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World’s Largest Green Energy Company Is Facing Bankruptcy
The Daily Caller ^ | March 29, 2016 | Michael Bastach

Posted on 03/30/2016 9:20:40 AM PDT by Twotone

SunEdison, which bills itself as the world’s largest green energy company, may soon file for bankruptcy protection, according to a recent Securities and Exchange Commission filing, as the company faces “liquidity difficulties” despite getting millions in government subsidies.

(Excerpt) Read more at thegwpf.com ...


TOPICS: Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: bankruptcy; energy; green; greenfraud; greenscam; sunedison
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$650 million in taxpayer dollars down the tube.
1 posted on 03/30/2016 9:20:40 AM PDT by Twotone
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To: Twotone

These guys cannot even survive on government welfare. I guess they haven’t learned the value of not milking the cow until you kill it.


2 posted on 03/30/2016 9:22:38 AM PDT by refreshed
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To: Twotone

“Another one bites the dust.”


3 posted on 03/30/2016 9:23:29 AM PDT by FlingWingFlyer (America is not a dump, sewer or "refugee" camp. It's my home.)
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To: Twotone

...another Odungo failure


4 posted on 03/30/2016 9:23:32 AM PDT by Doogle (( USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Twotone

YES. I love it when crony capitalists fail. It embarrasses them, politicians, and asinine governments involved.

Its like I LOVE how Venezuela is turning prehistoric in real-time.

It shows there ARE consequences.


5 posted on 03/30/2016 9:29:21 AM PDT by PGR88
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To: Twotone

I think GE is bigger and they’ve made some 20,000 wind turbines worth over 20 billion dollars.


6 posted on 03/30/2016 9:30:27 AM PDT by DungeonMaster (the devil walks about like a roaring lion, seeking whom he may devour.)
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To: Twotone

Probable the “green” jobs will be lost as vendors are not paid. Likely that the equipment fabricated will be auctioned for an ‘nth’ of what it cost...or sold for scrap. And what if the real estate that will languish.

The repercussions are yuge. But some will have done quite well as the political contributions groomed from the winners is funneled back to the officials who allowed the project to happen and sold it to...ahem...’the people’. HA!

Who has to vote themselves a payraise?


7 posted on 03/30/2016 9:31:37 AM PDT by dasboot
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To: refreshed

These guys cannot even survive on government welfare. I guess they haven’t learned the value of not milking the cow

Oh, they milked the cow. I bet they had lavish paychecks and lifestyles while it lasted. A few fast million thrown into your personal investments....hummmmmm.


8 posted on 03/30/2016 9:32:20 AM PDT by Bitsy
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To: Twotone
$650 million in taxpayer dollars down the tube.

And no one will be held accountable.

9 posted on 03/30/2016 9:33:38 AM PDT by johniegrad
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To: refreshed
Do they ALL go bankrupt after their government loans run dry?

Government subsidies make no sense for emerging technologies. If they had any promise, the private sector would fund them, and expect them to produce effective technologies.

10 posted on 03/30/2016 9:35:06 AM PDT by grania
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To: Twotone
“$650 million in taxpayer dollars down the tube.”

No.

Millions of taxpayer dollars paid to politically connected, corrupt thieves.

Look at the Solyndra model.

11 posted on 03/30/2016 9:35:07 AM PDT by detective
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To: detective

The Chicago Mob comes to DC and delivers as expected.

(with a fully supportive media, why not?)


12 posted on 03/30/2016 9:36:36 AM PDT by nascarnation
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To: Twotone

I’ll beet a lot of that $650 million went to generous bonuses for the higher ups in the corporation.


13 posted on 03/30/2016 9:41:49 AM PDT by Blood of Tyrants (Liberals are the Taliban of America, trying to tear down any symbol that they don't like.)
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To: Twotone
"Green Energy", whatever that entails, is not REAL until it can survive and grow economically without government subsidies.

14 posted on 03/30/2016 9:43:36 AM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: Blood of Tyrants

The smart money insiders sold out when the stock was 30 a share. It is now .4.


15 posted on 03/30/2016 9:47:07 AM PDT by Oldexpat
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To: Twotone

How many millions of tax payer dollars are they taking down with them?

AND how much in ‘kickbacks’ did the creeps pay in ‘speeches’ for our corrupt Congress people?

Hey you idiots at the Washington Post... check it out... how much did these people “DONATE” in all forms to Democrats in Congress.

What the rest of us call BRIBES.


16 posted on 03/30/2016 9:47:39 AM PDT by GOPJ ("We have the fight of our lives coming up to save our nation!" ~ Jim Robinson)
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To: Twotone

Stock was over $30/share in July 2015.

Today is trading at around $0.60/share.

Zacks story on SUNE mentions “misappropriations of certain accounting practices” as being the reason why the company is seeking permission from the SEC to delay filing of its 10-K form.


17 posted on 03/30/2016 9:50:24 AM PDT by Steely Tom (Vote GOP: A Slower Handbasket)
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To: Twotone

Stuff you don’t hear about in the mainstream press. Especially how much Obama threw down the toilet to fund it with our money.


18 posted on 03/30/2016 9:53:25 AM PDT by Cicero (Marcus Tullius)
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To: Twotone

Check out their “Wharton School Camel Jockey President’s” compensation:

http://www1.salary.com/Ahmad-Chatila-Salary-Bonus-Stock-Options-for-SUNEDISON-INC.html

Isn’t all this “immigration and diversity” great! Come to the USA, get an education, and screw your newfound country to the tune of a $billion!


19 posted on 03/30/2016 9:57:33 AM PDT by vette6387 (Obama can go to hell!)
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To: Cicero

The politicians got there kickbacks they could care less

The Federal Government is the new Mafia


20 posted on 03/30/2016 9:59:46 AM PDT by Hojczyk
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