Solyndra II: Energy Company Busts on Eve of Climate Summit. Makes the Solyndra I scam look like small change.
The complicated legal structure of Abengoa SA means that if Abengoa Yield defaults, the Obama Administration cannot look to any of the other Abengoa SA subsidiaries to collect on the $3 billion of loans and guarantees.
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More of our money up the demotard anal canal...
What the hell is our gooberment doing lending money, our money, to foreign companies anyway? There has to be a few Senators and Congress critters laughing all the way to the bank, along with the Obummer.
Just the tip of the iceberg.
During the 2000s Spain was the leader in "green" jobs. The funny part about that was that for every "green" job created in Spain they last 2.4 real jobs. The left there and here thought this was fantastic. That it proved the power of the "green" job.
Leftists truly are mentally deficient.
The strategy appears to be waste it where ever and when ever possible.
Abengoa has been under federal investigation for years:
http://freebeacon.com/issues/spanish-firm-under-federal-investigation-wins-230-million-in-doe-subsidies/
But in spite of the company's history and alleged law-breaking, Obama gave them billions of dollars of our money.
Why not? The GOP congress let him have our money with no objections, no real oversight to his excesses and corruption.
Not surprising considering Obama's lawlessness.
Who is Barky related to in this company? You know he's getting paid for this somehow. He just seems to be padding his retirement fund.