Archive of posts tagged solar panel

Political Paybacks? $300 Million Solyndra Building May Sell to Seagate for Only $90 Million

Political Paybacks? $300 Million Solyndra Building May Sell to Seagate for Only $90 Million

Political Paybacks? $300 Million Solyndra Building May Sell to Seagate for Only $90 Million

Why would the government allow Solyndra to sell a brand new $300 million building for only $90 million, and ensure that the American taxpayer will be the ultimate big loser again?

This after the Obama administration had already completely screwed the American Taxpayer by a prior back-room Obama deal which allowed private investors to be repaid before the taxpayer.

We would bet almost anything that in the weeks to come there will be new crony connections revealed between Seagate Technology and the Obama administration, who will be using the building as paybacks, and line the pockets of his friends and conies.

Taxpayers are about to take it on the chin again when it comes to solar-panel firm Solyndra, as the now-defunct company looks to sell off its glimmering headquarters for a fraction of the original price.

Bankruptcy court documents filed earlier this week show that Seagate Technology — which makes hard drives and other storage products — is offering to buy the Fremont, Calif., building for

…

...Continue Reading Political Paybacks? $300 Million Solyndra Building May Sell to Seagate for Only $90 Million

Obama Administration Ignored Solyndra “Severe Liquidity Crisis” Warning – Knew Company Would Fail

The corrupt and brain-dead Obama administration were forewarned by an Office of Management and Budget program manager that Solyndra had a “severe liquidity crisis”, but Jack Lew did nothing to block the Department of Energy from restructuring their loan.

Obama Administration Ignored Solyndra “Severe Liquidity Crisis” Warning - Knew Company Would Fail

Obama Administration Ignored Solyndra “Severe Liquidity Crisis” Warning – Knew Company Would Fail

Jack Lew personally allowed US Taxpayers to lose $ billions of taxpayer money, and now Jack Lew is Obama’s White House chief of staff. More lies and crony capitalism, and corruption from team Obama.

Who else thinks that the Obama administration knew that Solyndra was going to fail before the initial loan was ever handed out?
We believe 100% that the Obama administration allowed much of the wasteful spending to happen as a shady way to allow Obama to keep lining his friends and supporter’s pockets with taxpayer money.

A top White House adviser received clear notice that solar panel maker Solyndra Inc. faced a “severe liquidity crisis” even before a controversial restructuring allowing investors to recoup money from the now-bankrupt company before taxpayers, documents released Thursday show.

…

...Continue Reading Obama Administration Ignored Solyndra “Severe Liquidity Crisis” Warning – Knew Company Would Fail

Above-The-Law Obama Rejects Solyndra Scandal Subpoena

The Above-The-Law Obama administration, which is the most corrupt and secretive administration in U.S. History, has decided that they will not cooperate with the subpoena of documents relating to the Obama administration’s role in the Solyndra government loan scandal and coverup.

Obama is so dirty, and corrupt, and his administration is in big trouble in the next election as well, so they have a lot to hide.

They talk about how many pages, of the wrong documents, they have handed over already, but the Obama administration is hiding the documents that show what corrupt activities and crimes they have been involved in.

President Obama’s attorney sent a letter to Congressional investigators on Friday, saying the White House would not cooperate with a subpoena requesting documents related to its doling out a $535 million loan guarantee to now bankrupt solar panel manufacturer Solyndra.

“I can only conclude that your decision to issue a subpoena, authorized by a party-line vote, was driven more by partisan politics than a legitimate effort to conduct a responsible investigation,” Obama’s counsel, Kathryn Ruemmler, wrote in a

…

...Continue Reading Above-The-Law Obama Rejects Solyndra Scandal Subpoena

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

…

...Continue Reading Obama Admin Wanted to Bailout Solyndra Friends Just Before Bankruptcy

Another Obama Green Energy Company Files for Bankruptcy After Receiving $43 Million Government Loan

Yet another one of the companies that Obama’s Energy Department gave $43 million in government-backed loans has filed for bankruptcy, sticking the American taxpayer with the bill.

