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Jets beat the fish in their own house. Possible 6th pick in the draft.
ganggreen2003 Icon : (Today, 08:40 PM) we get it
ganggreen2003 Icon : (Today, 08:40 PM) but in JETS history it was the last time they fired both the GM and HC
ganggreen2003 Icon : (Today, 08:41 PM) and of course I was born that's right you're almighty one GANGGREEN2003
ganggreen2003 Icon : (Today, 08:41 PM) THE OG OF THIS BITCH
Mr_Jet Icon : (Today, 08:42 PM) Joe Namath retired from football in 1977 after a year with the LA Rams.
santana Icon : (Today, 08:43 PM) shakira was born in 1977
Mr_Jet Icon : (Today, 08:44 PM) Jimmy Carter was inaugurated the 39th President of the United States in 1977.
ROBJETS Icon : (Today, 08:45 PM) Well another crappy year down the drain for us jets fans. This board will pretty much die down big time until new coaches and FO`s people are hired and then the draft.
santana Icon : (Today, 08:46 PM) off season is best season
ROBJETS Icon : (Today, 08:47 PM) A lot of us might have issues at times with each other but I miss this board when its not active. this is by far my favorite forum. I rarely post in any other forums. Occasionally Xbox360iso but other than that here is about it. Im quiet and discreet everywhere else
santana Icon : (Today, 08:48 PM) RIP REX RYAN milber didnt die for this!
Mr_Jet Icon : (Today, 08:48 PM) Yes, the inevitable off season thread about Washington's nickname turning into a race war thread.
ROBJETS Icon : (Today, 08:48 PM) If the Phoenix Suns had a fan forum Id post there but havent found any worth a damn
santana Icon : (Today, 08:50 PM) ravens in the playoffs upset me
santana Icon : (Today, 08:50 PM) they will either win like crazy and make it to the afc champ game or they will just get bounced immediately
Jetsfan0099 Icon : (Today, 08:50 PM) MILBER
Jetsfan0099 Icon : (Today, 08:50 PM) TEH MILBER
Jetsfan0099 Icon : (Today, 08:50 PM) FIRE IZDICK
santana Icon : (Today, 08:50 PM) I would of rather seen the chiefs or houston with keenum at qb lol
ganggreen2003 Icon : (Today, 08:50 PM) but 1977 will always go down as the year I WAS BORN!!!!
santana Icon : (Today, 08:53 PM) 1977 also when atari was released
ROBJETS Icon : (Today, 08:53 PM) Living in DC I figured youd like the Ravens some. I dont mind them. Cant stand the Steelers though
santana Icon : (Today, 08:54 PM) They are bad this year
santana Icon : (Today, 08:54 PM) ugly games specially the last couple of weeks
santana Icon : (Today, 08:55 PM) also we dont need 3 teams from the afc north
ROBJETS Icon : (Today, 08:57 PM) One wild card games next weekend will be AFC South divisional so anything could happen
ROBJETS Icon : (Today, 08:57 PM) meant North
santana Icon : (Today, 08:57 PM) I would rather see some fresh faces in the playoffs
ROBJETS Icon : (Today, 08:57 PM) Yeah. Last year it was three from the AFC West
santana Icon : (Today, 08:58 PM) bengals i don't mind. steelers and ravens bleh
ROBJETS Icon : (Today, 08:58 PM) I hear you. thats why the Cardinals injuries pisses me off
ROBJETS Icon : (Today, 09:00 PM) I wanted to see them have another chance win a Superbowl after they had the last one stolen from them by the Steelers
ROBJETS Icon : (Today, 09:02 PM) Kurt Warner 5 years removed with one week of practice would probably play better than the third string qb they have starting now
ROBJETS Icon : (Today, 09:02 PM) Well Im off here
2JBallar01 Icon : (Today, 09:10 PM) I live in Arizona so im a cardinals fan as well. Sucks about the QB problem with them. It was such a promising year too. Now they have no chance
santana Icon : (Today, 09:27 PM) they have a chance they play the panthers in carolina
santana Icon : (Today, 09:28 PM) they could take that game
Jetsfan0099 Icon : (Today, 09:53 PM) Mike Wallace is like Santonio Holmes
santana Icon : (Today, 11:13 PM) santonio holmes is like mike wallace
Jetsfan0099 Icon : (Today, 11:17 PM) agreed
Jetsfan0099 Icon : (Today, 11:19 PM) @MMehtaNYDN 28s28 seconds ago
Woody Johnson will meet with Rex Ryan tomorrow morning when it's expected the owner will tell his head coach that he's making a change #nyj
santana Icon : (Today, 11:19 PM) I wonder if antonio bryant will follow in their footsteps
MikeGangGree... Icon : (Today, 11:20 PM) Antonio Brown.......the pick we traded to the steelers for holmes
santana Icon : (Today, 11:22 PM) right brown*
MikeGangGree... Icon : (Today, 11:24 PM) SQUISH THE FISH!!!!
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Obama Makes Bad $535 Million Loan http://news.yahoo.com/blogs/lookout/exactly-happened-goverment-solyndr

#1 User is offline   azjetfan Icon

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Posted 15 September 2011 - 05:23 PM

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The big story marring President Obama's jobs tour Wednesday is the $535 million loan his administration doled out to Solyndra, a solar panel company that has just gone belly-up, leaving taxpayers on the hook.

