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2011-09-08 Home Front: Culture Wars
FBI raids Solyndra this morning
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Posted by DarthVader 2011-09-08 12:08|| E-Mail|| Front Page|| [11130 views ]  Top

#1 Guess their under the table campaign contribution wasn't large enough.
Posted by Barbara 2011-09-08 12:13||   2011-09-08 12:13|| Front Page Top

#2 Covering @sses more like it - evidence???? what evidence????
Posted by Yosemite Sam 2011-09-08 13:34||   2011-09-08 13:34|| Front Page Top

#3 Lemme guess.
Huge pay packages for company officers- You gotta pay them that much to retain top "talent".

Lots of perks, parties, campaign donations, and of course big, BIG, bonuses.(at least for the executives)

Taxpayers, bond holders and stock owners pay for it all.

Now they run off with a lifetime's worth of money, cha CHING!!!!

The answer?
I know!
Let's de-regulate!
Free market and all that!

Posted by bigjim-CA 2011-09-08 14:01||   2011-09-08 14:01|| Front Page Top

#4 Some very expensive (to taxpayers) funny business happened before the bankruptcy w/ the mega Obama donor Kaiser.

There is one very slippery fact that I am wondering about. It has to do with subordination. This a legal issue on who gets paid first in a bankruptcy. In all cases the equity is last on the list. But that is not the situation with Solyndra/Kaiser. From Bloomberg:

In February, Solyndra and its lenders reorganized the company’s debts, putting the U.S. loan behind $69.3 million owed to other lenders, including an affiliate of Solyndra’s biggest shareholder, Argonaut Ventures.

This kind of stuff is not supposed to happen. The equity interest of the Kaiser family got a preference as to the right of repayment from Solyndra. Kaiser got in front of the line. He got in front of the US Government’s $528mm IOU from Solyndra. Kaiser got in front of the interests of the American taxpayer. There had to be some very serious arm-twisting going on in the background to achieve this feat.
Posted by Eohippus Phater7165 2011-09-08 15:46||   2011-09-08 15:46|| Front Page Top

#5 Link: Solyndra- The Obama connection
Posted by Eohippus Phater7165 2011-09-08 15:47||   2011-09-08 15:47|| Front Page Top

#6 Guess their under the table campaign contribution wasn't large enough.

So much for the genius idea of using federal loan guarantees to make pay-offs. Hey, you don't suppose they were using illegal imported rosewood in those solar panels, do you?
Posted by SteveS 2011-09-08 16:42||   2011-09-08 16:42|| Front Page Top

#7 I hope the FBI remembered to turn the lights off when they left. I hate to see folks who are struggling get a big electric bill.
Posted by airandee 2011-09-08 16:59||   2011-09-08 16:59|| Front Page Top

23:43 CrazyFool
23:27 Mikey Hunt
23:11 Anguper Hupomosing9418
23:11 Anonymoose
23:02 Procopius2k
22:52 Griting Smith6978
22:47 Barbara
22:46 Barbara
21:58 Pappy
21:33 GlowingBubblehead
21:21 DarthVader
21:16 DarthVader
21:09 Nimble Spemble
21:06 lotp
21:02 Eohippus Phater7165
21:01 Nimble Spemble
21:00 Eohippus Phater7165
21:00 Nimble Spemble
20:57 Eohippus Phater7165
20:50 whatadeal
20:29 Glenmore
20:27 Barbara
20:18 Thing From Snowy Mountain
20:17 Thing From Snowy Mountain
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