$535 million stimulus enriched solar panel mfgr goes bankrupt

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FBI agents search Solyndra's Fremont headquarters


Federal agents searched Solyndra's Fremont headquarters Thursday, just days after the high-profile solar manufacturer filed for bankruptcy protection and a week before its top executives are expected to testify before Congress.

The surprise raid is believed to be related to Solyndra's controversial $535 million loan guarantee from the U.S. Department of Energy and comes amid heightened scrutiny from Washington lawmakers who want to know how a company that was once President Obama's poster child for clean technology imploded so quickly.

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More than a half a billion dollars, gone in a flash with no accountability... how much of it is going towards Omama's reelection bid?

I know... that's so racist of me to suggest such a thing. :shy:
 
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More than a half a billion dollars, gone in a flash with no accountability... how much of it is going towards Omama's reelection bid?

I know... that's so racist of me to suggest such a thing. :shy:

By your logic, the 9 billion lost in Iraq went into Bush's re-election.

Not racist ofcourse but paranoid.
 
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More than a half a billion dollars, gone in a flash with no accountability... how much of it is going towards Omama's reelection bid?

re: 'no account.."

Why is the FBI knocking on their doors then? Seems like the system worked.

'No account'....would be Cheney's old outfit bilking and cheating yOUR g'ment (and the UN:2 cents:) out of (B)illions....and getting away with it....:brick::brick:
 
Basically the entire stimulus failed. Gov't should not decide how a company spends the stimulus.......the company/people/agency know best how to spend it.
 
Basically the entire stimulus failed. Gov't should not decide how a company spends the stimulus.......
They don't. The g'ment made available funds for certain endeavors. No business was forced to engage in those business ventures at the prodding of the g'ment and they were free to make good on deliverables as they saw fit.
the company/people/agency know best how to spend it.

:surprise: If this is true...wtf caused their bankruptcy, this story and the accompanying thread??:1orglaugh
 

Will E Worm

Conspiracy...
That money went into people's pockets. ;)

I wouldn't mind having some solar power. Free power is always good.


The Tesla energy program. :D
 

meesterperfect

Hiliary 2020
Basically the entire stimulus failed. Gov't should not decide how a company spends the stimulus.......the company/people/agency know best how to spend it.

Ron Paul said that with all the money spent on the stimulus that every person in america could have recieved a check for $17,000.

Now that would have gave you some stimulus.

That whole thing was just an excuse to rip off the people more.
sell out the country.
If they really want to stimulate the economy how about no federal taxes for a year to those who pay it?
Again, major stimuli.
 
Ron Paul said that with all the money spent on the stimulus that every person in america could have recieved a check for $17,000.

Now that would have gave you some stimulus.
Except..all the wealth comes from the 'haves' therefore your model (err Paul's) wouldn't work ..ideologically.:rolleyes:
That whole thing was just an excuse to rip off the people more.
sell out the country.
If they really want to stimulate the economy how about no federal taxes for a year to those who pay it?
Again, major stimuli.

No federal taxes for a year? Nice. But where from comes the $$ to pay for the operation that just took out OBL then (for example).

BTW, how exactly were you (assuming you're including yourself in the groupo who got ripped) ripped off in this?

In your theory on this, the taxpayer got ripped off presumably by the g'ment for making available money for tax credits, business investment, projects, etc.....However, no hue and cry over us going to Iraq to get WMD at a cost of a trillion but not finding anything but Saddam, Uday and Qusay...:1orglaugh
 
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While were on the subject of Ron Paul the most amusing story of him, sadly amusing and ironic unfortunately, is when it was discovered that his own campaign manager died in debt to the tune of $400,000 from medical bills which of course good ol Ron didn't give him health insurance while working for him, when he got some illness. Of course I'm sure that debt was put on his worker's family which were probably broke and in trouble at that time.

Keep in mind this is his campaign manager no less, not some low guy that was in his campaign.

I wonder, as a doctor that has taken a pledge of ethics to be in his profession, what Ron Paul thought of that. It was kept pretty quiet. I guess that's the insane economic policy of libertarians though. I hope Paul just doesn't expect people to donate to people like that to be some sort of viable answer.

A old FreeOnes member no longer here, McRocket, said it best about them, better than anything I have come up with, that they should really just name their party what it is really is, the Every Man for Himself Party.
 
