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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 175.25+0.6%Dec 19 9:30 AM EST
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To: kech who wrote (195375)8/25/2025 1:00:10 PM
From: Piece of beef7 Recommendations

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I feel much better about this than this insanity...

from perplexity:
how much money did the govenment lose due to the money given to renewable energy companies during the obama administration

The U.S. government lost approximately $780 million to $2.2 billion in taxpayer money due to loan defaults and credit costs from renewable energy companies funded during the Obama administration, notably including the high-profile bankruptcy of Solyndra.

Overview of Losses
  • Government loan guarantees to renewable energy firms under the Obama-era Department of Energy totaled nearly $34 billion.

  • Defaults, including from companies like Solyndra, Fisker Automotive, and Abound Solar, resulted in direct losses calculated at about $780 million—a 2.28% loss rate on total loans disbursed.

  • Expected net costs (including projected losses on risky loans that might default in the future) were estimated by the Government Accountability Office (GAO) to be about $2.2 billion as of 2014, a figure that reflects both actual and anticipated losses over the life of the loans.

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