When President Barack Hussein Obama ran for president in 2008, he promised to create a minimum of five million new green related jobs. When elected, Obama pursued his green energy dream by having the Department of Energy (DOE) subsidize and/or provide loans and loan guarantees to green energy companies. Those subsidies and loans have totaled [...]
In what has to be the most outrageous display of chutzpah, a proposal filed by Solyndra’s attorneys in U.S. Bankruptcy Court in Delaware proposes to pay bonuses of from $10,000 to $50,000 to persuade key employees to stay with Solyndra. Bankruptcy attorneys said the “key employee incentive plan” tries to keep important personnel from leaving [...]
The Federal Housing Finance Agency (FHFA), whose current acting director is Edward DeMarco, is the regulator and conservator of the Federal National Mortgage Association (FNMA or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac). Fannie Mae lost $14 billion in FY2010, while Freddie Mac lost $21.5 billion in FY2009. Fannie [...]
