Browsing the archives for the Abengoa tag

How is Obama’s Gambling On Green Companies Different From Banks That Engaged In Subprime Mortgages?

How is President Obama’s gambling billions of dollars in taxpayer money on risky, unproven green energy companies like Solyndra any different from the banks who gambled on subprime mortgages?

In fact, the Obama administration gambled taxpayer money on several green companies who have subsequently filed bankruptcy. By now everyone has hear about Solyndra receiving $535 million and filing bankruptcy less than two years later.
In fact, the Obama administration gambled taxpayer money on several green companies who have subsequently filed bankruptcy. By now everyone has hear about Solyndra receiving $535 million and filing bankruptcy less than two years later. Evergreen Solar also received millions of dollars in taxpayer assistance to manufacture photovoltaic cells and is now defunct.