Biteme's Solyndra, First Solar

Started by Solar, January 16, 2022, 12:20:19 PM

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Solar

Yep, the Marxists ripped us off again. Half a Billion went to crony investors of the DNC. Lets see a show of hands of those in shock... :rolleyes:

Biden-Backed Solar Company Lied About Effectiveness of Solar Modules, Lawsuit Says

Investors are suing a Biden-backed solar energy company that received a $500 million federal loan last month, claiming the company lied to shareholders about the effectiveness and financial viability of its solar modules.

A Michigan municipal pension fund alleges that executives at First Solar, which is owned by Biden megadonor and Walmart heir Lukas Walton, made "false and misleading statements" to investors and failed to disclose that its solar module was "grossly underperforming and was unable to hit its wattage targets." Those claims and omissions, the fund alleges, artificially inflated the company's stock price in 2019 and led to investor losses.

The class-action suit comes after the U.S. International Development Finance Corporation (DFC) granted First Solar a $500 million federal loan in December to build a module manufacturing facility in India as part of President Joe Biden's "Build Back Better World" initiative. The funding drew concerns from ethics watchdogs that questioned whether the company's political connections—including Walton's substantial donations in 2020 to Biden and the Democratic National Committee—played any role in the decision. The DFC has denied any political considerations.

https://freebeacon.com/biden-administration/biden-backed-solar-company-lied-about-effectiveness-of-solar-modules-lawsuit-says/
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TboneAgain

Quote from: Solar on January 16, 2022, 12:20:19 PMYep, the Marxists ripped us off again. Half a Billion went to crony investors of the DNC. Lets see a show of hands of those in shock... :rolleyes:

Biden-Backed Solar Company Lied About Effectiveness of Solar Modules, Lawsuit Says

Investors are suing a Biden-backed solar energy company that received a $500 million federal loan last month, claiming the company lied to shareholders about the effectiveness and financial viability of its solar modules.

A Michigan municipal pension fund alleges that executives at First Solar, which is owned by Biden megadonor and Walmart heir Lukas Walton, made "false and misleading statements" to investors and failed to disclose that its solar module was "grossly underperforming and was unable to hit its wattage targets." Those claims and omissions, the fund alleges, artificially inflated the company's stock price in 2019 and led to investor losses.

The class-action suit comes after the U.S. International Development Finance Corporation (DFC) granted First Solar a $500 million federal loan in December to build a module manufacturing facility in India as part of President Joe Biden's "Build Back Better World" initiative. The funding drew concerns from ethics watchdogs that questioned whether the company's political connections—including Walton's substantial donations in 2020 to Biden and the Democratic National Committee—played any role in the decision. The DFC has denied any political considerations.

https://freebeacon.com/biden-administration/biden-backed-solar-company-lied-about-effectiveness-of-solar-modules-lawsuit-says/
So hard to believe that DFC is denying any political considerations. Have you ever stopped to consider that no matter whether political considerations made a difference, the answer to that question will ALWAYS be "no?" If there were no political considerations, the answer is, obviously and truthfully, "no." If there were, the answer will be a lie: "no." Nobody is EVER going to say, "Yeah, ya got me. I used political influence to float a bullshit loan for this stinker."
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. -- Tenth Amendment to the US Constitution

Government is not reason; it is not eloquent; IT IS FORCE. -- George Washington

Solar

Quote from: TboneAgain on January 16, 2022, 01:32:58 PMSo hard to believe that DFC is denying any political considerations. Have you ever stopped to consider that no matter whether political considerations made a difference, the answer to that question will ALWAYS be "no?" If there were no political considerations, the answer is, obviously and truthfully, "no." If there were, the answer will be a lie: "no." Nobody is EVER going to say, "Yeah, ya got me. I used political influence to float a bullshit loan for this stinker."
That's the thing, the left doesn't even care when they get caught. At least when a Pub gets busted they are usually forced out of office.
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Bronx

The same feds that are going to throw Elizabeth Holmes in prison for 20 years (and rightfully so) for doing the same thing are going to let Joe and his DNC puppet masters walk free.
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