House panel looks at Solyndra loan re...

House panel looks at Solyndra loan restructuring

There are 48 comments on the KSRO-AM Santa Rosa story from Oct 14, 2011, titled House panel looks at Solyndra loan restructuring. In it, KSRO-AM Santa Rosa reports that:

The Obama administration's decision to restructure a half-billion dollar loan to a failing solar energy company is back in the spotlight as a House panel resumes hearings on solar panel maker Solyndra.

Join the discussion below, or Read more at KSRO-AM Santa Rosa.

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BandMaster

Since: Sep 11

Location hidden

#1 Oct 14, 2011
Obama is giving billions away to his cronies via the Green Agenda. I always new that the Green movement was a vehicle for laundering huge sums of money. Obama is so dull minded that he got caught. Let the trial begin.
BandMaster

Since: Sep 11

Location hidden

#2 Oct 14, 2011
If it says "Green" on it, I won't buy it.
jon

Eatontown, NJ

#3 Oct 14, 2011
they all took the fifth. government salary cuts warranted with firings and more unemployed!
BandMaster

Since: Sep 11

Location hidden

#4 Oct 14, 2011
jon wrote:
they all took the fifth. government salary cuts warranted with firings and more unemployed!
I think Obama should have to pay back the 535 million from Solyndra and the 1.2 billion from Sun Power or go to jail for about 7000 years. He should be in a cell with Bernie Maddoff.

Since: Jun 07

Allentown Pa

#5 Oct 14, 2011
BandMaster wrote:
Obama is giving billions away to his cronies via the Green Agenda. I always new that the Green movement was a vehicle for laundering huge sums of money. Obama is so dull minded that he got caught. Let the trial begin.
The Energy Departmentís loan-guarantee program, enacted in 2005 with bipartisan support, has backed nearly $38 billion in loans for 40 projects around the country. Solyndra represents just 1.3 percent of that portfolio ó and, as yet, itís the only loan that has soured. Other solar beneficiaries, such as SunPower and First Solar, are still going strong.

To say that this is Obama giving away money is silly. That is of course unless you watch Fox News. Then that's all they've talked about. You had no idea that this was a tiny portion of a much larger program.

“i hope we can change this!”

Since: Aug 08

usa

#8 Oct 14, 2011
sofa_king_cool wrote:
<quoted text>The Energy Departmentís loan-guarantee program, enacted in 2005 with bipartisan support, has backed nearly $38 billion in loans for 40 projects around the country. Solyndra represents just 1.3 percent of that portfolio ó and, as yet, itís the only loan that has soured. Other solar beneficiaries, such as SunPower and First Solar, are still going strong.
To say that this is Obama giving away money is silly. That is of course unless you watch Fox News. Then that's all they've talked about. You had no idea that this was a tiny portion of a much larger program.
brilliant!
vilify fox news for covering a story the mainstream would have shit a brick about had it happened under bush's watch...
(and, rightfully so!)

to call you a partisan hack is too kind.
Mothra

Prescott Valley, AZ

#10 Oct 14, 2011
sofa_king_cool wrote:
<quoted text>The Energy Departmentís loan-guarantee program, enacted in 2005 with bipartisan support, has backed nearly $38 billion in loans for 40 projects around the country. Solyndra represents just 1.3 percent of that portfolio ó and, as yet, itís the only loan that has soured. Other solar beneficiaries, such as SunPower and First Solar, are still going strong.
To say that this is Obama giving away money is silly. That is of course unless you watch Fox News. Then that's all they've talked about. You had no idea that this was a tiny portion of a much larger program.
plagiarist

“Here we go!”

Since: Feb 07

Tampa, FL

#11 Oct 14, 2011
Even if he is, he and the real author are missing the point of the investigation. It's not that the loan WAS made, its the WAY it was made. The fact that the vetting process was curtailed for a photo op is why the Administration is in trouble.

Also, the 1.2 billion that went to SunPower helped them ship their solar panel manufacturing jobs to Mexico. Where they will be manufactured substandardly (ask anyone who has recently bought a Maytag), and on top of that they won't even be able to ship the solar panels anywhere, because the Cartels have confiscated all of the semi trucks.

Thanks BO.
Mothra wrote:
<quoted text>
plagiarist
Ross

Lady Lake, FL

#12 Oct 14, 2011
Odummy gives billions to the unions and supposedly green companies. The unions and company senior management then bundle money from employees and give it back to the democrat party.

Unions and companies like Solyndra are nothing more than money laundering outfits for this corrupt administration and the democrat party.

