Solar company Obama touted--& loaned 535 MILLION guaranteed loan announces bankruptcy

[saveliberty]

...I see this as an Obama case for why MORE money should have been handed out.

 

[LibocalypseNow]

I really would like to know how many of this Company's founders were Obama Campaign donors. I'm pretty sure they all were. This does need to be fully investigated. A crime was committed against the American Taxpayers.

 

[Wicked Jester]

Says it offered them the loan. Where does it say they took it?

1000 employees--say's a business needs a lot of capital--a low interest Guaranteed loan was more than likely taken--or why would they even mention it in the article. You'll note the republican response in the last paragraph-- indicating it was taken.

So we know it was actually taken just because the Republicans say so?

Yes, the loan was taken....Christ, it's been all over the news...Well, at least by news org's that aren't trying to cover for Obama's inept ass.

www.bloomberg.com/news/2011-08-31/s...ankruptcy-mulls-sale-and-licensing-deals.html

 

[syrenn]

1000 employees--say's a business needs a lot of capital--a low interest Guaranteed loan was more than likely taken--or why would they even mention it in the article. You'll note the republican response in the last paragraph-- indicating it was taken.

So we know it was actually taken just because the Republicans say so?

Yes, the loan was taken....Christ, it's been all over the news...Well, at least by news org's that aren't trying to cover for Obama's inept ass.

Solyndra, Solar-Panel Company Visited by Obama in 2010, Suspends Operation - Bloomberg

If they wanted to stimulate the economy and have solar energy the waive of the future...

the idiots should have used that money as a rebate.....

people buy the solar...and get a nice fat government rebate to off set the cost
green energy is produced
the companies have business
workers are hired and paid
the industry grows with the demand


fucking bunch of idiots.

 

[Wicked Jester]

So we know it was actually taken just because the Republicans say so?

Yes, the loan was taken....Christ, it's been all over the news...Well, at least by news org's that aren't trying to cover for Obama's inept ass.

Solyndra, Solar-Panel Company Visited by Obama in 2010, Suspends Operation - Bloomberg

If they wanted to stimulate the economy and have solar energy the waive of the future...

the idiots should have used that money as a rebate.....

people buy the solar...and get a nice fat government rebate to off set the cost
green energy is produced
the companies have business
workers are hired and paid
the industry grows with the demand


fucking bunch of idiots.

It begs the question, was this sham company fully vetted by anyone in the administration before Obama took his inept ass to the company, and before the monies were guaranteed?

This whole thing stinks to high heaven, and needs to be investigated all the way to Obama's oval office.

 

[Vast LWC]

China and everyone else subsidizes their green industry, but pubs will only help Big Oil. Brilliant!! Morons...

That's what America needs, to be more like China!

idjit

Apparently, if it wants to succeed economically, it does. At least as far as economic practices go.

It seems having some socialistic practices mixed with your capitalistic practices actually works. Who'd a thunk it?

But idealogues, like yourself, generally don't give a shit what works. You just insult anyone who disagrees with you.

 

[saveliberty]

Despite strong growth in the first half of 2011 and traction in North America with a number of orders for very large commercial rooftops, Solyndra could not achieve full-scale operations rapidly enough to compete in the near term with the resources of larger foreign manufacturers. This competitive challenge was exacerbated by a global oversupply of solar panels and a severe compression of prices that in part resulted from uncertainty in governmental incentive programs in Europe and the decline in credit markets that finance solar systems.

“Regulatory and policy uncertainties in recent months created significant near-term excess supply and price erosion. Raising incremental capital in this environment was not possible. This was an unexpected outcome and is most unfortunate.”

Solyndra Suspends Operations to Evaluate Reorganization Options | Solyndra

 

[OohPooPahDoo]

1000 employees--say's a business needs a lot of capital--a low interest Guaranteed loan was more than likely taken--or why would they even mention it in the article. You'll note the republican response in the last paragraph-- indicating it was taken.

So we know it was actually taken just because the Republicans say so?

Yes, the loan was taken....Christ, it's been all over the news...Well, at least by news org's that aren't trying to cover for Obama's inept ass.

Solyndra, Solar-Panel Company Visited by Obama in 2010, Suspends Operation - Bloomberg

Solyndra Inc., a maker of solar modules that received a $535 million loan guarantee from the U.S. Energy Department, suspended operations and plans to file for bankruptcy, saying it couldn’t compete with larger rivals.

Says they got a loan guarantee, not a loan.

Not every investment in start-up companies is expected to pay off, Dan Leistikow, director of the Energy Department’s Office of Public Affairs, said today in an article on the agency’s website. “The changing economics have affected a number of solar manufacturers in recent months, including unfortunately, Solyndra,” he said. “We have always recognized that not every one of the innovative companies supported by our loans and loan guarantees would succeed.”

Wow. OK. So this isn't really news then, is it?

 

[saveliberty]

So we know it was actually taken just because the Republicans say so?

Yes, the loan was taken....Christ, it's been all over the news...Well, at least by news org's that aren't trying to cover for Obama's inept ass.

