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The stuff you won't see in the liberal media (click "Replies" for top stories)
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Beckwith

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Obama scandal "4 times greater than Solyndra"

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Michael Bastasch is reporting that the Department of Energy recently turned over more than 1,200 pages of heavily redacted documents in response to a records request about a subsidized biofuels company from The Daily Caller News Foundation.

In October, The Daily Caller News Foundation filed a FOIA request with the Energy Department, asking for email records from government officials regarding federal loan guarantees given to Abengoa, a Spanish-based green energy company. The request came on the heels of reports Abengoa was running into big financial problems, despite being given generous taxpayer-backed loans.

The DoE gave The Daily Caller News Foundation the records it requested Dec. 18, and after spending time reviewing the documents, it's apparent there's a lot of information the department did not want the public to see. The DoE redacted virtually all information specific to Abengoa -- in many cases whole pages were blacked out.

Reporters were mostly interested in Abengoa's $400 million biofuels plant near Hugoton, Kansas. The company got a $132 million federal loan and a $97 million grant to build the plant, but after a year of operation the plant seemed to be having problems of its own. Despite the hype surrounding the plant, Abengoa has filed for bankruptcy and halted operations in Hugoton.

A DoE FOIA officer handed over 1,239 pages of "previously released documents, along with the response letters that accompanied them, in regards to DoE's Abengoa project." He added that all "personal information in the response letters has been redacted."

DoE also redacted "capitalized interest amounts" on Abengoa's biofuel loan, along with internal agency communications they argued fell under the "deliberative process privilege." DoE also argued portions of the risk assessment reports on Abengoa were redacted to protect the "deliberative process" of granting federal loans.



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Beckwith

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Solyndra investor who made out like a bandit hosts Hillary fundraiser

Rick Moran is reporting that on Friday, Hillary Clinton attended a fundraiser hosted by George Kaiser, a noted businessman and philanthropist who was a major bundler for Barack Obama in 2008.

He is also the founder of Argonaut Private Equity, a hedge fund that poured $270 million into the now bankrupt solar company Solyndra. In 2009, Solyndra received more than half a billion dollars in taxpayer guaranteed loans. When the company went belly up in 2011, Kaiser and other investors were given a soft landing when they were guaranteed certain tax breaks that would kick in if Solyndra went bankrupt.

Kaiser is a curious choice to hold a fundraiser for Clinton, given her recent proposals  to reign in the kind of crony capitalism exposed in the Solyndra mess, and other renewable energy company deals.

Washington Times:

The arrangement allowed Argonaut to use Solyndra's "net operating losses" to reduce its own future taxable income. At the same time, the U.S. Treasury was left holding the tab for nearly the entire $535 million original loan.

The terms were so generous that congressional Republicans launched a probe, arguing that Kaiser's money and connections earned him special treatment.

The Clinton campaign didn't respond to requests for comment about Kaiser and the fundraiser, but her website lists it as a two-hour affair. Guests are requested to give the $2,700 maximum donation in exchange for a "photo with Hillary."

The fundraiser is sold out, and there was even a waiting list for eager donors, according to the campaign website.

"It's truly rich. This is the way things are nowadays. The more government is involved in things, the more largesse they can bestow on their friends," said Dan Kish, senior vice president for policy at the conservative Institute for Energy Research. "[Mrs. Clinton] is tied up with people who made out like bandits when Solyndra went down and the taxpayers ended up paying for it. It's really sad, to be honest with you."

Argonaut did not respond to requests for comment, nor did Kaiser'sGeorge Kaiser Family Foundation. Kaiser, through a spokesman, previously has denied lobbying the federal government for anything related to the Solyndra project.

News reports from 2011 and 2012, however, documented at least 16 visits by Kaiser to the White House during the time the Solyndraproject was underway and found extensive contacts between administration officials and Kaiser's associates.