Just as we have seen with Solyndra, Sun Power, and others, the Obama administration doesn’t worry about how much of our money is being wasted. They only care about how much money and support their wasteful and criminal spending will return to their re-election campaign.

The Obama administration’s inability to not waste money is becoming more than a problem, and we need to do everything in our power to stop the wasteful and most likely criminal abuse and waste of our tax dollars.

A Massachusetts company that received a $43 million Energy Department loan guarantee last year filed for bankruptcy Sunday, a step certain to fuel criticism of federal green energy financing in the wake of the solar company Solyndra’s collapse.

Beacon Power Corp., which develops energy storage systems, filed for bankruptcy protection in the U.S. Bankruptcy Court in Delaware.

Beacon Power had received a federal loan guarantee to help build an energy

…

...Continue Reading Another Obama Green Energy Company Files for Bankruptcy After Receiving $43 Million Government Loan

Crony Corruption: Obama Advisor David Prend was Solyndra Investor & Solyndra Inside Man at WH

Obama Advisor David Prend was Solyndra Investor & Inside Man for Solyndra at WH

Obama Advisor David Prend was Solyndra Investor & Inside Man for Solyndra at WH

The Soylndra Solar Panel green-jobs scandal gets worse for the Obama administration everyday, and we are now learning of a new figure central to the Obama scandal which gave his friends and supporters over $500 billion of taxpayer money, just before going bankrupt.

David Prend is an Obama adviser, who pushed hard for the $500 million federal loan guarantee, even though Rockport Capital, Mr. Prend’s company, stood to greatly benefit from the loan because Rockport Capital was an investor and partial owner of Solyndra.

These “Green Jobs Scandals” go all the way to the top of the Obama administration, and they are currently doing their best to mitigate the damages by covering up their roles in the scandals. We will probably never see the evidence showing how up the ladder high these scandals go, but we all know it stops on Obama’s doorstep.

“I thought the White House might want to take advantage of this event to highlight a highly successful public/private partnership.”

— Obama adviser

…

...Continue Reading Crony Corruption: Obama Advisor David Prend was Solyndra Investor & Solyndra Inside Man at WH

Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

Now we are learning that, even as Solyndra’s financial situation grew worse and worse, the Obama administration still planned on approving an additional $469 million loan to the now bankrupt solar panel manufacturer, which would have increased the total loss to the American People to over $1 billion.

Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

We would think that Obama administration has their head stuck up their butts, but were pretty sure that the Obama administration knew exactly what they were doing when they gave the $ billions in loans to a failing company, which was run by Obama friends and supporters.

In reality, it’s becoming more clear that Obama really just gave a half billion dollars of our money to his friends and supporters, as a “Thank You” for their support of Obama.

The Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.

The Energy Department was actively pushing to provide the second

…

...Continue Reading Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

More Solar Companies Receiving Federal Loans Tied to Democratic Donors

Very soon we will all see very clearly that the Obama administration used their loan guarantee power as a means to pay back the people who helped the Obama administration – either with political support (Nancy Pelosi – Tonopah Solar) or with cash donations (George Kaiser – Solyndra Scandal).

In the past 2 years, the brash Obama administration may have been able to pull off this type of scandal without taking much heat, but the American People have awoken from their teleprompter-induced trance, and are now paying close attention to the actions of the Obama administration.

A Daily Caller investigation has found that in addition to the failed company Solyndra, at least four other solar panel manufacturing companies receiving in excess of $500 million in loan guarantees from the Obama administration employ executives or board members who have donated large sums of money to Democratic campaigns.

And as questions swirl around possible connections between political donations and these preferential financing arrangements, the Obama White House suddenly began deflecting The Daily Caller’s questions on Wednesday to the Democratic National Committee.

Asked

…

...Continue Reading More Solar Companies Receiving Federal Loans Tied to Democratic Donors