OBAMA--says no regrets over losing 535 MILLION dollars over Solyndra!

By that logic, a couple hundred murders a day should be OK as long as it doesn't exceed the number of births.

Now the question here is, are you really stupid enough to believe what you just wrote, so that I should take the time to explain the difference between expected losses in a lending program and murder? Or are you a troll?

I think I'll assume "troll" and save myself the bother.
 
Rules to follow to make a happy Little Lib!

Rule #1 Spend,Spend,Spend....
Rule #2 Spend someone else's money...
Rule #3 When it's gone raise taxes on the evil rich bastards that have money.
Repeat Rule #1...


no kidding--:clap2:
 
By that logic, a couple hundred murders a day should be OK as long as it doesn't exceed the number of births.

Now the question here is, are you really stupid enough to believe what you just wrote, so that I should take the time to explain the difference between expected losses in a lending program and murder? Or are you a troll?

I think I'll assume "troll" and save myself the bother.

Your right....this particuliar loan was an expected loss, with the financial problems that this company had, no lending institutions would have lent the money on the company's own merit. There is no doubt in my mind that this was a pay back for campaign contributions.
 
By that logic, a couple hundred murders a day should be OK as long as it doesn't exceed the number of births.

Now the question here is, are you really stupid enough to believe what you just wrote, so that I should take the time to explain the difference between expected losses in a lending program and murder? Or are you a troll?

I think I'll assume "troll" and save myself the bother.

I used an absurd analogy to attempt to get through your very thick skull. This whole solyndra deal stinks. The 535 million IS pretty trivial in the scope of the whole program, but the fraud involved is going to end up in the courts and will probably end the careers of holder and Chu and erase any remote possibility that your messiah will be reelected. Troll.
 
By that logic, a couple hundred murders a day should be OK as long as it doesn't exceed the number of births.

Now the question here is, are you really stupid enough to believe what you just wrote, so that I should take the time to explain the difference between expected losses in a lending program and murder? Or are you a troll?

I think I'll assume "troll" and save myself the bother.

Your right....this particuliar loan was an expected loss, with the financial problems that this company had, no lending institutions would have lent the money on the company's own merit. There is no doubt in my mind that this was a pay back for campaign contributions.
With the small exception that when this shit happens in The World, the perps end up at the Graybar Hotel for fraud and money laundering....But in gubmint -particularly when one of the perps in question is a high standing official with a (D) by their name- it's called "expected losses".

Can't even imagine the howling and screeching had this been Cheney.
 
By that logic, a couple hundred murders a day should be OK as long as it doesn't exceed the number of births.

Now the question here is, are you really stupid enough to believe what you just wrote, so that I should take the time to explain the difference between expected losses in a lending program and murder? Or are you a troll?

I think I'll assume "troll" and save myself the bother.

I used an absurd analogy to attempt to get through your very thick skull. This whole solyndra deal stinks. The 535 million IS pretty trivial in the scope of the whole program, but the fraud involved is going to end up in the courts and will probably end the careers of holder and Chu and erase any remote possibility that your messiah will be reelected. Troll.
if a skull is solid bone... is it really "thick" anymore?
 
Look, another fake outrage thread. The typical cast of whiners too who only see what they want to see.

Why do you assume its "fake?"

You forget November 2010 already?

It hasn't been a year!

Because people focus on the less then 1% that this money represented out of the entire amount. But no mention of how the other 99% is performing. Show me that this is a bigger problem than that 1% and maybe you'd have a valid point.

$535 Million / $40 Billion = 1.34% It's not "less than 1%," it's OVER 1%. Using dishonest adjectives merely undercuts your point.

Rolling the Solyndra fraud into a much broader program for the purpose of analyzing the investment risk is only valid by comparing similar investments in the same sector. Therefore, analyzing investments under DOE Program 1705 is the true comparison. This program has closed $14.5 Billion in loans to date according to the DOE. The brings the failure rate of this program to 3.68%

Additionally, DOE Program 1705 has investments in Solar Generation, Geothermal, Wind Generation, Solar Manufacturing, Transmission, Biofuel, and Battery Storage. Solyndra was a Solar Manufacturing company. $1.282 Billion in loan guarantees were made for Solar Manufacturing, so the Solyndra collapse represents a failure rate of 41.73%.

Another point for analysis is the timeline of the loans. Of DOE Program 1705 loans made, Solyndra was the first, and the only one made in 2009. Consequently, it's the first one to have gone bad. That's a 100% failure rate of this program for 2009. No 2010 investments have generated any profit and it's still too early to tell if the 2011 investments are successful.

Finally, look at the process used to evaluate these investments. Solyndra was politically connected, projected to fail, rejected for other loans, but was given money anyway. Abound Solar is another politically connected Solar Manufacturing company that has also experienced financial trouble. In 2009 it was being hyped as an IPO candidate. It failed to deliver results to the investors, but somehow got $400 Million in loans over a year later. How anyone cannot see this information as a terrible harbinger for future results is beyond me. There certainly isn't any success that can be claimed.
 
HA!

E-mails released this week as part of a congressional investigation into Solyndra's loan guarantee said officials from the Office of Management and Budget worried the second guarantee request was imminent.

"I've been told we should expect to see that project soon for conditional commitment," a budget office official wrote in an April 8, 2010, e-mail.

Another official said in an e-mail: "Possible to close and default on one before closing on a second??? Could be a record."



Read more: Solyndra Sought Second Guarantee a Week After Getting the First
 
President Obama Monday said he does not regret a half-billion dollar government loan

I guess he figures socialism works then? Who knew? Who needs the capital markets and the venture capital industry investing their own hard earned money and suffering the consequences for failure when BO and his airhead bureaucrats can make better investments with other people's money and suffer no consequences for failure.

Its a perfect example of the liberal IQ.
 
Former Obama fundraiser pushed for Solyndra loan

WASHINGTON — An Energy Department adviser and former fundraiser for President Barack Obama pushed for a California solar company to receive a half-billion federal loan, despite pledging to recuse himself because his wife's law firm represented the company, newly released emails show.

The emails show that Steve Spinner, a former Obama fundraiser who helped monitor a clean energy loan guarantee program, was more actively involved in a loan for Solyndra LLC than administration officials have acknowledged.

Also revealed in the emails: A top Treasury Department official complained that the Energy Department was keeping her agency in the dark about Solyndra's precarious financial situation.

The emails, released by the administration in response to congressional investigators, show that Spinner was actively involved in a planned September 2009 trip by Vice President Joe Biden to Solyndra's Fremont, Calif., headquarters for a groundbreaking ceremony. Biden did not go on the trip but spoke via satellite. Solyndra declared bankruptcy last month after receiving a $528 million federal loan.

In the emails, Spinner, who founded a sports fitness company, repeatedly pushed Energy Department and White House budget officials to ensure that the loan was finalized before Biden's planned trip. The loan closing was announced at the groundbreaking ceremony on Sept. 4, 2009.

Solyndra emails: Energy official advocated for loan - politics - More politics - msnbc.com
 
Sure, why should he care? Carnahan used his Solyndra money for an Obama Campaign fund raiser so Obama's ahead
 

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