In 2011 court documents filed by the IRS and the Energy Department, the Obama administration estimated that Argonaut could get as much as $350 million in future tax breaks from Solyndra's net operating losses, though it's unclear how much the firm ultimately received or how much the company has financially benefited over the past several years.

Friday's fundraiser could renew criticism Mrs. Clinton has faced from progressive activists over her ties to major donors and Wall Street interests. The activists fear she is too closely tied to the wealthy and powerful to be an effective advocate for the middle class.

We're so used to Clinton's hypocrisy by now that this little blurb of a news item will come and go with few in the media pointing out the dichotomy of Clinton being feted by a crony capitalist even as she assures the Democratic left she will be a warrior against Wall Street and the rich. 

As for Clinton being an "effective advocate for the middle class," she only has to give lip service to being a plebe. The press will do the rest and portray her as a champion of the downtrodden. 

Of course, taking in millions from the rich and powerful comes with no strings attached -- or, at least that's the story line.


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Claudia

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I certainly would think so, because if you or I were to do the same thing, we would be held responsible........  however, as ayou know, I am not a crooked lawyer who earned a law degree by default and fraud in the first place, as many lawyers are now-a-days.....
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Hooray for Mr. Grady!

It is about time someone tried this. I wonder if he will get 'Standing'?

And, is it possible to spin a Criminal trial out of this?  If the loan was made fraudulently (and it was), wouldn't those in govt that made the loan also be responsible?
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Solyndra lawsuit:  Full refund to taxpayers

Jim McElhatton is reporting that many Americans were upset when solar-panel maker Solyndra filed for bankruptcy last September owing taxpayers more than $500 million, but retiree Robert Grady Jr. was different. The more he read about the failed company, the more irritated he became.
 
Finally, weeks after the bankruptcy case began, Mr. Grady did something he'd never done before. He filed a claim in U.S. Bankruptcy Court. It turned out to be the biggest single claim in the case — $535 million — but it wasn't on behalf of himself. Rather, Mr. Grady, 57, made the claim on behalf of U.S. taxpayers because he said he didn't trust Department of Energy lawyers to look out for taxpayers' interests.
 
The retiree said he wasn't looking for any money. He just wanted the loan money returned to the U.S. Treasury. Now, after more than a year, the bankruptcy case finally is grinding to a halt. Among the thousands of claims filed in the case, Mr. Grady's is perhaps the most unusual.
 
"I'm not a lawyer, and I've never consulted a lawyer," Mr. Grady said in a recent phone interview. "I just think the taxpayers are getting shafted."
 
Mr. Grady filed his $535 million claim on a one-page handwritten form submitted to the U.S. Bankruptcy Court in Delaware on Nov. 11, 2011. In response to a question with regard to the basis for his claim, he wrote, "Money Loaned by DOE, representing U.S. taxpaying citizen."
 
Solyndra received $535 million in federal loan guarantees in 2009 and was championed by, among others, Vice President Joseph R. Biden, but its bankruptcy last year fueled an ongoing congressional probe and turned into a big political headache for the Obama administration.
 
In the 10 months since Mr. Grady filed his claim, he has followed the case closely from his computer at home in Redmond, Wash., and he has read just about all of the more than 1,000 docket entries filed so far during the proceedings. Yet he has never had any contact with anybody from the bankruptcy court or with any of the many lawyers in the case.
 
Still, a few weeks ago, Mr. Grady noticed finally that somebody in the case was paying attention.
 
In the 19th and final paragraph of a recent court motion seeking approval of their reorganization plan, attorneys for Solyndra, who earn up to $975 per hour for their work in the case, told the judge in the case not to pay attention to Mr. Grady.
 
"Finally," the attorneys wrote, "the objection to the plan submitted by Robert E. Grady Jr. in his purported capacity as a taxpaying citizen of the United States should be ignored. Mr. Grady is not a creditor of these estates and has no standing to assert a claim on behalf of the United States."
 
When Mr. Grady saw that paragraph, he quickly got to work drafting a reply, which he filed this past week.
 
