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The ''phony sloyndra scandal''
http://northwestindiana.com/discussionforum/viewtopic.php?f=7&t=10687		 Page 5 of 5
Author:  Moby Grape [ Tue Aug 28, 2012 11:07 am ]
Post subject:  Re: The ''phony sloyndra scandal''
Quote:
Solyndra investors could reap tax windfall
Washington Times, by Jim McElhatton

Two investment companies stand to receive hundreds of millions of dollars in tax breaks under a bankruptcy exit plan for failed solar company Solyndra, government lawyers say.

Nearly a year to the day after the solar company filed for bankruptcy owing taxpayers more than $500 million, Solyndra is poised to restructure under a deal that government lawyers fear could provide a tax windfall to the investors.

The investment companies, Argonaut Ventures and Madrone Capital Partners, may be able to use net operating losses at Solyndra to avoid “hundreds of millions of dollars in future income taxes” unrelated to the solar company, according to a recent court filing by government lawyers.

In addition to earlier financing, both companies provided $75 million to Solyndra last year in a controversial restructuring deal approved by the Department of Energy (DOE) that allowed the financiers to be paid back before taxpayers in case of a default.

Taxpayers are expected to receive little of the $528 million that Solyndra still owes the government, but DOE officials have defended the restructuring, saying it was the best chance of keeping Solyndra in business.

http://www.washingtontimes.com/news/201 ... -windfall/
Author:  Moby Grape [ Wed Sep 05, 2012 7:21 am ]
Post subject:  Re: The ''phony sloyndra scandal''
Quote:
Red Carpet for Solyndra Figure at Democratic Convention
ABC News, by Brian Ross & Matthew Mosk

The Obama campaign rolled out the red carpet this week for a former top Energy Department official who was at the center of the ill-fated government loan to Solyndra, a California solar panel firm that wound up in bankruptcy.

Steven J. Spinner joined other top fundraisers for a VIP tour of the Democratic National Convention floor in Charlotte Monday evening, posing and waving for a photographer while standing behind the podium. When he saw ABC News cameras, however, he ran for the exit.

Spinner was last in the headlines in October, when emails surfaced showing he had pushed for the Solyndra loan from his post in the Energy Department, apparently in an effort to score the loan as a political victory for President Obama.

http://abcnews.go.com/Blotter/red-carpe ... EdRvHkzx8G
Author:  Moby Grape [ Sat Sep 08, 2012 11:19 am ]
Post subject:  Re: The ''phony sloyndra scandal''
dumfuk540 wrote:
The phony solyndra scandal


and this gub'mint parasite has the audacity to call others ''ignorant''



Quote:
Report: Solyndra backers could get more tax breaks
The Hill [Washington, DC], by Zack Colman

Bankrupt solar panel maker Solyndra said Friday it could get $23 million in additional tax breaks, a development that angered Republicans who have said the firm got a federal loan guarantee as a political favor.

Reuters reported that a bankruptcy judge said on Friday that Solyndra’s creditors could vote on the bankruptcy plan with the additional tax breaks. A final decision would come Oct. 17 -- just weeks before the Nov. 6 election.

Solyndra already had disclosed it could be eligible for $341 million-worth of tax breaks.

The revelation that more tax breaks could be in the offing bought charges from Republicans that the loan guarantee to Solyndra, whose venture capital backer had ties to the Obama administration, was spoils for support.

“One year after Solyndra filed for bankruptcy, we continue to learn the ugly truth of Solyndra’s sweetheart restructuring deal,” House Energy and Commerce Chairman Fred Upton (R-Mich.) and subcommittee on Oversight and Investigations Chairman Cliff Stearns (R-Fla.) said in a Friday statement to The Hill.

The Internal Revenue Service plans to dispute the bankruptcy plan, Reuters noted.

http://thehill.com/blogs/e2-wire/e2-wir ... tax-breaks
Author:  -={ARCLIGHT}=- [ Fri Oct 26, 2012 1:35 pm ]
Post subject:  Re: The ''phony sloyndra scandal''
AUDIT: Green jobs stimulus program had 16 percent success rate
Author:  Moby Grape [ Thu Nov 01, 2012 1:23 pm ]
Post subject:  Re: The ''phony sloyndra scandal''
DUMBOS buddies get another walk.


Quote:
Obama Fundraiser Is Winner
in Solyndra Bankruptcy Ruling
New American, by Jack Kenny

A major fundraiser for President Obama's reelection campaign appears to be the biggest winner from a ruling by the U.S. Bankruptcy Court in Wilmington, Delaware, last week in favor of an exit plan for Solyndra LLC, the failed manufacturer of solar panels and the recipient of a $535 million government-guaranteed loan under the President Obama's economic stimulus plan, passed by Congress in 2009. Losers include the American taxpayers, whose combined losses from the failed loan and the bankruptcy settlement could be nearly $850 million, according to the chairman of the House Oversight and Government Affairs Committee.

http://thenewamerican.com/tech/energy/i ... tcy-ruling
Author:  chuckmo48 [ Sat Nov 15, 2014 10:05 am ]
Post subject:  Re: The ''phony sloyndra scandal''
Solyndra loan program vilified by Republicans turns a profit
Quote:
The U.S. expects to earn $5 billion to $6 billion from the federal program that funded Solyndra, bolstering President Barack Obama's decision to back low-carbon technologies.

Quote:
The program's biggest success story has been Tesla Motors. The Elon Musk-backed electric carmaker paid back its $465 million federal loan nine years early. Abengoa, which received a $132.4 million guarantee, opened in October a biofuels plant in Kansas.

http://www.mercurynews.com/business/ci_26932589/solyndra-loan-program-vilified-by-republicans-turns-profit

Typical rethuglicon short-sightedness...Shoot from the hip reactions...
Author:  -={ARCLIGHT}=- [ Sat Nov 15, 2014 6:14 pm ]
Post subject:  Re: The ''phony sloyndra scandal''
New Ebola Czar, Ron Klain: Of Hanging Chads And Securing Millions For Solyndra

Image

No medical experience, lots of ‘fixer’ experience

Quote:
Bridget Johnson reported earlier that President Obama has appointed Ron Klain to become Ebola czar.

Klain’s career is not in medicine, epidemiology, or any field related to disease control or prevention.

Klain is a laywer, a K Street lobbyist, and a career Democrat party operative. Klain is not a doctor. He is a Democrat loyalist.

Not only was he involved in Al Gore’s 2000 election recount as Bridget reported, Klain was involved in the Obama administration’s Solyndra debacle.

In January 2012, ABC News reported that Klain, then Vice President Joe Biden’s chief of staff, was right in the middle of the administration’s poor and controversial handling of Solyndra’s bankruptcy.

Senior White House officials knew in late October 2010 that government-backed Solyndra was planning to lay off nearly 20 percent of its workforce just prior to the congressional elections the next month, recently released e-mails show.

E-mails released by the White House last week showed that Heather Zichal, an energy aide to President Barack Obama, relayed the news about the Fremont-based solar firm’s planned layoffs to top White House officials, including Communications Director Dan Pfeiffer and senior adviser Valerie Jarrett and Vice Presidential Chief of Staff Ron Klain.
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