Posted on 11/13/2014 6:54:33 PM PST by Olog-hai
Lost in the hubbub following President Obama’s climate agreement with China was a smaller bit of surprising environmental news Wednesday: the Department of Energy’s loan program is expected to make money for taxpayers.
Most people are familiar with the program because of Solyndra, a solar-panel manufacturer that went bankrupt in 2011 after borrowing $528 million from the federal government. […]
You can’t avoid defaults when you lend money, though, and on balance, the loans are being repaid. A report released in the next several days will give the department’s first estimates of how the program is performing financially: the loans and guarantees will earn at least $5 billion over 20 years or so, according to a Bloomberg article citing a single anonymous source.
It is hard to know what kind of rate of return that number represents without more exact figures …
(Excerpt) Read more at washingtonpost.com ...
Lies! Consider the source.
How does a company that went belly up repay loans?
Government should not be in the loan business, period
They are writing about the future that hasn’t happened yet as though it were set in stone.
The single anonymous source, which is fictitious?
The whole thing reads like satire.
Yep, Obama raided the program and left us unprepared for ebola.
Dumb@$$.
Who wants to bet that its us taxpayers on the hook for repaying the “guaranteed” loan. So, not only do we fork over the money in taxes for the loan, we probably get to repay it.
Solyndra wasn’t the only company that got money through that “program”. Plenty of other kickback kickstart companies also made sure there was no money for real science.
bump
exactly
trains and buses and crap make sure we can’t fix potholes
studies and grants into sex habits of fat lesbians is why we can’t stop ebola
over and over the money sent to government is spent on something else, then used as justification for more money sent to government.
Obomanomics.
Those books he cooked
were so delicious,
demRATs ate every bit of it.
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