In his one-page reply, Mr. Grady called the notion that his claim ought to be ignored an "affront and insult to the U.S. Constitution, the Declaration of Independence, associated documents and statements made throughout the history of this country by our Founding Fathers."
 
He also wrote that the idea that he and other taxpayers are not creditors is "untrue, arrogant, irresponsible, unethical and potentially fraudulent."
 
Just weeks earlier, Mr. Grady had filed his own motion objecting to the company's reorganization plan. He wasn't alone, either.
 
Government attorneys representing both the Department of Energy and the U.S. Office of the Trustee, which monitors bankruptcy cases, had raised concerns that the company's plan wasn't transparent enough about hundreds of millions of dollars in potential tax benefits for company investors.
 
"The taxpaying citizens of this country, including myself, should not be obligated to, in effect, provide compensation to these parties for their financially irresponsible and potentially improper, unethical and possibly illegal decisions and actions," Mr. Grady wrote in a filing.
 
Speaking by phone, Mr. Grady described himself as a retired lower- to middle-level oil executive trying to "eke out a living." He said he realized he wasn't likely to win on any of his court motions.
 
"What I think ought to happen is that $535 million should go back to the Treasury to be distributed to all of the taxpayers," he said. "I know it would only be a dollar or so apiece, but it would make a point."


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Beckwith

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Man who helped fast-track Solyndra loan attending finance events at the DNC

The Washington Free Beacon is reporting that the man who helped fast-track the $535 million Solyndra loan is at the Democratic National Convention -- and running from ABC News.

Steven J. Spinner, a former “chief strategic operations officer” in the Department of Energy, is attending finance events in Charlotte, and seems to be a top donor to the city’s host committee, according to ABC.

When reporters tried to ask Spinner questions on the convention floor, he ran away:

ABC News made repeated attempts to interview Spinner as the Solyndra saga unfolded, and he declined. When he was approached by ABC News on the convention floor Monday, he bolted for an exit.

A DNC employee blocked ABC News reporters from following Spinner as he broke into a run.

“You can’t follow people,” the aide said, as he held up his arms to keep the camera from filming Spinner as he left the venue.

Spinner has raised at least $500,000 for the Obama campaign this cycle.

In 2009, Spinner was actively engaged in discussions about Solyndra, despite signing an ethics agreement pledging not to do so; Spinner’s wife was a partner at the law firm advising the company on the loan process.


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Beckwith

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Artists transform Obama's Solyndra scraps into world’s most expensive art display

Jim Hoft says there's a certain symmetry in the action of transforming useless waste from a failed industry into worthless art.

Solyndra’s glass tubes found a second life recently in some lefty art display.

Hope you like working, kids.  You’re going to have to pay for this junk some day.

Silicon Valley featured an article on how artists transformed Solyndra scraps into a junk art project:

When Solyndra filed for bankruptcy last year, thousands of employees were let go, dozens of vendors were left high and dry, hundreds of millions of dollars were lost — and millions of glass tubes were abandoned in a San Jose warehouse.

Now some of those tubes, a signature design element of the company’s cylindrical solar panels, have found a second life as modern art. Yet like so much about Solyndra, they’ve become another flash point in the controversy surrounding the Fremont company.

Oakland architects Ronald Rael and Virginia San Fratello used 1,368 of the glass tubes to create “SOL Grotto,” an architectural sculpture on display in the lush grounds of the University of California Botanical Garden in Berkeley. The piece is part of a larger exhibit called Natural Discourse, which features work from a multidisciplinary group of artists, writers, architects and researchers.

But “SOL Grotto” has generated the most publicity as the source of a fresh wave of criticism by conservative commentators and House Republicans, who have long held up Solyndra, which was awarded a $535 million loan guarantee from the U.S. Department of Energy, as a prime example of wasteful spending by the Obama administration. Some of those critics are now blasting “SOL Grotto” as the world’s most expensive piece of taxpayer-funded artwork, even though a bankruptcy court determined that the glass


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Beckwith

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Obama kept Solyndra scandal hidden from workers til after 2010 elections


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The 10 most revealing Solyndra emails

1. The White House Office of Management and Budget held that the Energy Department’s decision to restructure Solyndra’s loan was "a bad idea" and would result in greater taxpayer losses.

