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To: Brumar89 who wrote (449009)	10/3/2011 5:29:00 PM
From: Brumar89	Read Replies (1) \| Respond to of 794286

Solyndra Part II: Second Energy Company Given Huge Loan By Obama Regime About To Go Belly Up… That giant flushing sound you hear is $145 million in taxpayer dollars going down the drain. WASHINGTON (NYT) — In a remote desert spot in northern Nevada, there is a geothermal plant run by a politically connected clean energy start-up that has relied heavily on an Obama administration loan guarantee and is now facing financial turmoil. The company is Nevada Geothermal Power, which like Solyndra, the now-famous California solar company, is struggling with debt after encountering problems at its only operating plant. After a series of technical missteps that are draining Nevada Geothermal’s cash reserves, its own auditor concluded in a filing released last week that there was “significant doubt about the company’s ability to continue as a going concern.” It is a description that echoes the warning issued in 2010 by auditors hired by Solyndra, which benefited from the same Energy Department loan guarantee before its collapse in August caused the Obama administration great embarrassment. The parallels between the companies illustrate the risk inherent in building the clean energy marketplace in the United States, government officials and industry experts say. Indeed, the loan guarantee program exists precisely because none of these ventures are a sure bet. There are important differences between the fate of Nevada Geothermal and Solyndra, the maker of solar panels that has filed for bankruptcy. The amount of money the federal government has at stake with Nevada Geothermal — a loan guarantee of $79 million plus at least $66 million in grants — is much smaller than the $528 million investment in Solyndra. There have been no allegations of wrongdoing by Nevada Geothermal or its Blue Mountain, Nev., plant. weaselzippers.us

To: Brumar89 who wrote (449009)	10/3/2011 5:51:10 PM
From: t4texas	7 Recommendations Read Replies (1) \| Respond to of 794286

it was a good bet, and don't call my bluff, obama said. this is the guy i want to play poker with.

To: Brumar89 who wrote (449009)	10/4/2011 10:22:17 AM
From: Geoff Altman	4 Recommendations Respond to of 794286

Obama doesn't regret Solyndra, it was a "good bet" What is it with democrats and gambling with tax payer money? It's never a small 'bet' either. First we have Barney Frank and cronies blowing off warnings about the rapid growth of GSEs: House Financial Services Committee hearing, Sept. 25, 2003: Rep. Frank: I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . . . In these hearings the standard approach was to try and shoot the messenger: Senate Banking Committee, April 6, 2005: Sen. Schumer: I'll lay my marker down right now, Mr. Chairman. I think Fannie and Freddie need some changes, but I don't think they need dramatic restructuring in terms of their mission.. Didn't that pederaster Frank Davis ever teach Obama that you don't draw to an inside straight?: Obama doesn't regret Solyndra, it was a "good bet"