red states rule
08-27-2012, 02:37 AM
As if the first $500 million loss was not enough, taxpayers will have to foot the bill for this
Amazing how anyone would want 4 more years of this kind of hope and change
Solyndra headquarters could sell at fraction of original price
Taxpayers are about to take it on the chin again when it comes to solar-panel firm Solyndra, as the now-defunct company looks to sell off its glimmering headquarters for a fraction of the original price.
Bankruptcy court documents filed earlier this week show that Seagate Technology -- which makes hard drives and other storage products -- is offering to buy the Fremont, Calif., building for $90.3 million. The original building cost was cited in earlier documents as roughly $300 million.
The offer, though not final, became an instant political football as the Romney campaign used it to resurrect accusations that the Obama administration gambled, and lost, with taxpayer dollars. The government gave a $528 million loan to Solyndra.
Read more: http://www.foxnews.com/politics/2012/08/24/solyndra-headquarters-could-sell-at-fraction-original-price/#ixzz24jJDGS3P
Amazing how anyone would want 4 more years of this kind of hope and change
Solyndra headquarters could sell at fraction of original price
Taxpayers are about to take it on the chin again when it comes to solar-panel firm Solyndra, as the now-defunct company looks to sell off its glimmering headquarters for a fraction of the original price.
Bankruptcy court documents filed earlier this week show that Seagate Technology -- which makes hard drives and other storage products -- is offering to buy the Fremont, Calif., building for $90.3 million. The original building cost was cited in earlier documents as roughly $300 million.
The offer, though not final, became an instant political football as the Romney campaign used it to resurrect accusations that the Obama administration gambled, and lost, with taxpayer dollars. The government gave a $528 million loan to Solyndra.
Read more: http://www.foxnews.com/politics/2012/08/24/solyndra-headquarters-could-sell-at-fraction-original-price/#ixzz24jJDGS3P