Sylandra didn't get a lump sum in September 2009. Month by month as red flags went up, taxpayer money was shovelled their way,and shovelled and shovelled. Source: Federal Finance Bank monthly press releases. The FFB is headed by the Secretary of the Treasury, appointed at the President's pleasure. It runs a loan stable of about $60 billion of which 20% is being used to keep the Post Office afloat, a lot goes to Utility companies and just lately, in July, Solar Partners I II and VIII were added anonymously to the tune of $73,000,000. When Obama came to power, the FFB Department of Energy loan portfolio went from zero to about a $1billion in the first year and then to $9 billion in commitments by September 2010. This money travels behind the scenes. (The term "pet bank" comes from commenter Zeppelin at the link below.)
| 09/2009 | 0 | Rate | |
| 10/2009 | $21,400,000 | 2.463% | |
| 11/2009 | $43,300,000 | 2.208% | |
| 12/2009 | $20,600,000 | 2.261% | |
| 01/2010 | not on line | ||
| 02/2010 | $25,800,000 | 2.443% | |
| 03/2010 | $35,400,000 | 2.242% | |
| 04/2010 | $26,200,000 | 2.175% | |
| 05/2010 | $22,400,000 | 2.343% | |
| 05/2010 | $35,500,000 | 2.420% | |
| 06/2010 | $50,800,000 | 1.957% | |
| 07/2010 | $24,600,000 | 1.853% | |
| 07/2010 | $ 100,000 | 1.811% | |
| 08/2010 | $13,500,000 | 1.554% | |
| 09/2010 | $17,100,000 | 1.289% | |
| 10/2010 | $ 9,700,000 | 1.247% | |
| 11/2010 | $ 6,300,000 | 0.921% | |
| 12/2010 | $32,200,000 | 1.006% | |
| 01/2011 | $14,800,000 | 1.515% | |
| 01/2011 | $ 3,000,000 | 1.515% | |
| 02/2011 | $16,600,000 | 1.470% | |
| 03/2011 | $11,400,000 | 1.73% | |
| 04/2011 | $18,500,000 | 1.374% | |
| 05/2011 | 0 | ||
| 06/2011 | $ 4,500,000 | 1.268% | |
| 07/2011 | $ 2,400,000 | 1.075% | |
| 08/2011 | not available | yet | |
| 09/2011 | not available | yet |
Published reports give the loan guarantee at $535 million and the amount advanced at $528 million. The other $72 million most likely falls into those three months. Taxpayer money was being shovelled to the end.
Latest red flag publicized: The New York Post: "So now it turns out that the Obama White House was warned privately in no uncertain terms last January against a fresh infusion of taxpayer cash to financially beleaguered Solyndra". Memo discusses "optics".
h/t for this project: Bruce Krasting writing for Zero Hedge.
Added: People at Sylandra were trying to make a go of it. An insider talks to Bruce Krasting.
Added: Sylandra's CEO and CFO to plead the fifth before government inquiry. and refers to existing investigation by the FBI. Sadly, it is plausible that the Holder's Department of Justice might see a benefit in having the FBI raid Solyndra so as to put a cap on discoveries in the news.
Latest red flag publicized: The New York Post: "So now it turns out that the Obama White House was warned privately in no uncertain terms last January against a fresh infusion of taxpayer cash to financially beleaguered Solyndra". Memo discusses "optics".
h/t for this project: Bruce Krasting writing for Zero Hedge.
Added: People at Sylandra were trying to make a go of it. An insider talks to Bruce Krasting.
Added: Sylandra's CEO and CFO to plead the fifth before government inquiry. and refers to existing investigation by the FBI. Sadly, it is plausible that the Holder's Department of Justice might see a benefit in having the FBI raid Solyndra so as to put a cap on discoveries in the news.
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