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Solyndra was a Warmup for the SunPower Debacle.

TimoneX

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#1
Obama's Problem With Solyndra: It's A Warm Up For SunPower
Saturday, October 15, 2011
http://notionalvalue.blogspot.com/2011/10/obamas-problem-with-solyndra-its-warm.html

Solyndra was a classic crony inside deal; a quid pro quo. It is no shock, given our captured electoral process, where the candidate with the most money wins 94% of the time. The new twist, is a classic IMF type maneuver that assured the elite private investors realize no losses. When it became apparent the company was going to fail the loan package was renegotiated moving private investors ahead of the public's loan guarantee, leaving the Taxpayer Holding The Bag. You see, as with the $1.2 Billion SunPower scam below, in the NWO Game of Debt Slavery Economics the House Always Wins and You Are The Mark.

SunPower: Twice As Bad As Solyndra, Twice As Bad For Obama
by Neil W. McCabe
http://www.humanevents.com/article.php?id=46761

"If $80 million per permanent job seems a little high, even for the current Obama administration, you are correct."

How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.

The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization.

http://www.humanevents.com/article.php?id=46761

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Seems investors are likewise unimpressed:

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