Solargate

[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

[Riot]

Originally Posted by dellinger63

Nothing going on here folks, move along.

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

Hey, Dell - why don't you guys mention the "right wing" owners and big political donators also associated with Solandra? Like well-known Republican supporters, the Waltons of Wal-Mart? Or that Bush tried to get the loan to Solandra through before Obama took office?

Then please, go over your outrage about Haliburton.

Geesh, the Obama-haters are beyond desperate ....

[Danzig]

Originally Posted by dellinger63

Nothing going on here folks, move along.

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

this is the part i found interesting:

The company applied for a loan guarantee in December 2006, filing under a program created by George W. Bush's administration. It received a conditional commitment for $535 million in March 2009, shortly before Spinner arrived.

In the months that followed, department staffers negotiated the final terms and provided the Office of Management and Budget with data as it assessed the risks of the deal.

In August 2009, while that risk assessment was underway, White House officials began expressing interest in having Vice President Joe Biden announce the deal during a trip to California the following month, according to emails released to House investigators this week. That spurred exchanges between officials

at the White House, the Energy Department and the OMB about whether they could speed up the final approval.Spinner was the recipient of at least one of the emails, administration officials confirmed Friday — an Aug. 25, 2009, message from Biden's office saying that "we would want the VP [to] satellite into the event on 9/4. It's the same day the unemployment numbers come out, and we'd want to use this as an example where the Recovery Act is helping create new high tech jobs."

[Riot]

Originally Posted by Danzig

this is the part i found interesting:

The company applied for a loan guarantee in December 2006, filing under a program created by George W. Bush's administration.

Yeah. And you might go back and look at that time in the Bush administration trying to rush that loan guarantee through without vetting before Obama was elected, with help from Republican donors.

No, better to try and create political drama where little exists! Even though Solandra was going belly up a year ago.

The worse that happened here was yeah, the government gave money to a company that lost it. You know, like we've done before? Boeing ring a bell? The capitalist free market - it sucks when it's a real company, and not a money-making set-up like many of the Wall Street stock manipulations that pass for "business" today.