ChemE Stewart <[email protected]> wrote:
> The real play with Ivanpah was the IPO, which failed. That way the crooks > would have had the taxpayers pay for it the first time and then investors > buy it a second time while they suck the money out and bankrupt it. > This makes no sense. If the investors first borrow money from the government and then do an IPO, they have to return the loan with the IPO money. You cannot keep both the loan and the IPO money. The taxpayers would not "pay for it the first time." They don't "pay for" anything. They lend you the money. You pay for it. You also have to return the loan with any profit you make. You cannot choose not to pay back a loan! As long as the power company continues to buy electricity from this installation, the taxpayers will get their money back eventually. - Jed