Solyndra, Solar-Panel Company Visited by Obama in 2010, Suspends Operation - Bloomberg

Solyndra Inc., a maker of solar modules that received a $535 million loan guarantee from the U.S. Energy Department, suspended operations and plans to file for bankruptcy, saying it couldn’t compete with larger rivals.

Says they got a loan guarantee, not a loan.

Not every investment in start-up companies is expected to pay off, Dan Leistikow, director of the Energy Department’s Office of Public Affairs, said today in an article on the agency’s website. “The changing economics have affected a number of solar manufacturers in recent months, including unfortunately, Solyndra,” he said. “We have always recognized that not every one of the innovative companies supported by our loans and loan guarantees would succeed.”

Wow. OK. So this isn't really news then, is it?

I guess if you think $535 million isn't a big deal it might not be news.

Much like the housing crisis, a lack of proper vetting resulted in a failed loan. One that a good commerical loan officer would have found larger competitors making it very difficult to compete.

 

[OohPooPahDoo]

Yes, the loan was taken....Christ, it's been all over the news...Well, at least by news org's that aren't trying to cover for Obama's inept ass.

Solyndra, Solar-Panel Company Visited by Obama in 2010, Suspends Operation - Bloomberg

Says they got a loan guarantee, not a loan.

Not every investment in start-up companies is expected to pay off, Dan Leistikow, director of the Energy Department’s Office of Public Affairs, said today in an article on the agency’s website. “The changing economics have affected a number of solar manufacturers in recent months, including unfortunately, Solyndra,” he said. “We have always recognized that not every one of the innovative companies supported by our loans and loan guarantees would succeed.”

Wow. OK. So this isn't really news then, is it?

I guess if you think $535 million isn't a big deal it might not be news.

Much like the housing crisis, a lack of proper vetting resulted in a failed loan. One that a good commerical loan officer would have found larger competitors making it very difficult to compete.

535 mil really isn't that much when you consider the Republicans told us the 700 billion we could get from rescinding the Bush tax cuts for the rich isn't much.

 

[saveliberty]

Says they got a loan guarantee, not a loan.


Wow. OK. So this isn't really news then, is it?

I guess if you think $535 million isn't a big deal it might not be news.

Much like the housing crisis, a lack of proper vetting resulted in a failed loan. One that a good commerical loan officer would have found larger competitors making it very difficult to compete.

535 mil really isn't that much when you consider the Republicans told us the 700 billion we could get from rescinding the Bush tax cuts for the rich isn't much.

Link please. I think they said it was unfair to tax them more and more importantly, might inhibit job growth. Probably why Obama is going to suggest a business tax cut to those who add jobs in small businesses Thursday night.

 

[OohPooPahDoo]

I guess if you think $535 million isn't a big deal it might not be news.

Much like the housing crisis, a lack of proper vetting resulted in a failed loan. One that a good commerical loan officer would have found larger competitors making it very difficult to compete.

535 mil really isn't that much when you consider the Republicans told us the 700 billion we could get from rescinding the Bush tax cuts for the rich isn't much.

Link please. I think they said it was unfair to tax them more and more importantly, might inhibit job growth. Probably why Obama is going to suggest a business tax cut to those who add jobs in small businesses Thursday night.

World of Class Warfare - The Poor's Free Ride Is Over - The Daily Show with Jon Stewart - 08/18/11 - Video Clip | Comedy Central

 

[saveliberty]

535 mil really isn't that much when you consider the Republicans told us the 700 billion we could get from rescinding the Bush tax cuts for the rich isn't much.

Link please. I think they said it was unfair to tax them more and more importantly, might inhibit job growth. Probably why Obama is going to suggest a business tax cut to those who add jobs in small businesses Thursday night.

World of Class Warfare - The Poor's Free Ride Is Over - The Daily Show with Jon Stewart - 08/18/11 - Video Clip | Comedy Central

Taking things out of context for a comedy show is your idea of presenting facts? Okay.

What I stated above is far closer to reality.

 

[Wicked Jester]

So we know it was actually taken just because the Republicans say so?

Yes, the loan was taken....Christ, it's been all over the news...Well, at least by news org's that aren't trying to cover for Obama's inept ass.

Solyndra, Solar-Panel Company Visited by Obama in 2010, Suspends Operation - Bloomberg

Solyndra Inc., a maker of solar modules that received a $535 million loan guarantee from the U.S. Energy Department, suspended operations and plans to file for bankruptcy, saying it couldn’t compete with larger rivals.

Says they got a loan guarantee, not a loan.

Not every investment in start-up companies is expected to pay off, Dan Leistikow, director of the Energy Department’s Office of Public Affairs, said today in an article on the agency’s website. “The changing economics have affected a number of solar manufacturers in recent months, including unfortunately, Solyndra,” he said. “We have always recognized that not every one of the innovative companies supported by our loans and loan guarantees would succeed.”

Wow. OK. So this isn't really news then, is it?

Christ, no wonder you had to start a thread last week asking what to do about a lousy $600 inspection fee......LMAO!

