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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Sdgla who wrote (489)	9/2/2011 12:13:58 PM
From: koan	Read Replies (1) \| Respond to of 85487

What conservatives have not quite grasped, is that in a democracy, we are the government. << The gov didnt bail out the bank(ers)... We did.

To: Sdgla who wrote (489)	9/2/2011 5:44:01 PM
From: Nadine Carroll	2 Recommendations Respond to of 85487

Don't forget, we're bailing out Solyndra's creditors too...$535 million in Federal guaranteed loans to this one company...so much for green jobs... Solyndra Suspends Operations to Evaluate Reorganization Options FREMONT, Calif., August 31, 2011 – Solyndra LLC, the American manufacturer of innovative cylindrical solar systems for commercial rooftops today announced that global economic and solar industry market conditions have forced the Company to suspend its manufacturing operations. Solyndra intends to file a petition for relief under Chapter 11 of the U.S. Bankruptcy Code while it evaluates options, including a sale of the business and licensing of its advanced CIGS technology and manufacturing expertise. As a result of the suspension of operations approximately 1,100 full-time and temporary employees are being laid off effective immediately. Despite strong growth in the first half of 2011 and traction in North America with a number of orders for very large commercial rooftops, Solyndra could not achieve full-scale operations rapidly enough to compete in the near term with the resources of larger foreign manufacturers. This competitive challenge was exacerbated by a global oversupply of solar panels and a severe compression of prices that in part resulted from uncertainty in governmental incentive programs in Europe and the decline in credit markets that finance solar systems. tucsoncitizen.com