2. White House Chief of Staff Bill Daley was briefed on Solyndra’s troubles before the Energy Department restructured its loan.

3. Barack Obama’s Solyndra photo-op was then-CoS Rahm Emanuel’s idea.

4. Even Solyndra’s investors knew that the company was a bad bet for taxpayers.

5. Getting federal money was integral to Solyndra’s business model.

6. Solyndra’s CEO referred to the federal government as the "Bank of Washington."

7. Solyndra was supposed to be a model of how government could empower the private sector.

8. The White House and Vice President’s office pressured DOE to move on the Solyndra loan guarantee, which in turn pressured OMB.

9. Upon news of the bankruptcy, DOE admitted it had "a serious problem at Solyndra."

10. The White House’s reaction to Solyndra’s bankruptcy: "Ugh."

The details and copies of the emails can be seen here . . .


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Beckwith

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If Rahm wants it, we'll make it happen

Joel Gehrke is reporting that Chicago Mayor Rahm Emanuel, former White House chief of staff for President Obama, referred media questions about his role in supporting the Solyndra loan guarantee to the attorneys in the White House.

"It's simple, you just talk to the White House counsel," Emanuel told 89 WLS, a Chicago radio show. "They are answering all the questions and they will answer any questions you have on the matter."
 
A House report on the Solyndra bankruptcy showed that Emanuel was a driving figure behind President Obama's appearance at the Solyndra factory — he was "super hot" to do the event, according to White House aide Ron Klain — because he believed that "[j]obs and high tech and Recovery Act is a winning combination."
 
The report also indicates that Emanuel's interest played a role in the White House supporting the loan guarantee, based in part on a 2009 email  that Heather Zichal, Deputy Assistant to the President for Energy and Climate Change Policy, wrote to another White House staffer.
 
"In addition, Ms. Zichal stated that 'folks in the financing community' had also raised concerns about the Solyndra loan guarantee, '[b]ut if Rahm wants it, we'll make it happen,'" the report says of the email.


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Beckwith

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ABC San Francisco: Solyndra job loss revised up



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Solyndra Not Dealing With Toxic Waste At Milpitas Facility

The Fremont Fire Department’s Jay Swardenski oversees the cleanup. He said some materials, such as cadmium, are toxic, and hard to dispose of.

“They don’t degrade at all, so we want to make sure we don’t allow these materials to get into the environment,” he said.

It’s not just the leftover hazardous materials, but also the machinery used to apply them to the glass tubes. “Certainly those tools will need to be decontaminated, cleaned up, handled correctly as they are taken apart,” he said.

Swardenski told CBS 5 the disposal process is going smoothly in Fremont, but what about nearby Milpitas? Solyndra leased a building on California Circle for the final assembly of its solar panels. But the cleanup at the leased building in Milpitas is in limbo, because Solyndra doesn’t want to pay.

CBS 5 found the building locked up, with no one around. At the back, a hazardous storage area was found. There were discarded buckets half filled with liquids and barrels labeled “hazardous waste.”

The building’s owner, a company called iStar, claimed in court documents, “there may be serious environmental, health and safety issues” at the premises. According to the documents, they include, “numerous containers of solvents and chemicals…and processing equipment contaminated with lead.”

“Essentially it looks like they left a pretty big mess behind,” San Jose State Assistant Professor Dustin Mulvaney told CBS 5. Mulvaney has written a white paper (.pdf) on solar industry waste for the Silicon Valley Toxics Coalition.

more... http://sanfrancisco.cbslocal.com/2012/04/28/solyndra-not-dealing-with-toxic-waste-at-milpitas-facility/

So much for earth friendly "green" energy companies.