The guarantee is the government backing the loan. The company filed bankruptcy. It's a government backed loan, meaning that the government is now obligated to pay that loan...Government backed loans must be paid back to the loan issuer....Bankruptcy will not wipe out a backed debt......So, we taxpayers are now obligated to pay a loan for a private company run by Obama's cronies.......It stinks of flat out corruption, if that company was not vetted properly before backing the loan......And obvioulsy, it wasn't properly vetted, seeing as though it filed for bankruptcy shortly after receiving the guarantee, and subsequent loan.

An investigation is definitely warranted, straight to Obama himself.

 

[The T]

Yes, the loan was taken....Christ, it's been all over the news...Well, at least by news org's that aren't trying to cover for Obama's inept ass.

Solyndra, Solar-Panel Company Visited by Obama in 2010, Suspends Operation - Bloomberg

Says they got a loan guarantee, not a loan.

Not every investment in start-up companies is expected to pay off, Dan Leistikow, director of the Energy Department’s Office of Public Affairs, said today in an article on the agency’s website. “The changing economics have affected a number of solar manufacturers in recent months, including unfortunately, Solyndra,” he said. “We have always recognized that not every one of the innovative companies supported by our loans and loan guarantees would succeed.”

Wow. OK. So this isn't really news then, is it?

Christ, no wonder you had to start a thread last week asking what to do about a lousy $600 inspection fee......LMAO!

The guarantee is the government backing the loan. The company filed bankruptcy. It's a government backed loan, meaning that the government is now obligated to pay that loan...Government backed loans must be paid back to the loan issuer....Bankruptcy will not wipe out a backed debt......So, we taxpayers are now obligated to pay a loan for a private company run by Obama's cronies.......It stinks of flat out corruption, if that company was not vetted properly before backing the loan......And obvioulsy, it wasn't properly vetted, seeing as though it filed for bankruptcy shortly after receiving teh guarantee.

An investigation is definitely warranted, straight to Obama himself.

Gubmint has no business loaning anyone anything. We are broke. They need to get thier jackboots OFF the private sector's necks and let the private sector TCB.

 

[Wicked Jester]

Says they got a loan guarantee, not a loan.


Wow. OK. So this isn't really news then, is it?

Christ, no wonder you had to start a thread last week asking what to do about a lousy $600 inspection fee......LMAO!

The guarantee is the government backing the loan. The company filed bankruptcy. It's a government backed loan, meaning that the government is now obligated to pay that loan...Government backed loans must be paid back to the loan issuer....Bankruptcy will not wipe out a backed debt......So, we taxpayers are now obligated to pay a loan for a private company run by Obama's cronies.......It stinks of flat out corruption, if that company was not vetted properly before backing the loan......And obviously, it wasn't properly vetted, seeing as though it filed for bankruptcy shortly after receiving the government guaranteed loan.

An investigation is definitely warranted, straight to Obama himself.

Gubmint has no business loaning anyone anything. We are broke. They need to get thier jackboots OFF the private sector's necks and let the private sector TCB.

Absolutely T!......If a private company can't function without the government backing their finances, then the company should fold, PERIOD!

We're talking over a half billion dollars of taxpayers money pissed straight down the damn toilet....And from what i've been reading and hearing about this company, they don't seem to have the future business to warrant reorganization. It's going to fold, period.

 

[Zander]

This company failed for one reason and one reason only...RACISM!!!

 

[The T]

This company failed for one reason and one reason only...RACISM!!!

 

[The T]

Christ, no wonder you had to start a thread last week asking what to do about a lousy $600 inspection fee......LMAO!

The guarantee is the government backing the loan. The company filed bankruptcy. It's a government backed loan, meaning that the government is now obligated to pay that loan...Government backed loans must be paid back to the loan issuer....Bankruptcy will not wipe out a backed debt......So, we taxpayers are now obligated to pay a loan for a private company run by Obama's cronies.......It stinks of flat out corruption, if that company was not vetted properly before backing the loan......And obviously, it wasn't properly vetted, seeing as though it filed for bankruptcy shortly after receiving the government guaranteed loan.

An investigation is definitely warranted, straight to Obama himself.

Gubmint has no business loaning anyone anything. We are broke. They need to get thier jackboots OFF the private sector's necks and let the private sector TCB.

Absolutely T!......If a private company can't function without the government backing their finances, then the company should fold, PERIOD!

We're talking over a half billion dollars of taxpayers money pissed straight down the damn toilet....And from what i've been reading and hearing about this company, they don't seem to have the future business to warrant reorganization. It's going to fold, period.

Maybe Obama can foist a plan to buy it like TARP...and like Government Motors? We can Have Government Solar?

 

[Wicked Jester]

Gubmint has no business loaning anyone anything. We are broke. They need to get thier jackboots OFF the private sector's necks and let the private sector TCB.

Absolutely T!......If a private company can't function without the government backing their finances, then the company should fold, PERIOD!

We're talking over a half billion dollars of taxpayers money pissed straight down the damn toilet....And from what i've been reading and hearing about this company, they don't seem to have the future business to warrant reorganization. It's going to fold, period.

Maybe Obama can foist a plan to buy it like TARP...and like Government Motors? We can Have Government Solar?

HEY!.......don't give that inept asshole any ideas, dammit!

But then, i'm sure the idea is already running through his full proven, economically illiterate mind.