But I remember the GM bankruptcy. Did the bond holders get the money they were entitled to? No. They got screwed so that the government could get a better deal.
I don't like Solyndra at all, but there seems to be a deal in place. Is the government going to ignore the agreement, screw the intended beneficiaries and try to finagle a sweet deal for the gov't?
This is why businesses won't take risks or hire people. Whatever they do, there is a real danger that the feds will come along and wipe the slate clean and say "Here's the deal that allows me to makeout real well, and you not so much."
But if they take that money from Kaiser, he will not have as much to give to Obama! I am sure that this will get settled after the 2012 election so that Barry can get his money from Kaiser and Kaiser can keep the money from Barry. Isn’t that what the left calls fair and balanced??
Let’s add some Claw Back to that Cram Down
http://www.freerepublic.com/focus/f-news/2779279/posts
On July 29, 2011 (just five-weeks before going bankrupt) Solyndra (“SOL”) entered into a transaction whereby it sold both the Accounts Receivables (IOUs from panels sold) and the Inventory (panels) of the company ("the A/R Transaction”). Solyndra Financial (“SOLF”) (a subsidiary of SOL) was the seller. The purchaser was a newly formed company called Solyndra Solar II LLC (“SSII”). The following is the only information that I could find about SSII. Note that the company was organized in the Sate of Delaware one-day before the sale of significant assets of SOL.
Hussein took the taxpayers for half a billion after warning flags were being thrown at him from all corners. It was fraud, pure and simple—except if one is above the law.
The whole deal was bogus and fraud should definitely be uncovered.
As much money the tax payer paying out for Obama’s screw ups he should at least give us a chevy Volt with a solar panel.
People need to understand one basic tenet about this lawless administration: the rule of law no longer exists. The law is what the fascists say the law is. It’s up to the people to correct this situation and apply the proper rule of law by whatever means necessary.