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Claudia

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fortunately, many things are showing up as NOT SUCH A GOOD BET and hopefully Obama will be shown to the general public as the LIAR that he truly is....by all the closings and fallling downs of everything he has touched,  in unmistakeable nakedness..... with nothing to cover him but his arrogance, and that being but a vaporous cloud that is only seeable by the minds of the misguided.

Beckwith

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For sale -- Price not listed

The Weekly Standard is reporting that the 411,618 square foot Solyndra building in Fremont, California has been put on the market:

Obama: "...this was a good bet."


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Beckwith

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White House was all-hands-on-deck as Solyndra collapse neared

Ben Geman and Andrew Restuccia are reporting that several key White House offices were involved with the Obama administration’s messaging plans and other preparations as the collapse of the taxpayer-backed solar company Solyndra was imminent, newly released documents show.

The latest White House documents delivered to House Republicans on Friday again highlight the extent to which senior administration officials braced for the fallout as Solyndra -- a company Barack Obama had personally visited -- was about to go under.

A White House memo that noted the danger of "imminent bankruptcy" at the end of August 2011 says, "OMB, DPC and NEC have been working with press and OLA to be prepared for this news to break."

Acronym translation: OMB is the Office of Management and Budget, DPC is the Domestic Policy Council, NEC is the National Economic Council and OLA is the Office of Legal Affairs.

The document, an update on Solyndra’s $535 million Energy Department (DOE) loan guarantee, notes that $527 million had been disbursed and that DOE believed no more funds should be alloted.

The White House document notes that the Treasury Department, OMB and other White House offices agreed that no more money should be provided because there was a "near-zero chance" that the company could survive.

Continue reading here . . .

The most illuminating statement -- "working with press" --  Team Obama is not even trying to hide the collusion between the regime and the Fourth Estate.


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Beckwith

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Obama lies about Solyndra Program

Andrew Stiles is reporting that Barack denied culpability for the failure of solar firm Solyndra in a radio interview on Tuesday, instead pinning the blame on Congress and the Chinese.
 
The loans initiative used to finance Solyndra was “not our program,” he told American Public Media in response to question about Solyndra’s bankruptcy and subsequent controversy.

“Understand, this was not our program per se,” Obama said. “Congress–Democrats and Republicans–put together a loan guarantee program…to help start-up companies get to scale.”

APM: With all respect, it was a gutsy move I think to come to a solar facility. Your administration has staked a lot on clean technology, green jobs – the biggest item most people know about that strategy is, of course, a company named Solyndra, which your administration gave loan guarantees to, then went bankrupt and has been the subject of many investigations. Are you doing your ‘all of the above’ strategy right if that’s what we have to show for it, Solyndra?

OBAMA: We are doing the all of the above strategy right. Obviously, we wish Solyndra hadn’t gone bankrupt. Part of the reason they did was because the Chinese were subsidizing their solar industry and flooding the market in ways that Solyndra couldn’t compete. But understand, this was not our program per se.

Congress–Democrats and Republicans–put together a loan guarantee program because they understood historically that when you get new industries–it’s easy to raise money for start-ups, but if you want to take them to scale sometimes there’s a lot of risk involved, and what the loan guarantee program was designed to do was to help start-up companies get to scale. And the understanding is that some companies are not going to succeed, some companies are going to do very well, but the portfolio as a whole ends up supporting the kind of innovation that helps make America successful in this innovative 21st century economy. Do I wish that Solyndra had gone bankrupt? Absolutely not. And obviously it’s heartbreaking it happened for the workers who were there.

Obama has previously argued that the Department of Energy program used to finance a $535 million federal loan guarantee to Solyndrapredates” his presidency.

That’s an exaggeration of the truth, according to FactCheck.org: “Solyndra’s loan guarantee came under another program created by the president’s 2009 stimulus for companies developing ‘commercially available technologies.’”

