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Originally Posted by 12thMan
As far as the junk bond loans to the risky green energy companies. I'll say the same thing I said about Solyndra, the energy portfolio has wildly under performed and has been a disappointment. Cronyism at work? Sure, maybe. Can't say for sure. "Corrupt" or illegal, I highly doubt that. Not with a Republican Congress itching to hang any scandal around Obama's neck every chance they get. If there was any impropriety, I'm 100% confident Darrell Issa would be on TV 24/7 bringing attention to it and having officials testify before Congress. The fact that he hasn't would give me pause if I were accusing the Administration of doing shady backroom deals. But that's just me.
I think if you dig deeper into the failures behind these companies they just couldn't compete with green companies abroad, namely China, and we started to pouring money into a black hole.
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What gets me about the Solyndra deal is that Obama was warned that they had problems but ignored his own staff and gave them the money.