Skip to comments.Another Stimulus Backed ‘Green Energy’ Company Goes Bankrupt ( Pat Stryker mentioned )
Posted on 07/02/2012 6:29:29 PM PDT by george76
Another stimulus-backed green energy company has filed for bankruptcy, further fueling criticism of Energy Department programs that backed highly-risky investments on the taxpayer dime. Like Solyndra and a number of other green energy investments made under this administration, Abound Solar had a very poor credit rating, but enjoyed a wealth of political connections.
Abound had to remove an entire rooftop of defective solar panels from the headquarters of one of its top investors, Bohemian Companies, a venture capital firm owned by Pat Stryker.
Stryker is particularly noteworthy, given her extensive ties to Democratic causes and politicians, including President Obama. Like so many beneficiaries of the green energy portions of the stimulus, Abound enjoyed significant political clout.
Stryker made Forbess 2011 list of the countrys top liberal political spenders. She donated $50,000 to Obamas 2008 campaign, and bundled another $87,000 for him... She also gave $37,000 to the Obama Victory Fund...
Stryker is particularly active in Colorado politics, where she helped bring about a Democratic revival, according to New York Times reporter Matt Bai.
(Excerpt) Read more at blog.heritage.org ...
I had a friend that spent a small fortune on solar panels.
They lasted about 5 years.
Pat Stryker anything to do with Stryker Corp? Makes medical stuff. I own stock.
She and a sibling inherited the Stryker Corp fortune when her father, founder of Stryker Corp, died. She is a typical rich liberal and bundler for obumber. It stinks to high heaven, but we all know anything is legal when you are a rich liberal and bundler for obumber.
It would be interesting to know how much tax payer money wound up in democratic coffers as a result of government financing of these companies.
More subsidized failure brought to you courtesy of the Energy Dept. Shut them down! Tax payer money is not toilet paper.
Jon Stryker owns 7.8% of the companys stock and Patricia Stryker owns 6.6%, according to the Stryker Corp. There also are shares in the Stryker Family Trust, in which Patricia and Jon Stryker are two of five trustees.
“after drawing $70 million for a $400 million Energy Department loan made through President Obamas stimulus package”
Listen for the dog that doesn’t bark. I saw this on Fox this AM. Bloomberg, MSNBC, anbd CNN seemed to miss this story.