Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Solyandra was a bad investment to begin with.
And that was in an auditor's report.
Only the USG dismissed that report.
The WH got directly involved in getting their loan approved.
You are only focusing on one item in a portfolio full of investment, which is silly and not how the real world look at investment.
Using your logic, you'd say Warren Buffet is a bad investor because one of his stock picks lose money while 20 other ones made money and the overall return is positive.
The bottom line is that the energy loan program made $30 millions. That's the bottom line - it made money!
You are only focusing on one item in a portfolio full of investment, which is silly and not how the real world look at investment.
Using your logic, you'd say Warren Buffet is a bad investor because one of his stock picks lose money while 20 other ones made money and the overall return is positive.
The bottom line is that the energy loan program made $30 millions. That's the bottom line - it made money!
.
Go back and check posts. The talk was specifically about Solyandra, not the entire stimulus package.
You even posted a specific article on Solyandra.
Go back and check posts. The talk was specifically about Solyandra, not the entire stimulus package.
You even posted a specific article on Solyandra.
The talk is most certainly NOT about Solyndra specifically. This thread is about investment... not Solyndra. You're the one who are trying to focus on Solyndra because the big picture debunks your argument.
.
The government loan program incurred a $780 million loss (including Solyndra) and a $810 million profit. Meaning it actually made $30 millions for the tax payers.
Like all investment, there are winners and losers; every astute investor knows at the end of the day, it's how much the overall portfolio makes. And the program made $30 million.
Except the other $34.170 billion. Interest payments paid for the losses (so far). It doesn't mean all the loans are paid back or that the program was successful.
Re-read your article or did you purposefully omit the relevant information for political hackery purposes?
You are only focusing on one item in a portfolio full of investment, which is silly and not how the real world look at investment.
Using your logic, you'd say Warren Buffet is a bad investor because one of his stock picks lose money while 20 other ones made money and the overall return is positive.
The bottom line is that the energy loan program made $30 millions. That's the bottom line - it made money!
.
Uh, no. When all $34.2 billion is paid back then you can make that assessment.
Why would you call someone a loser and then urge everyone to do what they can in order to keep him from taking office? If he's such a loser, why is she concerned?
Why would you call someone a loser and then urge everyone to do what they can in order to keep him from taking office? If he's such a loser, why is she concerned?
Because many conservative love to vote for someone who's just like them.
.
Uh, no. When all $34.2 billion is paid back then you can make that assessment.
No, we evaluate the program on a continuing basis. At the point in time that the article was written the program was in the black.
When you invest, you run the numbers and evaluation based on current and expected returns. No astute investor would ever say, "Wait till the bonds completely paid us back ten years from now before we decide if this investment is a success or not."
as administrator of TARP oversight, she shouldn['t be throwing stones:
The United States Treasury has recorded a $9.7 billion loss on its $49.5 billion bailout of General Motors, according to a report released this week by the Special Inspector General for the Troubled Asset Relief Program (TARP). Remember the $700 billion boondoggle created to help stabilize the nation’s financial system during the 2008 crisis by purchasing “toxic assets?”
A chunk of the cash went to GM, the struggling Detroit-based auto maker that has publicly celebrated being clear from all government loans. In fact, GM held a ceremony at a Kansas City factory in 2010 to announce it had paid back $8.1 billion in government loans. “As of today, GM has repaid in full and interest,” the company’s CEO, Ed Whitacre, told the crowd. Obama has many times touted the success of the government’s bailout of GM.
To shove it down the nation’s collective throat as a triumph, numbers have been kept from the public until now. Part of the bailout included taxpayers’ ownership stake in GM, the forced purchase of so-called toxic assets. Not surprisingly, the stock sales have all taken place “below Treasury’s break-even price,” the TARP watchdog found. That means taxpayers must take the bewildering $9.7 billion hit.
The new report also documents billions of dollars in fraud and corruption associated with TARP throughout the nation. They include multi-million-dollar bank fraud and Ponzi schemes, foreclosure rescue scams and a number of other illicit operations using TARP funds. In fact the IG’s report discloses in detail many of the TARP-related crimes that have been prosecuted throughout the country, including more than a dozen states and the District of Columbia.
Getting back to the GM debacle, just a few weeks ago Judicial Watch revealed as part of an ongoing TARP investigation, that the government lost or wrote off $1.6 billion invested in GM since the beginning of this year alone. The figure came from Treasury documents obtained by JW. To get an idea of the rapid rate of loss, the files reveal a shocking $477 million loss during a small period between May 6 and the end of June 2013.
the taxpayers didn't get to choose their investment-that's how great that was.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
