Beacon Power bankrupt; had U.S. backing like Solyndra

http://finance.yahoo.com/news/Beacon-Power-bankrupt-had-US-rb-1349767723.html?x=0&.v=1 ^

[Orange1998]

On Sunday October 30, 2011, 7:21 pm EDT

(Reuters) - Beacon Power Corp filed for bankruptcy on Sunday just a year after the energy storage company received a $43 million loan guarantee from a controversial U.S. Department of Energy program.

The move comes about two months after solar panel maker Solyndra also filed for bankruptcy, setting off criticism of the government loan program.

The department guaranteed $535 million in loans to Solyndra, and Congress is investigating whether political influence played a role.

[Orange1998]

Another one bites the dust.

[the invisib1e hand]

I just read a few hours ago where another bankrupt solar outfit paid its CEO a $30 million severance -- more than the CEO of Chevron.

Can't recall the name, or I'd post the story.

[Westbrook]

I wonder how much they paid to Barry’s campaign fund.

[The_Obama_Gerbil]

And to think those annoying debt collectors are harrassing Americans over disputed/miniscule bills ranging from $500 to $2000.00. Do you think a debt collector will be calling Solyndra soon?

[Army Air Corps]

Ping.

[Army Air Corps]

How many Democrat elected officials were investors in this boondoggle?

[Chode]

[4rcane]

of course political influence played a role. How could you allow private bond holders to get their share first over taxpayers in a bankruptcy. Its almost like you knew it will go bankrupt and you’re protecting your investor friends

[Nachum]

Good one Army Air Corps

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[4rcane]

http://abcnews.go.com/Blotter/car-company-us-loan-builds-cars-finland/story?id=14770875
Obama admin approve funding to build electric cars in FINLAND. Al Gore is an investor

[neverbluffer]

http://energy.gov/articles/obama-administration-offers-59-million-conditional-loan-guarantees-beacon-power-and-nordic

Money from the Stimulus....need more be said!

[Orange1998]

Just follow the money.

[steelyourfaith]

Thanx for the ping Army Air Corps !

 

Beam me to Planet Gore !

[depressed in 06]

...company received a $43 million loan guarantee from a controversial U.S. Department of Energy program.

They must have been pikers in the sludge funding for DumBO, compared to Solyndra.

[Sequoyah101]

Must be just an acquaintance of this administration. A minor donor.

More stimulus slush funds from the obastard stash at work.

[GailA]

That was my first thought, all the stimulus money went to dem donors or unions, which in turn re-funnel the money back to the DNC. And the STUPID GOP lets them do it, and the losing greedy candidates, will not give over their campaign dollars to help the GOP Candidate who takes the Primary for the party head. THE GOP HAS LEFT ME because they have made a LEFT turn toward more Socialism. And I am sick and tired of my income being raided to pay for illegal invaders health care, food, shelter and schooling.

Voting for the lesser of 2 evils is still voting for EVIL!

[maine-iac7]

I suspicion they are all nothing but money laundering deals -

If we still had such a thing as honest investigative reporters - we’d find out where the money was divided up.

The Chicago gang have been doing this for decades.