Archive of posts tagged solyndra

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

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More Failed Solyndra-Like Loans by Corrupt Obama Admin For Failing Companies – US Taxpayers Lose Additional $400 Million

More Solyndra-Like Loans by Corrupt Obama Admin For Failing Companies - US Taxpayers Lose Additional $400 Million

More Solyndra-Like Loans by Corrupt Obama Admin For Failing Companies – US Taxpayers Lose Additional $400 Million

Thanks to Obama’s inability to do anything right, more companies that received huge green energy loan guarantees are going bankrupt.

The latest in Obama’s horrible record of failed loans to his friends and supporters was the huge loan to Abound Solar Inc, which is costing US Taxpayers an additional $400 million in lost funds.

Obama thinks he is getting away with his green energy scams, where the Obama administration gives huge loan guarantees to their friends and supporters, knowing full well that the green energy companies were only started in order to get in on the free money from Obama, while the Obama administration knew these companies were bound to fail.

Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will close its doors and file for bankruptcy because its panels were too expensive to compete with Chinese products, according to the U.S. Energy Department.

Abound, based in Loveland, Colorado, borrowed about $70 million against the

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“Not Even Half” Solyndra Video Highlights Obama’s Complete Financial Failure & Incompetence

Watch this great video “Not Even Half”, which tells the truth about Obama and Solyndra!

President Obama has given billions of taxpayer dollars to companies that later failed—many of them were run by Democrat donors.
This is just another example of President Obama’s pattern of picking winners and losers and wasting taxpayer money.

Unfortunately YouTube has removed these videos from their platform to hide the truth from the American People. Another coverup with the help of Google/YouTube.

Stand Up To Government Corruption and Hypocrisy – usbacklash.org …

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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

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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

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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

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Obama’s New $1.2 Billion SunPower Loan Scandal – Twice As Big As Solyndra

Obama's New $1.2 Billion SunPower Loan Scandal - Twice as big as Solyndra

Obama's New $1.2 Billion SunPower Loan Scandal - Twice as big as Solyndra

The Obama administration gave another obviously failing California solar company $1.2 billion in federal loan guarantees, even though the company had only weeks earlier announced that they would be building a new manufacturing plant in Mexicali, Mexico to manufacturer the solar panels.

So much for American jobs, as well as so much for the billions of our tax dollars the Obama administration flushed down the toilet, as payouts to their friends and supporters.

The Obama administration – Corruption and Crony Capitalism at it’s finest.

How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.

The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice

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Obama’s Energy Department Ignored Treasury Warning on Legality of Solyndra Loan Restructuring

Obama Emanuel Chicagoland Solyndra Loan Restructuring Scandal

Obama Emanuel Chicagoland Solyndra Loan Restructuring Scandal

Before the Obama administration Energy Dept illegally restructured the Solyndra loan, to assure that Obama’s friends and supporters would be paid back BEFORE the U.S. Taxpayer, they were warned by Mary Miller, the assistant Treasury secretary, that doing so could be illegal, and urged Obama’s Energy Department to consult with the Justice Department before restructuring the Solyndra loan.

Obama and his Energy Department think that they are above the law though, and followed through with the restructuring anyway, without clearing the with the Justice Department.

We hope more info continues to come out, so that we can get to the bottom of how the $500 billion Solyndra loan deal, the loan restructuring, and also who in the Obama administration knew what and when. Unfortunately, most of the real damming evidence has probably already been destroyed by the Obama administration.

Either way, a Special Council should definitely be set up to investigate the Solyndra Scandal, and the corrupt Democrats who were involved, and who throw our money around to their friends, family, and supporters.…

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