Archive of posts tagged filing for bankruptcy

New Obama Green Energy Pet Goes Bankrupt – American Taxpayer Loses $118 Million

Ener1, an Obama-backed hybrid car battery company files for bankruptcy

Ener1, an Obama-backed hybrid car battery company files for bankruptcy

Yet, another Green Energy pet of the Obama administration, Ener1, who received $118 Million in government funding, is now filing for bankruptcy! SHOCKING!!!

Take this latest waste of our money by the Obama administration, and add it to the other Obama-backed companies who took millions of dollars of our money, only to turn right around and file for bankruptcy, and I bet that the total is nearing a trillion dollars of lost money.

You can easily see that the Obama administration either has their hands dirty, in the pot of our money, or they just have no clue how to run an economy. We think it’s probably some of both! Obama definitely has no clue how to run an economy, and Obama is also very famous for spreading our wealth to his friends, family, and supporters.

The parent company of an electric car battery maker that received more than $100 million in government funding from the Obama administration has filed for bankruptcy protection, the company announced Thursday.

Alex Sorokin, the

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Obama Admin Wanted to Bailout Solyndra Friends Just Before Bankruptcy

The Obama administration considered a government bailout for their friends at Solyndra, just days before the failed solar company filed for bankruptcy, and well after the Obama administration knew the company was in an unrecoverable tailspin.

That’s the Obama administration in a nutshell. They knew that they had just wasted a half billion dollars of taxpayer money, and instead of cutting their losses, and coming clean, instead they want to throw more of our money down the toilet and to their friends and supporters.

Why the American People are continuing to put up with Obama’s complete corruption, and lack of any usable knowledge or experience to help us get out of the unbelievable economic disaster his party and administration have caused.

Days before a solar panel maker collapsed, the Obama administration considered a bailout that would have provided an infusion of cash and made the federal government a part-owner of the company.

Officials rejected the plan, which was recommended in August by the investment banking firm Lazard Ltd. Lazard was paid $1 million for analyzing options related to the faltering

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Crony Capitalism: Obama Fundraiser Pushed Administration for Solyndra Deal – And Won

Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for Obama, pushed the Department of Energy to grant the $500 million loan to now bankrupt Solyndra.

Why is Obama and the Democrat party bowing down to their fundraisers at every opportunity?

Could it be because they know the Democrats are going to be in a world of hurt afte the 2012 elections, and want to keep the corrupt money flowing to their party? We think so.

An elite Obama fundraiser hired to help oversee the administration’s energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife’s law firm was representing the California solar company, according to internal emails made public late Friday.

“How hard is this? What is he waiting for?” wrote Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate before being appointed to a key job helping oversee the energy loan guarantee program. “I have OVP [the Office of the

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Obama Gave Solyndra Shareholders and Executives $500 Million “Thank You” For Donations

The more that we learn about the Solyndra Scandal, the more it looks like Obama used our money to repay some of his major contributors, who were the shareholders and executives of the company who received a $500 million loan shortly before filing for bankruptcy.

POOF!!! Another half a billion dollars obviously misused and wasted by the most corrupt administration in the history of our nation.

We know that the badly failed Obama stimulus was just a veiled “Thank You” payout to the unions, in hopes that a good chunk of that money would flow back into the Democrat coffers, in the form of campaign contributions, (basically, political money laundering) but how many more Solyndras are out there?

A solar energy company that intends to file for bankruptcy received $535 million in backing from the federal government and has a cozy history with Democrats and the Obama administration, campaign finance records show.

Shareholders and executives of Solyndra, a green energy company producing solar panels, fundraised for and donated to the Obama administration to the tune of hundreds of thousands of

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