Wait a minute. It was a 535 million, not 535 billion, federal loan guarantee. This would have made it easy for Solyndra to acquire loans as Uncle Sam was a cosigner/guarantee. Solyndra filed bankruptcy under chaper 11, which is a reorganization.
#------------------------------------ Excerpt: Solyndra has garnered the spotlight not only for its unusual technology but also for receiving a hefty federal loan guarantee of $535 million to build a factory. Solyndra broke ground on the factory project just before Labor Day in 2009 and completed the factory last year. Solyndra has also raised close to a billion dollars in equity and loans. http://gigaom.com/cleantech/solyndra-to-file-for-bankruptcy-lay-off-1100/ #---------------------------------- Regards, LelandJ On 09/08/2011 10:10 PM, Carl Lindner wrote: > What nice thoughts. Obammer provided Solyndra with 535 or so billion. > Eleven hundred or so were employed before they did the bankruptcy thing. So > for the sake of simple math, I divide 535,000,000,000 by 1,000. So, I just > drop the last three zeros from 535,000,000,000 and get 535,000,000 or 535 > million per job. > > What a f good deal. Tell me if my math is incorrect. > > -----Original Message----- > From: [email protected] [mailto:[email protected]] On Behalf > Of Gary Jeurink > Sent: Thursday, September 08, 2011 10:55 PM > To: 'ProFox Email List' > Subject: RE: [OT] More wasted money on green energy. > > Why is that? So we can create a couple more millionaires and shove several > thousand more border-liners from middle-class into poverty? The cure for > cancer is for the sick not the meal ticket for one OVERCHARGING pharmacy > company to make billions on... when it benefits all, it shouldn't always > involve profit for a few! > > > -----Original Message----- > From: Michael Madigan [mailto:[email protected]] > Sent: Thursday, September 08, 2011 3:50 PM > To: ProFox Email List > Subject: Re: [OT] More wasted money on green energy. > > I agree Gary, but it has to be with private venture capital and not taxpayer > money. > > > ----- Original Message ----- > From: Gary Jeurink<[email protected]> > To: 'ProFox Email List'<[email protected]> > Cc: > Sent: Thursday, September 8, 2011 4:16 PM > Subject: RE: [OT] More wasted money on green energy. > > THERE IS NO NOUBT that renewable energy sources will eventually be > competitive with oil (it WILL run out and get gradually/steadily more > expensive). Hydro/wind/solar sources are expensive to install but not to > maintain and they are local. We must develop these now while we have time to > perfect them. You build a boat before the flood not during the flood. > > Gary Jeurink > > -----Original Message----- > From: Michael Oke, II [mailto:[email protected]] > Sent: Thursday, September 08, 2011 1:49 PM > To: ProFox Email List > Subject: Re: [OT] More wasted money on green energy. > > And here comes the FBI. > http://www.businessinsider.com/now-the-fbi-is-raiding-obamas-favorite-solar- > company-2011-9 > > Michael Oke, II > 661-349-6221 > [email protected] > On Sep 1, 2011 2:34 PM, "Michael Madigan"<[email protected]> wrote: >> We're the only country that prevents drilling for oil in our own country. > What's next, ban corn and wheat from being grown so we have to import them > too? >> >> ________________________________ >> From: "Michael Oke, II"<[email protected]> >> To: ProFox Email List<[email protected]> >> Sent: Thursday, September 1, 2011 5:21 PM >> Subject: Re: [OT] More wasted money on green energy. >> >> Guess that you have to lay the blame for that at Obama's feet then. >> >> Michael Oke, II >> 661-349-6221 >> [email protected] >> On Sep 1, 2011 2:01 PM, "lelandj"<[email protected]> wrote: >>> Big oil with all her money, influence, lobbies, and power still rules in >>> Washington. That the country still lacks a holistic energy policy is >>> testimony to the fact. >>> >>> Regards, >>> >>> LelandJ >>> >>> On 09/01/2011 03:13 PM, Michael Madigan wrote: >>>> Every day another failed green company goes belly-up. >>>> >>>> >>>> ________________________________ >>>> From: "Michael Oke, II"<[email protected]> >>>> To: ProFox Email List<[email protected]> >>>> Sent: Thursday, September 1, 2011 2:35 PM >>>> Subject: Re: [OT] More wasted money on green energy. >>>> >>>> I thought that this was old news? Nice to know that US taxpayers are on >> the >>>> hook for the loans to these guys tho. >>>> >>>> Michael Oke, II >>>> 661-349-6221 >>>> [email protected] >>>> On Aug 31, 2011 9:07 PM, "Michael Madigan"<[email protected]> wrote: >>>>> Another giant failure from Obongo. >>>>> >>>>> > http://news.cnet.com/8301-11128_3-20099902-54/solyndra-to-file-for-bankruptc > y-suspends-operations/?tag=mncol;title >>>>> --- StripMime Report -- processed MIME parts --- [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
