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Obama touts $400M loan to solar company run by corrupt congressman’s nephew
http://hotair.com/archives/2010/07/10/obama-touts-400m-loan-to-solar-company-run-by-corrupt-congressmans-nephew/ ^ | 7/11/10

Posted on 07/11/2010 5:53:30 AM PDT by macquire

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We would never learn of this on ABC, NBC, CBS, MSNBC who TOUTED OBama's Solar Energy grants, but never mentioned the corruptness of the principals.
1 posted on 07/11/2010 5:53:32 AM PDT by macquire
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To: macquire

There is a direct link between Obama, Abenoga Solar and the Middle East. IMO, this is a way to funnel billions of American dollars to the Middle East.

http://indyposted.com/30639/2-billion-to-fund-solar-power-projects-in-us/

http://www.abengoasolar.com/corp/web/en/about_us/general/news/archive/2010/solar_20100609.html


2 posted on 07/11/2010 5:59:59 AM PDT by txlurker
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To: macquire

FOUR HUNDRED MILLION

Bingo- the Kankjorski grifters finally tapped into a mother lode of government graft


3 posted on 07/11/2010 6:00:48 AM PDT by silverleaf (Those who can make you believe absurdities can make you commit atrocities.)
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To: txlurker

I looked them up when this was first announced, it looked to me like that Abenoga Solar company is based in Spain (?)


4 posted on 07/11/2010 6:02:35 AM PDT by TiredofItalltoo (tiredofitalltoo)
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To: macquire

we gotta get these people outta there - soon


5 posted on 07/11/2010 6:03:57 AM PDT by WorkerbeeCitizen (They do not wish to govern us, they wish to RULE us!)
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To: macquire

Nepotism/neo-fascism and a thug POS congressman behind it all. In order to make a more perfect union, a lamp-post should have Paul Kanjorski’s name on it.


6 posted on 07/11/2010 6:12:05 AM PDT by PGalt
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To: macquire
In the Capitalist/Free Enterprise world, these people would have been brought up on fraud, embezzlement and corruption charges. Instead, they are being rewarded with 10 times the amount they stole the first time.

I guess they did such an effective and thorough job of squandering the taxpayer's money, that MaObama has decided that they really do have the right stuff to be in charge of his agenda.

7 posted on 07/11/2010 6:13:52 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: macquire

ping for later


8 posted on 07/11/2010 6:15:40 AM PDT by Vinnie (You're Nobody 'Til Somebody Jihads You)
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To: macquire
Tip of the iceberg - see Wind Capitol Group, Carnahans & McCaskill - 90 million in stimulus $ for wind turbines in Missouri.Crime Inc. brought to you by Obamao.
9 posted on 07/11/2010 6:16:21 AM PDT by Apercu ("A man's character is his fate" - Heraclitus)
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To: TiredofItalltoo
Can this moron be stopped, congress will go on a spending binge after the Nov elections.
10 posted on 07/11/2010 6:17:02 AM PDT by boomop1
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To: macquire; Liz; hoosiermama; penelopesire; STARWISE; onyx

“Obama touts $400M loan to solar company run by corrupt congressman’s nephew”


(no links)

KANJORSKI: ETHICS REPORTS OLD NEWS
Times Leader, The (Wilkes Barre, PA) - Thursday, June 21, 2007
Author: SHEENA DELAZIO sdelazio@timesleader.com

EXCERPT

The Republican group’s press release cites a Democrat Ethics Report that suggests Kanjorski “steered over $9 million in federal funding to Cornerstone Technologies , a company run by Kanjorski’s daughter and nephews.”

The NRCC’s report totaled the money Kanjorski paid to a family business and several family members at over $9.5 million. The report stated Kanjorski gave money to K&K Real Estate, a business he co-owns with his brother, and from 1999 to 2002, earmarked nearly $9.4 million to Cornerstone Technologies Inc., owned by Kanjorski’s nephews, and its sister company Pennsylvania Micronics.

//

MOST OF $1.34M CORNERSTONE DEBT TO GO UNPAID
Times Leader, The (Wilkes Barre, PA) - Saturday, March 29, 2008
Author: ANDREW M. SEDER aseder@timesleader.com
WILKES-BARRE - After more than a year in the hands of a court-appointed trustee, the bankruptcy case of Cornerstone Technologies is nearing an end. And, creditors seeking a portion of $1.34 million they say they’re owed will receive little or nothing.

The research company, owned by the daughter and four nephews of U.S. Rep. Paul E. Kanjorski, D-Nanticoke, was to use water-jet technology capable of pulverizing materials and minerals into microscopic pieces that could be used in high technology applications. Funded with $9.2 million in federal defense earmarks secured by the congressman, the company halted operations in 2003. Company officials filed for Chapter 7 bankruptcy Sept. 26, 2006 with Cornerstone reporting $14,100 in assets compared with $1.34 million in debt, according to bankruptcy court records.


11 posted on 07/11/2010 6:17:17 AM PDT by maggief
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To: maggief
Just another Democrat political family Ponzi Scheme. The Press will not let this get anywhere.
12 posted on 07/11/2010 6:22:13 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: PSYCHO-FREEP

Lead story on tonight’s NBC Nightly (not)...


13 posted on 07/11/2010 6:29:20 AM PDT by Eric in the Ozarks (Impeachment !)
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To: macquire
OK, would someone help me out here? I'm no MBA, I'm just a 'rock scientist' (rock, not rocket--no E.T.), but how do you end up with only $14,100 in assets compared with $1.34 million in debt if you aren't looting the bejeebers out of the company?
14 posted on 07/11/2010 6:35:37 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Smokin' Joe
how do you end up with only $14,100 in assets compared with $1.34 million in debt if you aren't looting the bejeebers out of the company?

Careful planning,clever accounts and shrewd attorneys¿?

15 posted on 07/11/2010 6:43:21 AM PDT by DUMBGRUNT (The best is the enemy of the good!)
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To: silverleaf

V.P of Marketing + Legacy Slacker = Corporate Deadwood for sure!


16 posted on 07/11/2010 6:46:57 AM PDT by Ukiapah Heep (Shoes for Industry!)
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To: Eric in the Ozarks

If this were a Republican President, the media “outrage” would become a household word in mere hours.


17 posted on 07/11/2010 6:49:02 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: macquire

Do you mean the solar companies that banks now deem a risk?


18 posted on 07/11/2010 6:53:53 AM PDT by jetson
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To: maggief

Good grief. Is there any limit to the hypocrisy of the media and the corruption of the democrats in power? The amount of graft,greed and lawlessness in this administration and the democrat party is staggering these days. How long is this abuse of power going to be tolerated?


19 posted on 07/11/2010 6:55:34 AM PDT by penelopesire ("Did you plug the hole yet daddy?")
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To: macquire
The combination of green economy central command communism and Ci-cago corruption is a perfect fit — for the destruction of the constitutional rule of law and America.
20 posted on 07/11/2010 6:55:52 AM PDT by AmericanVictory (Should we be more like them or they more like we used to be?)
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