Friday, September 30, 2011

Crony Capitalism: A Concise History of Obama’s Solyndra Scandal

Bernie Madoff is serving a 150 years prison sentence for defrauding investors out of billions of dollars. With Bernie, people entrusted their money with him believing he was going to invest their money in legitimate investments. Well they all found out that wasn't the case. He was using the money to pay for his well to do lifestyle as well as pay off earlier investors in an attempt to keep the Ponzi scheme going. The one thing about frauds is that eventually given enough time, they become exposed. Speaking of fraud, a Solar panel manufacturing company by the name of Solyndra went bankrupt and was also raided by the FBI two weeks ago. Some of you may be wondering what does that have to do with anything. Well, Solyndra was given a five hundred and thirty five million dollar loan. This loan wasn't made by banks or private investors, it was made by the Obama Administration. Sarah Palin brought up the issue about crony capitalism in her tea party speech in Iowa earlier this month. Tell me if what happened in the case of Solyndra smells like back door, Chicago style,wheeling and dealing, crony capitalism fraud. It smells like it to me. Since five hundred and thirty five million dollars of tax payer money has been in essence flushed down the toilet in this green "investment" thing, shouldn't people go to jail over this?

4 Comments:

Anonymous Anonymous said...

Last week, the executives were willing to answer all questions and had nothing to hide. When they went before the senate investigative committee, by the advise of their lawyers, they plead the Fifth. They're hiding something.

They're hiding something all right. Like spending the tax-payers money like water for for a frivolous lifestyle.

10:47 PM  
Blogger JD Curtis said...

Solyndra is only the tip of the iceberg

10:09 AM  
Anonymous Anonymous said...

Speaking of Crony Capitalism, get a load of this. What are these folks protesting over? Seems to me certain key players who are involved raise some very dangerous and questionable concerns for me.

http://video.foxnews.com/v/1196799536001/what-do-occupy-wall-street-protesters-stand-for/?playlist_id=87262

http://video.foxnews.com/v/1198132469001/wall-street-protests-vs-tea-party-protests/?playlist_id=87262

http://video.foxnews.com/v/1198236126001/economic-protests-spread-across-country/?playlist_id=87937

2:25 AM  
Anonymous Anonymous said...

You know as amusing as this video is, the Government could learn from it. It almost plays like a Tea Party message.

http://youtu.be/19Ez-g-PK60

2:50 AM  

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