Solargate

[Riot]

Originally Posted by geeker2

$535,000,000 taxpayer's money gone....criminal.

http://www.investors.com/NewsAndAnal...-Unraveled.htm

The money being gone isn't any more criminal than the money being gone into CEO bonuses for the banks that were bailed out.

If there was something illegal going on, absolutely heads should roll.

[wiphan]

Originally Posted by Riot

The money being gone isn't any more criminal than the money being gone into CEO bonuses for the banks that were bailed out.

If there was something illegal going on, absolutely heads should roll.

Except for the fact that the banks paid back the money plus interest to the government for the bail outs

[jms62]

Originally Posted by wiphan

Except for the fact that the banks paid back the money plus interest to the government for the bail outs

Or Not

http://projects.propublica.org/bailout/main/summary

The total amount invested in Fannie and Freddie so far is $169 billion. They have returned none of the money invested so far—and might never do so.

[wiphan]

Originally Posted by jms62

Or Not

http://projects.propublica.org/bailout/main/summary

The total amount invested in Fannie and Freddie so far is $169 billion. They have returned none of the money invested so far—and might never do so.

Fannie and Freddie are not banks and shouldn't be lumped in the same category. AIG is not a bank. Auto companies are of course not a bank. The Government's mortgage modification programs, FHA, etc are not a bank

How much money is left to pay by specifically the BANKS, escpecially any large institutions? How much did the banks pay in dividends, interest, etc.?

Did you know that the government forced many of the banks to take the money even though they didn't want it? It was described by a top CEO of a bank as a scene out of the god father. Many knew they didn't want it because of the unintended consequences of taking the money, which in turn is a major part of the problem with the economy. Banks are afraid to lend money to anyone with any risk because of the government intervention into their business.

[jms62]

Originally Posted by wiphan

Fannie and Freddie are not banks and shouldn't be lumped in the same category. AIG is not a bank. Auto companies are of course not a bank. The Government's mortgage modification programs, FHA, etc are not a bank

How much money is left to pay by specifically the BANKS, escpecially any large institutions? How much did the banks pay in dividends, interest, etc.?

Did you know that the government forced many of the banks to take the money even though they didn't want it? It was described by a top CEO of a bank as a scene out of the god father. Many knew they didn't want it because of the unintended consequences of taking the money, which in turn is a major part of the problem with the economy. Banks are afraid to lend money to anyone with any risk because of the government intervention into their business.

And they also held a gun to Bank of America's head to buy Countrywide and Merril. I'm from they are all crooks party.

[wiphan]

Originally Posted by jms62

And they also held a gun to Bank of America's head to buy Countrywide and Merril. I'm from they are all crooks party.

I agree. Republican, Democrat, Bernanke, etc. all freakn crooks

[dellinger63]

The White House faced mounting political complications as a second top fundraiser for President Obama was linked to a federal loan guarantee program that backed a now-bankrupt Silicon Valley solar energy company, and as two California lawmakers called for investigations of a state tax break granted to the firm.

Steve Spinner, who helped monitor the Energy Department's issuance of $25 billion in government loan guarantees to renewable energy projects, was one of Obama's top fundraisers in 2008 and is raising money for the president's 2012 reelection campaign.

Spinner did not have any role in the selection of applicants for the loan program and, in fact, was recused from the decision to grant a $535-million loan guarantee to Solyndra Inc. because his wife's law firm represented the company, administration officials said Friday.

But Spinner's role as a top official in the Energy Department program, which had not been previously revealed, is likely to spur new inquiries into whether political influence played a role in the handling of the "green" energy fund. Solyndra faces a congressional probe, a criminal investigation and separate internal inquiries at the Energy and Treasury departments.

Nothing going on here folks, move along.

http://www.chicagotribune.com/news/n...,1142974.story