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To: abb

How is the Energy Dept empowered to make loans like a bank?

And with funds borrowed from China?

Good Grief!

16 posted on 09/30/2011 2:41:22 PM PDT by TexasCajun (Fast & Furious , Solyndra & Light Squared would be enough to impeach any White President !!)

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To: TexasCajun

They created a special government bank to do this, apparently.

20 posted on 09/30/2011 2:46:23 PM PDT by GeronL (The Right to Life came before the Right to Happiness)

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To: TexasCajun

Strictly speaking, the DOE isn't making loans, it's guaranteeing loans. That is, no money goes out the door unless and until (as in the case of Solyndra) the party receiving the loan defaults on the loan.

31 posted on 09/30/2011 3:32:14 PM PDT by Conscience of a Conservative

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To: TexasCajun

No, the Treasury has it’s own little bank. It was on the Fox business channel. The Federal bank is akin to Timmy Geithners personal wallet..funded with Treasury funds..in other words OUR MONEY.

Nice reporting by Elizabeth McDonald, these people need a tar and feather facial...

http://www.foxbusiness.com/markets/2011/09/28/government-bank-financing-more-solyndras/

45 posted on 09/30/2011 7:28:57 PM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)

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