Posted on 09/16/2011 12:24:55 PM PDT by Nachum
A clearer picture of the underlying insider scheme at Solyndra is beginning to emerge.(snip) There was another motivator -- Solyndra's management and investors had an eye on an initial public offering. "There was a perceived halo around the loan," said an investor with knowledge of the company. "If we get the loan, then we can definitely go public and cash out."
(Excerpt) Read more at americanthinker.com ...
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A very Big F’ing deal. Done the Chicago way.
Follow the money! There is little doubt in my mind that the White House is heavily involved in this scam of the American taxpayer. Criminal!
In other words, it was a looting operation from the get go. Private profits, socialized losses.
Somebody needs to go to jail over this. Is obamma himself involved? For the many times that this company spent sleeping in the White House, that is a major question that needs to be answered? A House special prosecutor needs to be appointed, with unlimited power to investigate this crime.
Bring them in, put them under oath, take names and kick ass.
Sounds to me like the “investors” did’t have a lot of faith in all the “green” bull**** either. They were just wanting to make some money and get the hell out.
I gather the idiot won’t be touting Green investments in the near future.
Look at this. There must be a way to find out who owned the company that equipment was purchased from....but anyway.
1. Kaiser loans Solyndra millions.
2. The government loans Solyndra millions.
3. Solyndra buys equipment to outfit the company from Kaiser owned company.
4. Solyndra pays Kaiser for the equipment.
5. Solyndra then closes down.
6. The government covers Kaiser’s investment.
7. Kaiser gets his investment back, plus the getting payed for all the equipment.
Something to look into. Sweet deal.
But the renegotiation which moved the US Taxpayer to the BACK of the bus when it comes to bankruptcy laws, is the stickler!!! WHY would the LARGEST investor be moved to the back of the bus?
That’s called MONEY LAUNDERING of the US taxpayer dollars into Democrat pockets!
FOLLOW THE MONEY!
How much did they “cash out” for?
The newest investor generally gets the prior position when a company is financially struggling. The logic is that the largest investor could have provided more funding but chose not to do so.
In this case there was a statutory prohibition on an investor coming in in a senior position to the government. Therefore, it seems that kaiser’s loan was in violation of the law.
Even more,it was reported today that just a few weeks before the bankruptcy the company sold all pf its inventory and accounts receivable to a newly-formed entity. The deal was brokered?y a company called Argonaut, which is a name generally used by Kaiser’s companies. It may be that Kaiser set up a dummy corporation to grab the assets. Or maybe there is an innocent explanation.
Sweet deal...
I guess Ken Lay is unavailable for comment.
I disagree. They'll talk about them, and they'll talk about how venture capitalists expect a few successes and a few failures in any portfolio. Then they will look mightily to find a green company, any green company whether the government invested in them or not, that has been successful and play them up as an example of how the upside of venture investing works.
Of course, no one in his right mind just gives subordinated loan guarantees to a risky venture--they want equity return possibilities commensurate with the risk. But, that will be swept under the rug.
Hell yes! There needs to be investigations and prosecutions. What a total SCAM!
Hey, they get to make a lot of money, 0bama/DNC gets big “bundled” campaign contributions out of the deal, and the taxpayers take it in the rear...
Couldn’t be anything that more epitomizes leftist politics.
When do we say that Obama took campaign funds in exchange for approving this money for Solyndra?
-PJ
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