Video: Another Solar Scandal…Solyndra 2.0
3.Imperial President Refuses Subpoena For Solyndra Documents
4. Obama Administration Considered Bailout For Solar Panel Company Before Bankruptcy
5.How About Asking These Questions About Obama’s Solyndra Scam?
The suspicion is that large sums of federal bailout cash recycled back to Obama for his 2012 Campaign.
Follow Ohaha's trillion dollar bailouts back to the banks, since they get billions practically for nothing, then to the media, then to the politicians, then to the special projects....all of which gratefully contribute to pocket-ready politicians that gave it out.
This is the formula the Ohahas figure will lock them in place in perpetuity.
(1) the trillions dollar stimulus---which failed.
(2) the healthcare mandate---which could soon be kaputski or partially disemboweled.
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Obama revealad his hidden agenda in Russia on the open mic; He didnt say "after the election, or “after the next election.” He said: “This is my last election" ....... reassuring the Ruskis that he'll then have "more flexibility after the election....”
Clearly his certainty WRT staying in offce is not based on his approval ratings or massive opposition to his cockamamie polices----mandated healthcare, trilllion dollar stimulus, using aborted babies' brains in lab experiments, giving himself massive power over Americans, co-opting religious beliefs, high gas prices......to name a few.
No. Ohaha's certainty stems from his knowledge that he will stay in office---not by the will of the people---but by buying his reelection, using unprecedented vote fraud.
Maybe he can find a new job as an “investment” counselor.
Can someone answer this question:
If a company takes out a loan that is guaranteed by the federal government, and then the company goes bankrupt, is the federal government on the hook for paying off the loan? Or does it depend on the covenants of the loan guarantee?
In the case of the Obama loans to these firms, the taxpayers are unsecured creditors. The taxpayer makes the original lender(s) whole...including interest, and then assumes responsibility for the balance of the debt including the cost of the dissolution of the firms assets.
I’ll bet fraud is rampant this year.
You’ve left out his foreign policy goals which he’s achieved spectacularly: diminishing the role and stature of America in the world and installing Muslim radicals.
The nominee better emphasize the above. We cannot have more of this.
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