 

Related:  Plausible deniability: Obama’s hands were all over Solyndra
  

"...an exaggeration of the truth"  -- Stiles just can't bring himself to call it what it is -- a lie.

 


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Friday Night Doc Dump: Did WH economic advisers raise red flags on Solyndra as early as March 2010?

White House emails released Friday added further evidence that concerns about the Energy Department loan guarantee program that benefited Solyndra had reached as high as President Barack Obama’s top economic adviser, Larry Summers, by early 2010.

References to Summers’s concerns turn up in a March 4, 2010, email exchange in which White House officials were second-guessing whether Obama should trumpet Solyndra’s exports to Australia during a planned visit later that month to the country.

“Isn’t this the company Larry asked questions about?” Michael Froman, a top economic adviser to Obama, said in an email to Joseph Aldy, another White House aide. “What is your view about highlighting their exports in Australia?”

Meanwhile, other revelations in the newly released documents include Vice President Joe Biden’s top economic adviser flagging concerns over the company’s poor finances while preparing for a briefing with reporters a day before Obama’s May 26, 2010, visit to Solyndra’s headquarters in Silicon Valley.

In the May 25 email exchange, Jared Bernstein wrote to Herbert Ziskend, one of Biden’s domestic policy advisers, “But do you have a leverage # for Solyndra — how much pvt cap [private capital] they raised off of the loan guarantee?”

Elizabeth Oxhorn, a press aide in Biden’s office, replied with the figure: “Solyndra raised $198m in private capital between selection in March 2009 and the loan closing in September 2009.”

Bernstein responded that the figure was not one he wanted to talk about with the press. “Weird — so leverage is like 2/5 ($198 m leverage against loan guarantee of $535m)… best not to go there,” he wrote.

There’s another key quote from Summers in the Politico piece on a more general point about government intervention, too, although it came from an earlier release.  In December 2009, Summers gave his opinion of programs like the one that benefited Solyndra to one of its investors:

Summers’s concerns about the DOE program have come across in other internal White House documents that have surfaced during the investigation into Solyndra’s financial meltdown. The most notable — a December 2009 email exchange between Summers and an investor with ties to Solyndra — ended with Summers declaring: “I relate well to your view that gov is a crappy vc [venture capitalist] and if u were closer to it you’d feel more strongly.”

In that, Summers has been proven correct by this administration — repeatedly.  In the meantime, Congress needs to start issuing subpoenas to find out who knew what and when about Solyndra, and how much politics played a role in overruling the administration’s leading economic advisers and the DoE’s auditors while gambling — and losing — $535 million on a venture that would have benefited Obama’s contributors.


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Yep, wonder how much of that money will make it right back to Obama?  He's really good at the money laundering with tax payers money.

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Claudia

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those BASTARDS...... crooked and corrupt, they ought to ALL BE JAILED....

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Solyndra fire sale

                                                                               
Firm made dubious sales on the brink of bankruptcy last summer
                                                               

The Washington Times reports that Solyndra, the failed solar panel company on the receiving end of a $535 million taxpayer-guaranteed loan, made a series of suspicious inventory sales just month before filing for bankruptcy, in an effort to stay afloat:

Fast running out of money, solar-panel maker Solyndra LLC last summer sold off nearly $60 million worth of inventory for less than $20 million in cash to a newly formed corporate entity closely tied to the company’s biggest investors, records show.

Backed by $535 million in federal loan guarantees but burning through the little cash it had left, Solyndra made its first sale in late July to a corporate entity that had been formed just a day earlier. Three more transactions followed over the next few weeks with the same buyer, Solyndra Solar II.

By the time the last sale took place on Aug. 29 — two days before the company announced plans to file for bankruptcy — Solyndra had sold off a total of $58.1 million worth of inventory for $17.5 million, according to documents Solyndra attorneys filed last month in U.S. Bankruptcy Court in Delaware.