Since: Jun 07

Allentown Pa

#13 Oct 14, 2011
carey529 wrote:
<quoted text>
brilliant!
vilify fox news for covering a story the mainstream would have shit a brick about had it happened under bush's watch...
(and, rightfully so!)
to call you a partisan hack is too kind.
Again, you know so much about Solyndra, but very little of the 5 year program that began under Bush that granted Solyndra the loan. You didn't know that the loan only accounted for 1.3% of the total cost of the bill BUSH signed. You didn't know that the Bush administration made Solyndra a finalist for the loan and they were reaching approval by the Department of Energy before Obama took office.
Why? Because that would ruin the manufactured scandal.

Washington Republicans and some in the media have seized upon the unfortunate bankruptcy of Solyndra, a company once regarded as one of the most innovative in the world and which the Wall Street Journal last year said might be "the Next Big Thing," to try to invent a scandal. This is not a new thing in Washington. The Republican recipe is familiar: cherry-pick the facts and evidence; release just enough to the media without showing the whole picture; create a bubble of media coverage from conservative news outlets; use congressional hearings like the set of a TV show. It sure looks real, so it must be real, right? But the facts keep getting in the way.
http://www.drudge.com/news/148719/matzzie-the...

Since: Jun 07

Allentown Pa

#14 Oct 14, 2011
Mothra wrote:
<quoted text>
plagiarist
Still true. Which should really bother you.
Dizzy Democrats

Markham, Canada

#15 Oct 14, 2011
sofa_king_cool wrote:
<quoted text>The Energy Departmentís loan-guarantee program, enacted in 2005 with bipartisan support, has backed nearly $38 billion in loans for 40 projects around the country. Solyndra represents just 1.3 percent of that portfolio ó and, as yet, itís the only loan that has soured. Other solar beneficiaries, such as SunPower and First Solar, are still going strong.
To say that this is Obama giving away money is silly. That is of course unless you watch Fox News. Then that's all they've talked about. You had no idea that this was a tiny portion of a much larger program.
News is on this because it was a loan rejected by the Bush admin as imprudent use of tax money under the program, and then revived by Obama because sOlyndra emphasized the O in their logo. Out of all the loans approved in the program, these two happen to be the two sOur loans to default. Of course it's news, and Obama who met the venture capitalist privately at the WH on several occasions would be in the news. It's not going to be in the news, if the loan was good. But you dweebs try to spin it as Fox created news, which it is not. It is under national attention due to the outrageous negligent manner in which it received government support. In the news also is BP Oil and how Obama skipped safety steps to let them begin drilling. You are going to claim BP was a Fox news sensation too? You democrat dweebs are hysterical in what you try to pass as rationale. Desperation is clearly on your side.
Dizzy Democrats

Markham, Canada

#16 Oct 14, 2011
sofa_king_cool wrote:
<quoted text>Again, you know so much about Solyndra, but very little of the 5 year program that began under Bush that granted Solyndra the loan. You didn't know that the loan only accounted for 1.3% of the total cost of the bill BUSH signed. You didn't know that the Bush administration made Solyndra a finalist for the loan and they were reaching approval by the Department of Energy before Obama took office.
Why? Because that would ruin the manufactured scandal.
Washington Republicans and some in the media have seized upon the unfortunate bankruptcy of Solyndra, a company once regarded as one of the most innovative in the world and which the Wall Street Journal last year said might be "the Next Big Thing," to try to invent a scandal. This is not a new thing in Washington. The Republican recipe is familiar: cherry-pick the facts and evidence; release just enough to the media without showing the whole picture; create a bubble of media coverage from conservative news outlets; use congressional hearings like the set of a TV show. It sure looks real, so it must be real, right? But the facts keep getting in the way.
http://www.drudge.com/news/148719/matzzie-the...
LIES AGAIN.

Solyndra was rejected by Bush. They applied, so Bush admin was required to review their application. But it was rejected.

Solyndra execs and their private investors met with Obama at the WH on several occasions before receiving the loan. Again, the Solyndra reps met with Obama privately, and even bragged about it. To blame it on Bush now, lmao, is soliquetious. Of course, that doesn't stop Obama himself from stating for the record that Bush MADE HIM DO IT. What kind of fcukkin' idiot leader of a country says someone else made him do it.
Gary

Bellingham, WA

#17 Oct 14, 2011
The facts:

"Lobbyists with tight GOP connections helped the clean technology start-up company headed by a registered Republican. Arnold Schwarzenegger, Californiaís former GOP governor, was there for pivotal moments as Solyndra was born. And Solyndra got its federal footing thanks to a program in the 2005 energy law signed by President George W. Bush and passed by a Congress controlled entirely by Republicans.

