Posted on 11/30/2015 1:38:41 PM PST by Lorianne
"The future of the company seems very black," notes on trader as the bonds and stocks of Spanish renewbles form Abengoa lives up to its name and files for creditor protection, just as we warned was likely. With the stock crashing 70% to 28c and 4-month bonds trading at just 22c on the dollar, market participants face an almost total loss.. but, as we detailed previously, it is the American taxpayer - who thanks to Ex-Im Bank loans to keep this zombie alive - face losses of $230 million as Spain's Solyndra exposes another symptom of the Oligrachic ignorance of where the money comes from.
(Excerpt) Read more at zerohedge.com ...
Nothing to see here, move on...
What else is new?
Go to the link. There is also an interesting article on the death of Irwin Schiff.
Oligrachic
????
Why must WE pay for a Spanish firm?
Damned if I know.
I guess we gotta pay for blank-ing everything.
Because of the “ExIm” bank/program...recently resurrected by the Paul Ryan led GOP House (had expired).
http://www.reuters.com/article/2015/11/06/us-usa-congress-transportation-idUSKCN0SU2G320151106#ILgiLAQwlVBAe0Y9.97
and
http://www.exim.gov/lapse-information
Should have left it dead!
Another turd POSOTUS has laid on us.
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