Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $12,863
15%  
Woo hoo!! And now less than $100 to reach 16%!! Thank you all very much!! God bless.

Keyword: solyndraauction

Brevity: Headers | « Text »
  • Solyndra to Auction Assets, But Taxpayers Won’t See a Dime

    10/22/2011 5:33:56 PM PDT · by opentalk · 26 replies
    Heritage ^ | October 21, 2011 | Lachlan Markay
    As part of its bankruptcy proceedings, defunct solar company Solyndra will auction off thousands of items from its California production facility on Nov. 2 and 3. But taxpayers won’t see a dime of the proceeds, due to the Energy Department’s decision to subordinate taxpayers to Solyndra’s private financiers in repayment of their investments.As I explained in a Friday column in the Washington Examiner, DOE has developed an unprecedented interpretation of the law to allow Solyndra’s private investors to recoup $75 million of their investment before taxpayers are repaid.Heritage Global Partners, which is conducting the auction, told Scribe that the money...