'This loan guarantee was pursued by both the Bush and Obama administrations,' said White House spokesman Eric Schultz."
Mothra

Prescott Valley, AZ

#18 Oct 14, 2011
sofa_king_cool wrote:
<quoted text>Still true. Which should really bother you.
What a laugh.
A proven thief and liar has no credibility.

“Here we go!”

Since: Feb 07

Tampa, FL

#19 Oct 14, 2011
The Facts: An inexperienced Administration circumvented standard procedures when approving the loan, and later probably broke federal law when they loan was restructured.

And got caught.
Gary wrote:
The facts:
"Lobbyists with tight GOP connections helped the clean technology start-up company headed by a registered Republican. Arnold Schwarzenegger, Californiaís former GOP governor, was there for pivotal moments as Solyndra was born. And Solyndra got its federal footing thanks to a program in the 2005 energy law signed by President George W. Bush and passed by a Congress controlled entirely by Republicans.
'This loan guarantee was pursued by both the Bush and Obama administrations,' said White House spokesman Eric Schultz."
BandMaster

Since: Sep 11

Location hidden

#20 Oct 14, 2011
sofa_king_cool wrote:
<quoted text>The Energy Departmentís loan-guarantee program, enacted in 2005 with bipartisan support, has backed nearly $38 billion in loans for 40 projects around the country. Solyndra represents just 1.3 percent of that portfolio ó and, as yet, itís the only loan that has soured. Other solar beneficiaries, such as SunPower and First Solar, are still going strong.
To say that this is Obama giving away money is silly. That is of course unless you watch Fox News. Then that's all they've talked about. You had no idea that this was a tiny portion of a much larger program.
Obama is giving his bundlers gifts using our money and using the GREEN agenda as a money laundering vehicle. Any adult would realize that immediately. I might have been born at night, but it wasn't last night.
Dizzy Democrats

Orange, CA

#21 Oct 14, 2011
Gary wrote:
The facts:
"Lobbyists with tight GOP connections helped the clean technology start-up company headed by a registered Republican. Arnold Schwarzenegger, Californiaís former GOP governor, was there for pivotal moments as Solyndra was born. And Solyndra got its federal footing thanks to a program in the 2005 energy law signed by President George W. Bush and passed by a Congress controlled entirely by Republicans.
'This loan guarantee was pursued by both the Bush and Obama administrations,' said White House spokesman Eric Schultz."
Key words there, White House spokesman, Eric Schultz, hired spinmaster.

Facts are, anyone can look it up: Soyndra applied under the 2005 program which encouraged companies to apply. The application was reviewed in full and finally rejected by Bush. No one solicited Solyndra specifically. They were free to apply. To say the loan guarantee to Solyndra was specifically "pursued" by Bush admins is misrepresentation. They cannot pursue it if they had rejected it.

Obama's fingerprints are on the final signing of the loan guarantee, which was also RESTRUCTURED by Obama after discussions with his campaign donor and Solyndra investor, to favor the private investor over tax payers. No one put him under the gun to sign the newly restructured loan guarantee except the private investor and Obama himself.

No leader should be a puppet of someone else the way Obama is. His hidden background has lent itself to bribery and blackmail by his rich sponsors who promise to hide his identity and past as long as he cooperates.
Ross

Lady Lake, FL

#22 Oct 14, 2011
Dizzy Democrats wrote:
<quoted text>
Key words there, White House spokesman, Eric Schultz, hired spinmaster.
Facts are, anyone can look it up: Soyndra applied under the 2005 program which encouraged companies to apply. The application was reviewed in full and finally rejected by Bush. No one solicited Solyndra specifically. They were free to apply. To say the loan guarantee to Solyndra was specifically "pursued" by Bush admins is misrepresentation. They cannot pursue it if they had rejected it.
Obama's fingerprints are on the final signing of the loan guarantee, which was also RESTRUCTURED by Obama after discussions with his campaign donor and Solyndra investor, to favor the private investor over tax payers. No one put him under the gun to sign the newly restructured loan guarantee except the private investor and Obama himself.
No leader should be a puppet of someone else the way Obama is. His hidden background has lent itself to bribery and blackmail by his rich sponsors who promise to hide his identity and past as long as he cooperates.
You are confusing that dumb ass with the facts. He would probably believe a lie.
sue

Enfield, CT

#23 Oct 14, 2011
Green=Teaching us to live like third worlders.

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