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That's even MORE of a reason that a government agency shouldn't be dabbling in private business or playing investment bankers!
-- Posted with TapaTalk
So what? You seem to have a reading comprehension problem because any reasonable person would see that I was responding to the following statement: "If these organizations' creditworthiness was sufficient, they'd be able to secure funding from banks, thus they wouldn't have to go running to the government.". My response is firsthand experience of this not being true. Connect the dots my friend, they aren’t very far apart and even a child could do so.
Even a child would KNOW that it's completely irresponsible for government to invest in unicorns just because your political cronies and pie in the sky idealism draws you to.
It's not so bad if you make one mistake, but this moron has made numerous!
Lay off the Kool Aid and you might finally realize what a 10 year old could see.
However.....you never heard about so many failing under prior administrations. Solyndra was deemed to be too risky by the Bush administration, but Obama's decided to make the loan anyhow.
It irresponsible - plain and simple.
-- Posted with TapaTalk
However, when compared to the losses the taxpayer suffered through loans to GM Soylndra was a drop in the bucket from the Bush losses from TARP.
Even a child would KNOW that it's completely irresponsible for government to invest in unicorns just because your political cronies and pie in the sky idealism draws you to.
It's not so bad if you make one mistake, but this moron has made numerous!
Lay off the Kool Aid and you might finally realize what a 10 year old could see.
-- Posted with TapaTalk
First look at how business underwriting works in practice because it will help you understand a thing or two. You will find that they aren't investing in unicorns and that no funding decision is made unless it makes financial sense based on the information available at that time. These decisions are based on many factors including the raw numbers (do they make sense?), various projections and most importantly a business plan. These plans aren't a one page affair. They are lengthy documents that detail the people involved, the market they are entering, the viability of that market, competitors in that market, environmental conditions (regulations, economy, etc) and generally describe in great detail how this will be a successful business (the product, the consumer, suppliers, distribution, etc). A great deal of thought is put into approving/denying funding for businesses. If based on the information available it was decided that the viability of this businesses is poor, it would have never received funding.
First look at how business underwriting works in practice because it will help you understand a thing or two. You will find that they aren't investing in unicorns and that no funding decision is made unless it makes financial sense based on the information available at that time. These decisions are based on many factors including the raw numbers (do they make sense?), various projections and most importantly a business plan. These plans aren't a one page affair. They are lengthy documents that detail the people involved, the market they are entering, the viability of that market, competitors in that market, environmental conditions (regulations, economy, etc) and generally describe in great detail how this will be a successful business (the product, the consumer, suppliers, distribution, etc). A great deal of thought is put into approving/denying funding for businesses. If based on the information available it was decided that the viability of this businesses is poor, it would have never received funding.
Bwahahahahaha......you seem to be clueless!
If they made wise decisions based on raw numbers then why have all these unicorn companies gone belly up? If they made wise decisions based on raw numbers, why did they ignore their own expert's advice and give Solyndra a loan?
All those companies that went bankrupt were loaned that money not because it was a viable business model, but because they had connections at the WH.
However, when compared to the losses the taxpayer suffered through loans to GM Soylndra was a drop in the bucket from the Bush losses from TARP.
TARP funds were paid back with interest by the banks. TARP was also NOT anything like these DOE loans in that TARP was voted upon by Congress and not just some pencil pusher at some government department.
If they made wise decisions based on raw numbers then why have all these unicorn companies gone belly up? If they made wise decisions based on raw numbers, why did they ignore their own expert's advice and give Solyndra a loan?
All those companies that went bankrupt were loaned that money not because it was a viable business model, but because they had connections at the WH.
-- Posted with TapaTalk
Because there will always be a certain percentage of failures. This is inescapable but you have a hard time grasping that. How many were paid back without drama? You seem to forgot that Tesla paid their loan back without issue and even earlier than expected. In fact the majority of the Department of Energy's Loan Guarantees are paid back to the benefit of the tax payer and the country.
Because there will always be a certain percentage of failures. This is inescapable but you have a hard time grasping that. How many were paid back without drama? You seem to forgot that Tesla paid their loan back without issue and even earlier than expected. In fact the majority of the Department of Energy's Loan Guarantees are paid back to the benefit of the tax payer and the country.
If there ate ALWAYS going to be a certain amount of failures, then WHY so many in the "green energy" field under a single administration? I have said one is understandable, but 10 isn't.
Of course you provide nothing to back up your statement that the majority are paid back.
-- Posted with TapaTalk
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