C

cindy CD/TV

Guest
$535 million stimulus enriched solar panel mfgr goes bankrupt

*Big hug for Hot Mega*

Let me be clear: I'm not taking sides in a political debate here. I'm just stating my own humble opinion based on news I've seen/read and drawing my own conclusions. So there's no need to unleash the attack hounds, my liberal friends. I'm not looking for a fight. :angels:

It was just a matter of time for that company to fail. And others will follow, I suspect. :2 cents: You can build all the solar panels and wind turbines you want, but there will NEVER be enough to even meet a fraction of the world's energy needs. As a country, America should focus on its own fossil fuel resources (and thus be less dependent on other countries) in the short-term and combine them with the paltry output of so-called green energy resources. In the decades to come, as we exhaust oil, coal and natural gas, we need to accept the simple reality that nuke power is the only thing that's going to maintain civilization as we know it -- unless the eggheads in the labs figure out how to harness the power of nuclear fusion. The cynical side of me strongly suspects we might've had that tech breakthru already except for one problem: A simple, clean, infinitely renewable energy source is not very profitable. It's the same way with cars. We have the know-how to build a nearly crash-proof, cheap automobile with massively efficient gas mileage that will last for 300,000 miles or more. But where's the profit for automakers to produce a car that will last for years and not need spare parts? They want people buying new cars every 3-4 years and get "regular" maintenance using company-approved parts.
 
$535 million stimulus enriched solar panel mfgr goes bankrupt

*Big hug for Hot Mega*

Let me be clear: I'm not taking sides in a political debate here. I'm just stating my own humble opinion based on news I've seen/read and drawing my own conclusions. So there's no need to unleash the attack hounds, my liberal friends. I'm not looking for a fight. :angels:

It was just a matter of time for that company to fail. And others will follow, I suspect. :2 cents: You can build all the solar panels and wind turbines you want, but there will NEVER be enough to even meet a fraction of the world's energy needs. As a country, America should focus on its own fossil fuel resources (and thus be less dependent on other countries) in the short-term and combine them with the paltry output of so-called green energy resources. In the decades to come, as we exhaust oil, coal and natural gas, we need to accept the simple reality that nuke power is the only thing that's going to maintain civilization as we know it -- unless the eggheads in the labs figure out how to harness the power of nuclear fusion. The cynical side of me strongly suspects we might've had that tech breakthru already except for one problem: A simple, clean, infinitely renewable energy source is not very profitable. It's the same way with cars. We have the know-how to build a nearly crash-proof, cheap automobile with massively efficient gas mileage that will last for 300,000 miles or more. But where's the profit for automakers to produce a car that will last for years and not need spare parts? They want people buying new cars every 3-4 years and get "regular" maintenance using company-approved parts.

There are practical applications of solar and other renewable sources of energy around you (US) everywhere.

A company mismanaging their funding, management, business model, etc., etc., etc., bears no reflection on the present or future of solar (in this case) no more than Circuit City going bankrupt bears reflection on the present or future of the retail electronics business or a bankrupt auto manufacturer bearing reflection on the prospects of the automobile.:2 cents:

Making a huh-bub about this story in the context of solar power or even the stimulus is like making a dire prediction on the automobile because Chrysler risked going out of business but was bailed out in '79.

I don't know what was at the root of this outfit's problems...I haven't cared enough to read it because to me it's just another company who filed for bankruptcy (protection).
 
$535 million stimulus enriched solar panel mfgr goes bankrupt

*Big hug for Hot Mega*

Let me be clear: I'm not taking sides in a political debate here. I'm just stating my own humble opinion based on news I've seen/read and drawing my own conclusions. So there's no need to unleash the attack hounds, my liberal friends. I'm not looking for a fight. :angels:

It was just a matter of time for that company to fail. And others will follow, I suspect. :2 cents: You can build all the solar panels and wind turbines you want, but there will NEVER be enough to even meet a fraction of the world's energy needs. As a country, America should focus on its own fossil fuel resources (and thus be less dependent on other countries) in the short-term and combine them with the paltry output of so-called green energy resources. In the decades to come, as we exhaust oil, coal and natural gas, we need to accept the simple reality that nuke power is the only thing that's going to maintain civilization as we know it -- unless the eggheads in the labs figure out how to harness the power of nuclear fusion. The cynical side of me strongly suspects we might've had that tech breakthru already except for one problem: A simple, clean, infinitely renewable energy source is not very profitable. It's the same way with cars. We have the know-how to build a nearly crash-proof, cheap automobile with massively efficient gas mileage that will last for 300,000 miles or more. But where's the profit for automakers to produce a car that will last for years and not need spare parts? They want people buying new cars every 3-4 years and get "regular" maintenance using company-approved parts.

2201e0.jpg
 
accountability a la Enron? will we never fucking learn !
 
If an idea is doeable and profitable, it will be done WITHOUT any help from the gubment. Period.

And the people that gave this company money from DOE should all go to jail along with the company "leaders."

As for fossil fuels, I don't think ANY subsidies are a good idea, and I agree that oil companies shouldn't get a freakin dime of my tax dollars. :2 cents:
 
If an idea is doeable and profitable, it will be done WITHOUT any help from the gubment. Period.
That is merely true not utterly true. For example, defense contractors rely heavily (if not exclusively in most cases) on the 'gubment' to produce products that are wildly impractical if it were just a matter of economics. The g'ment(s) create a marketplace for their products and they fund them.

But that's beside the point of this circumstance involving the stimulus and solar
It's perfectly okay IMO for the g'ment to encourage technological entrepreneurship through financial incentives....after all, our g'ment has been doing it for decades in the form of SBIR grants (for example).
 
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