Friday, September 16, 2011

HOT: Goldman, Sachs Acted as Exclusive Financial Advisor to Solyndra...

When it comes to government money, it's always about insiders running circles around the government money and pocketing a piece.  Don't ever forget that. And usually, there is a crony investment banker as part of the program.

On March 20, 2009, the Obama connected and now infamous Solyndra, Inc. announced that it was the first company to receive an offer for a U.S. Department of Energy loan guarantee under Title XVII of the Energy Policy Act of 2005.

Solyndra said in the announcement that it would use the proceeds of a $535 million loan from the U.S. Treasury’s Federal Financing Bank to expand its solar panel manufacturing capacity in California.

The press release closes this way:

Goldman, Sachs & Co. acted as exclusive financial advisor to Solyndra in connection with this loan guarantee application.
At the time, Goldman was in the good graces of the White House, though perhaps not so at present. Replacing Goldman as investment banking friends of the White House are JPMorgan headed by Jamie "Obama's favorite banker" Dimon and UBS man, Bob Wolf. It should be noted the next "public-private" scam to be hoisted on American taxpayers (which will in part replace the solar scam) is the infrastructure scam, which is being pushed hard by Wolf. 



  1. Interesting. But I still think the only important question in this scandal is why Energy gave up their right to first lein when they restructured in February.

  2. What is REALLY interesting to me is the fact that about 2 yrs ago Glen Beck was yelling regularly that Goldman Sachs was up to their necks in all of Obama's and Soros's corruption. They are one of if not THE largest payee of the stimulus and they are one of the largest donators to Obama and the leftist Dems. They have their fingers in everything and were the only major financial house the gov't left absolutely alone when they went after the banks etc.
    These scumbags (and Soros) are the source Obama's power to force his will on the public.

    Beck did more than one show detailing all the connections and corruption GS was in.
    If you have not seen them they are worth any honest persons time who wants the truth.
    So far he is batting 1000.

  3. Glenn Beck is a less than credible source to rely on or so much as even cite. He regularly makes an ass out of himself with his inchoate ideas, abysmal grasp of history & economics, and just never being consistent. If you've ever bothered to read his "scholarly" books, you'll find that he's often incoherent and just outright wrong at times. By the way, his researchers are the ones doing the leg work, so don't give Beck more credit than he deserves. Besides, the man has literally outed himself numerous times within the past few months, as being a Neo-Conservative:

  4. I note "anonynous" had not a word to say as to the facts of this round of corruption. Nor the courage of his/her convictions to put a name (nor even a nom de plume) above the inane comments.

  5. Dave S-

    I agree, but Beck has proven his loyalties lie with the neocons with his recent attacks on Ron Paul. He may be right about Goldman Sucks, Soros and Obama, but he is NOT to be trusted. I wouldnt dare use him as a source when calling the sky blue.

    I had hoped his move from Faux News to his own Internet TV channel would help him embrace liberty, but it hasn't. Sad. He's just another shill for the elite.
    Dale Fitz

  6. If you've read what I've said, I clearly stated that this was about Glenn Beck's credibility.

    I have no doubt that there is corruption involved with the now defunct firm,Solyndra.

    What I am saying is however, is that Glenn Beck can't be trusted as a credible or consistent source. The man's domestic and foreign policy views are inimical and clearly not in tune with anything even remotely tied to freedom or prosperity.

    Glenn Beck is clearly defined as the antithesis of libertarian thought. Which in my opinion, is more than enough to say that he's not batting anywhere close to 1000.

  7. In 2008, Goldman Sachs took a chance on the now-bankrupt Solyndra. The plan of taking the company public failed, pulling its IPO in June 2010.