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Growing Solyndra Green Scandal Is Just One of Many
IBD Editorials ^ | February 23, 2012

Posted on 02/23/2012 6:36:04 PM PST by Kaslin

Corruption: Outrageous bonuses and White House stonewalling guarantee that the Solyndra scandal, in which betting on green lost taxpayers $535 million, won't go away. But Solyndra is no isolated failure.

With 24 million Americans either without any job or underemployed, and 7 million claiming jobless benefits, the latest Solyndra news of wasted stimulus funds and noncooperation with Congress is sure to make taxpayers' blood boil.

Nearly two dozen employees of the solar panel maker that got a $535 million federal loan guarantee shortly before bankruptcy got $368,500 in bonuses Wednesday from a federal bankruptcy judge — in spite of the company failing to disclose it gave several of the raises of as much as 70% months earlier, after it went bankrupt.

The Washington Times noted a lawyer representing fired Solyndra workers has argued the company's liquidation benefits few beyond Argonaut Ventures, part of a foundation run by Obama fundraiser George Kaiser.

Considering that suspicious connection, no wonder the White House defied the Feb. 21 deadline to provide 12 categories of Solyndra documents to the House Energy and Commerce Committee.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Crime/Corruption; Editorial; Government
KEYWORDS: failedgreen

1 posted on 02/23/2012 6:36:06 PM PST by Kaslin
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To: Kaslin

At first, I thought obama was a dyed in the wool muslim. Now I realize he is just a shakedown artist from the chicago/cook county mafia. He’s had plenty of mentors with shady backgrounds to draw experience from.


2 posted on 02/23/2012 6:49:51 PM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: Kaslin

Pretty soon you can add Lightsquared and probably the scammer behind it, Harbinger Capital, to the list. They’re on the edge of BK now that the GPS industry and users are holding the bought-and-paid-for FCC to account. Even Obama’s own NTIA could no longer stand by and hold their nose while this stinker went on. The only good news is it’s mostly private investors who are getting screwed by this crony deal rather than taxpayers.


3 posted on 02/23/2012 6:55:51 PM PST by bigbob
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To: Kaslin

Why don’t you little people shut the **** up and go pay your taxes?

Your government is broke. :)


4 posted on 02/23/2012 6:56:59 PM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Kaslin

“Transparency” means you can’t see it.

You people really are stupid. :)


5 posted on 02/23/2012 6:59:15 PM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Kaslin

The entire federal government has been converted into a vast money making scam for the Chicago Machine.

Many billions have been stolen in last three years to crony capitalists and other democrat party hacks.


6 posted on 02/24/2012 2:50:09 AM PST by FormerACLUmember
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