Todd Zywicki, a bankruptcy professor at the George Mason University School of Law, told the Times such sales are typical of troubled firms, but the sheer size of the transactions made them unusual.

“The test under the bankruptcy code is whether the sale was for reasonably equivalent value and selling inventory at such a huge discount raises real concerns,” he said. “If Solyndra Solar II is owned or controlled by any insiders or anything like that, then it becomes even more suspicious.”




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Solyndra saw staff "mutiny" before Obama visit

In the weeks leading up to a visit by President Barack Obama to Solyndra on May 25, 2010, the California solar-panel maker was in crisis.

Prices for solar panels were in free-fall and the company's chief executive officer was bickering with customers unhappy with the amount of electricity produced by the cylindrical panels he invented, according to new e-mails released by Republicans investigating the now-bankrupt company.

An initial public offering was on the skids, and finally, there was a "mutiny" by the company's entire executive team, who flagged the crisis to the company's board of directors.

The e-mails between senior advisers to George Kaiser, a major investor in the company, provide the best view yet into how problems took root early at Solyndra.

http://www.reuters.com/article/2011/12/01/us-usa-solyndra-mutiny-idUSTRE7B02DQ20111201


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We're STILL paying for this failure, $13k for each employee to retrain them.
That's $14.3 million on top of the $528 million already flushed down the drain.


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SCANDAL DEEPENS: Energy Department Pushed Solyndra To Wait To Announce Layoffs Until After Midterm Elections

“DOE continues to be cooperative and have indicated that they will fund the November draw on our loan (app. $40 million) but have not committed to December yet,” a Solyndra investor adviser wrote Oct. 30. “They did push very hard for us to hold our announcement of the consolidation to employees and vendors to Nov. 3rd – oddly they didn’t give a reason for that date.”

Harrison went on to state that he would “like to go forward with the internal communication [to employees regarding layoffs] on Thursday, October 28.”

Harrison’s e-mail was forwarded to program director, Jonathan Silver, who then alerted White House climate change czar Carol Browner and Vice President Biden’s point person on stimulus, Ron Klain. Browner asked for more information about the announcement, and Chu’s chief of staff explained he had left a voicemail message on her cellphone.

On Nov. 3, 2010, Solyndra announced it would lay off 40 workers and 150 contractors and shut down its Fab 1 factory. The department agreed to continue giving Solyndra installments of its federal loan despite the company’s failure to meet key terms of the loan, and in February restructured its loan to give investors a chance to recover $75 million in new money they put into the company before taxpayers would be repaid.

Silver resigned from the agency last month.

http://www.washingtonpost.com/politics/solyndra-department-of-energy-pushed-hard-for-company-not-to-announce-layoffs-until-after-2010-mid-term-elections/2011/11/15/gIQA2AriON_story.html



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Reply with quote  #24 

New emails show Obama donor Kaiser pushing White House for Solyndra dollars




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Reply with quote  #25 

Biden almost had an orgasm over Solyndra!

Emails among George Kaiser, head of the George Kaiser Family Foundation; Ken Levit, the executive director of the Foundation; and Steve Mitchell, who manages Argonaut Private Equity and was a member of Solyndra's board; show that Vice President Joe Biden's office were very gung-ho.

"They about had an orgasm in Biden's office when we mentioned Solyndra," reads a Feb. 27, 2010, email from Levit to Mitchell. A follow-up email from Mitchell to Levit later that day responds with: "That's awesome! Get us a (Department of Energy) loan." 

According to exchanges obtained by Fox News, in an email from Mitchell to Kaiser on March 5, 2010, Mitchell writes that "it appears things are headed in the right direction and (Energy Secretary Steven) Chu is apparently staying involved in Solyndra's application and continues to talk up the company as a success story."


Read more: http://www.foxnews.com/politics/2011/11/09/solyndra-emails-claim-bidens-staff-about-had-orgasm-about-energy-loans-to-firm/#ixzz1dFIDP2JG

__________________
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." Thomas Jefferson
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