Biden in Tulsa Today

[Townsend]

Allegedly. . .many of the loan documents required by law do not exist. .

If they don't, they will.

[nathanm]

Yeah, these failures, they have nothing to do with the price-per-watt of solar drastically decreasing, it's because of fraud. (I'm not actually saying there's no fraud, because I don't know, what I do know is that even companies like First Solar are having serious troubles because the Chinese are selling panels well below cost for some reason)

[Gaspar]

If they don't, they will.

Oh, I am quite sure there will also be suitable scapegoats, I am just hopeful that Mr. Kaiser does not end up being one.  

He has done so much for our community, it would be a shame for something like this to fall on him, simply because he chose to associate with a bad crowd.

[dbacks fan]

Slightly OT, I found this article about how wind farm companies are deciding where to place farms in Oregon in relationship to how close they are to a Starbucks.

http://www.oregonlive.com/environment/index.ssf/2009/10/testing_the_starbucks_rule_for.html

[DTowner]

I'm going to suggest that House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) brought the idea to the table and is now CYA'ing.  I have no proof.  It just wouldn't shock me.

Doubtful.  Cong. Upton wasn't Chairman when this deal went down (at the time he was the Ranking member because the Republicans were in the minority) and a Michigan Congressman would not have pushed to get a federal loan guaranty for a California company.

[Townsend]

Doubtful.  Cong. Upton wasn't Chairman when this deal went down (at the time he was the Ranking member because the Republicans were in the minority) and a Michigan Congressman would not have pushed to get a federal loan guaranty for a California company.

Shhhh, roll with it.  I'm trying to make it a rumor which could make it a story.

[Teatownclown]

Oh, I am quite sure there will also be suitable scapegoats, I am just hopeful that Mr. Kaiser does not end up being one.  

He has done so much for our community, it would be a shame for something like this to fall on him, simply because he chose to associate with a bad crowd.

I agree.
GK is too smart and good for this but conspiracy experts might wonder if this was a corporate welfare/favor type arrangement? GK wouldn't get involved unless it was a "no lose" transaction. Many a great company has evolved by protecting themselves from creditors. Many a great capitalist has used loses to offset gains.

[Conan71]

I agree.
GK is too smart and good for this but conspiracy experts might wonder if this was a corporate welfare/favor type arrangement? GK wouldn't get involved unless it was a "no lose" transaction. Many a great company has evolved by protecting themselves from creditors. Many a great capitalist has used loses to offset gains.

GK has been pretty careful which pocket funds which project.  In his heart, I'm sure he thinks he's backing the right horse, but he expects to be repaid even when he picks a loser, like Great Plains.

[Gaspar]

The national media has begun its focus on him now.

George Kaiser, who has in the past been labeled a major Solyndra investor as well as a Obama donor, made three visits to the White House on March 12, 2009, and one on March 13. Kaiser has denied any direct involvement in the Solyndra deal and through a statement from his foundation said he "did not participate in any discussions with the U.S. government regarding the loan."

But the countless meetings at the White House seem hardly coincidental. Kaiser, in fact, is responsible for 16 of the 20 meetings that showed up on the White House logs.

In the meetings on March 12, Kaiser met with former Chairman of the Council of Economic Advisors Austan Goolsbee at 11 a.m., Senior Advisor Pete Rouse at 3 p.m., and Deputy Director of the Domestic Policy Council Heather Higginbottom at 6:30 p.m. On the 13th, Kaiser met with Deputy Director of the National Economic Council Jason Furman at 9 a.m.



Read more: http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/#ixzz1XO44tznD

[Townsend]

The national media has begun its focus on him now.

The Daily Caller?

[Hoss]

The Daily Caller?

Amazing how he rolls, isn't it.

[Gaspar]

Does it matter?  BTW, the FBI just raided the Solyndra offices today.  This is not looking good.

[Gaspar]

FYI, also reported on ABC, NBC, FOX, LA Times, BusinessWeek and the Christian Science Monitor.

[Breadburner]

Thank god Biden is gone the cumulative IQ is back up where it was.....

[Gaspar]

So Price Waterhouse indicated the company may be insolvent, then Mr. Kaiser's foundation gave millions to a company called Argonaut Ventures that invested that money in the failing solar company so that it could continue to operate.  Then Mr.Kaiser had a series of meetings at the White House. One week later the Administration gave the company over $500 billion in stimulus money.  Then, facing imminent failure, Solyndra and Argonaut Ventures reorganized the company's debts, putting the U.S. loan behind the money owed to Argonaut Ventures.

How do you do that?  How do you put the investors of a failing company before it's largest creditor?

Who the heck is Argonaut Ventures?