Rss Feed

BANKSTER FILE: BANK OF AMERICA AGREES TO $17BN FINE OVER MORTGAGE FRAUD<----SOURCE ONE----The Debt Slave Scam - The FED Is Our Slave Master? The United States Of Enslavement<----SOURCE ONE----Robin William's Dead Poets Society, Mrs. Doubtfire are top movies on Apple's iTunes following his death<----SOURCE ONE----Illuminati Expert: Dark Secrets Exposed - Evil Wants To Rule The World<----SOURCE ONE----Gerald Celente: Why The Nuts Want World War 3<----SOURCE ONE----Not So Shocking - Martial Law Declared In Ferguson, MO<----SOURCE ONE----Globalist Soroscrats? Soros Controlled Democrat Run Media Won't Say Why Rick Perry Was Indicted?<----SOURCE ONE----Social Media Madness? Louisville 'Purge' Causes Panic As Fear of Mass Murdering Mob Spread<----SOURCE ONE----Alex Jones speaks with radio host George Noory about the events in Ferguson Missouri<----SOURCE ONE----Journalist James O'Keefe Talks About His Viral Video: Osama bin Laden Crosses Border From Mexico To US<----SOURCE ONE----Press Release: New Music Release - The Truth Tale - Really Want To Know You<----SOURCE ONE----Brother Nathanael Who Grew Up Jewish Gives His Take On The Genocide And Holocaust In Gaza<----SOURCE ONE----Buzzed Prankster Does A Creative Prank To Keep From Getting A DUI<----SOURCE ONE----Stranger Than Fiction: Katy Perry’s Secret Illuminati World Of Darkness Exposed<----SOURCE ONE----Biden & Obama Working Overtime To Destroy USA, Use "Children" While They Drone Kill So Many<----SOURCE ONE----The General Public is Mentally Ill, That's How The Globalists Control The Sheep?<----SOURCE ONE----The Second Half Of America's Nightmare, Joe Biden Thinks Africa Is A Nation, Not A Continent<----SOURCE ONE----OBAMA'S EXECUTIVE ORDER DETAILS DETENTION OF SUSPECTED SICK PEOPLE<----SOURCE ONE----R.E.M Was Right, End Of The World As We Know It - Killer Solar Flares - Apocalypse NOW!!<----SOURCE ONE----Why Obama Brought Deadly Ebola And Other Killer Viruses To The U.S.<----SOURCE ONE----Pastor Spends $200,000 of Church's Money to Buy His Own Book to Make it a New York Times Best Seller<----SOURCE ONE----So Many Globalist Puppets? GOP Alienates Its Base To Support Obama's Illegal Alien Invasion<----SOURCE ONE----Rand Paul Wants An Apology From The “PARTISAN CRANKS AND HACKS” At MSNBC<----SOURCE ONE----FEDS DRACONIAN EMERGENCY POWERS IF EBOLA HITS U.S. - COULD KEEP OBAMA IN POWER?<----SOURCE ONE----#HateCrime - Obama's IRS Scandal: Lois Lerner’s Mistreatment Of Conservative Groups Was Driven By Her Political Hostility<----SOURCE ONE----Boehner Is Now An Accessory To Obama's Crimes For Not Impeaching Him, Just Providing Right Cover?<----SOURCE ONE----Israel's Plan To Obliterate Gaza? Wants The Prime Ocean Front Real Estate? The Gas Fields?<----SOURCE ONE----Ranchers Believe Border Collapse Is A Planned Event - The Globalists Conspiracy To Kill The USA?<----SOURCE ONE----#ScaryFood - Russia’s Consumer Watchdog Has Opened An Investigation Into The Quality Of McDonald’s Food<----SOURCE ONE----McDonald's, KFC, Taco Bell, Starbucks And Pizza Hut Caught Up In Scary Chinese Chicken Scandal

Home // News // Feds raid Obama-touted solar panel company, 900 American workers lose jobs after company files bankruptcy

Feds raid Obama-touted solar panel company, 900 American workers lose jobs after company files bankruptcy

Feds raid Obama-touted solar panel company, 900 American workers lose jobs after company files bankruptcy
by Jonathan Benson, staff writer

(NaturalNews) Just days after Fremont, Cal. based solar panel company Solyndra declared bankruptcy and the subsequent layoff of 900 employees, FBI agents raided the company’s headquarters for reasons that have yet to be made public. Solyndra had received more than $500 million in stimulus funds from a federal green energy program to grow and develop new technologies, but the company has now gone downhill.

Solyndra, of course, is the same company that President Obama last year touted as an excellent example of the future of green energy. While touring the company’s facilities, Mr. Obama glowingly spoke of Solyndra’s plan to hire 1,000 more workers, and to make enough solar panels throughout its lifetime to replace eight coal power plants.

Everything has changed, though, as the company scrambles to reorganize and deal with its massive financial problems, which it had allegedly concealed from members of Congress.

“As our investigation continues, we hope to hear directly from Solyndra’s executives next week — the same executives who visited Capitol Hill as part of a PR (public relations) campaign in July and misrepresented the company’s financial situation,” a group of lawmakers is jointly quoted as saying by The Washington Times.

Bookmark and Share

Meanwhile, American taxpayers will likely end up footing the bill for this massive debacle, as most of whatever cash is retrieved from the sale of company assets and equity will go to investors — which according to Zero Hedge includes the George Kaiser Family Foundation (http://www.zerohedge.com/contribute…) — creditors, and company employees. Whatever is left, if anything, will be returned to the government.

The entire charade, however, reeks of fraud and mismanagement. The Solyndra scandal truly is a blow to the government’s green energy initiatives, which have been driving traditional energy industries out of business in favor of wind and solar, only to now have taxpayer dollars squandered by companies receiving taxpayer grants.

Sources for this story include:

http://www.washingtontimes.com/news…

Related Posts Plugin for WordPress, Blogger...

Popular Media From The Web

The Truth Tale - iTunes

Top Trending Music From - The Truth Tale

New Music Promotion - Music By The Truth Tale (Some Songs May Be PG)

Songs Available At: Bandcamp - iTunes - Nimbit - Google Play - Amazon - Spotify

Top Trending Stories From Web
Posted in News, News On The Edge and tagged as , , ,