President Barack Obama visited the facility in May 2010, and said it was "leading the way toward a brighter and more prosperous future." But only a month later, the company laid off 100 employees and cancelled its plans for a public stock offering. Two weeks ago, it filed for Chapter 11 and fired 1,000 workers. FBI agents promptly raided the company's California offices.

So what exactly happened? And how big will the fallout be for Obama?

The accusation

Republicans on the House and Energy Commission are accusing the Obama administration of ignoring multiple warning signs that Solyndra was a bad bet. The Commission lays out its case against the administration's handling of the loan in a report released Wednesday, following a months-long investigation.

Under the Bush administration, the Department of Energy rejected Solyndra for a loan in early 2009, worrying that the company didn't have good long-term prospects. Yet only two months later, Obama's newly appointed Energy Secretary Steven Chu announced the government would give the company a $535 million loan, funded with money from the stimulus. Last year, government accountability investigators criticized the White House for scheduling a groundbreaking at a Solyndra plant before the Energy Department had even finished filing all its paperwork. "This deal is NOT ready for prime time," a White House budget analyst wrote only nine days before the agreement was announced.

At issue are two main things. One, emails obtained by the Center for Public Integrity show that White House officials asked the Department of Energy to make a decision on the Solyndra loan so that they would know whether they could schedule President Obama for a visit to the facility to publicize the loan. Republicans say this is evidence that the White House pressured the Energy Department, or used undue influence, to approve the loan before they knew whether it was a good bet. Republicans also mention that a big private backer of the deal, Oklahoma billionaire George Kaiser, also raised money for Obama's 2008 campaign.

The second accusation is that once the loan went through, the Obama administration ignored warning signs that the company was failing and then refinanced the loan in a way that left taxpayers twisting in the wind. A few days before the groundbreaking on the new Solyndra facility in September 2009, a Department of Energy official completed an analysis that concluded the company would run out of cash by September of 2011--a forecast that turned out to be right on the mark.

But it wasn't until last February that the government decided Solyndra was about to default, and refinanced the company's original loan with the help of $75 million from private investors. As part of the deal, the government agreed that if Solyndra ever went bankrupt, it would have to pay back the $75 million to investors first, ahead of disbursing any money back to the taxpayers.

Center for Public Integrity reporter Ronnie Greene told The Lookout that Republican members of the subcommittee suggested Wednesday that cutting such a deal was illegal, in violation of a provision of the Clean Air act.

Jeffrey Zients, deputy director of the Office of Management and Budget, defended the restructuring at the hearing Wednesday, arguing that it was less costly to taxpayers than liquidation or any other option would be.

The White House's defense

White House spokesman Jay Carney said Wednesday that the White House did not try to accelerate the approval process for the loan in any improper way. "What the emails make clear is there was urgency to make a decision on a scheduling matter. It is a big proposition to move the president or to put on an event and that sort of thing so people were simply looking for answers about whether or not people could move forward," Carney told reporters. "It had nothing to--and there is no evidence to the contrary--nothing to do with anything besides the need to get an answer to make a scheduling decision," he said.

Democrats on the panel, meanwhile, tried to deflect blame to the Solyndra executives themselves, arguing that company officials misled them about Solyndra's financial situation in July.

"I'm perplexed how they can be in my office in July telling me things are looking better and two months later filing for bankruptcy," Rep. Diana DeGette (D-Colo.), the top Democrat on the committee's oversight panel, said, according to The Hill.

The FBI won't say why it raided Solyndra's offices, and later searched executives' homes.

The top Energy Department and Office of Management and Budget officials at the panel said the Bush administration had also looked into giving the company money and that all such investments are risks. Zients, of the Office of Management and Budget, stressed that an independent credit rating agency and experts had examined the company before it was approved for the loan.

"Some of America's most sophisticated professional investors collectively invested nearly a billion dollars in the company after conducting extensive due diligence of their own," Jonathan Silver of the Energy Department testified.

Potential fallout?

The most obvious consequence of the Solyndra fiasco is that the government is going to lose some cash. According to the Washington Post, taxpayers will pick up the tab for the loan if Solyndra can't repay it. "The Energy Department could seek repayment in court, but receiving more than a nominal amount is unlikely because of the company's depleted cash and assets," the Post reports.

The legal implications of the case are less clear. Since the FBI won't disclose the reasons for raiding Solyndra's offices, the nature of the agency's investigation is unclear. Democratic lawmakers have suggested that the company misrepresented its financial situation to Congress.

Meanwhile, Republican lawmakers suggested that the February refinancing of the loan providing for private investors to be paid back before the government may be illegal. But that's far from certain, according to Greene.

In the short term, the controversy has spurred calls to roll back or regulate Obama's green jobs program. Sen. David Vitter (R-La.) floated legislation Wednesday to require all renewable energy companies that received a loan from the U.S. government in the past two years to undergo an audit, the Hill reported.
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Posted 15 September 2011 - 11:58 PM

What does Obama know about making money? He went from being a student to academia to politics. The only shocking part about it is that it was only half a billion.
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#3 User is online   santana Icon

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Posted 16 September 2011 - 12:38 AM

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The top Energy Department and Office of Management and Budget officials at the panel said the Bush administration had also looked into giving the company money and that all such investments are risks. Zients, of the Office of Management and Budget, stressed that an independent credit rating agency and experts had examined the company before it was approved for the loan.

"Some of America's most sophisticated professional investors collectively invested nearly a billion dollars in the company after conducting extensive due diligence of their own," Jonathan Silver of the Energy Department testified.


If this holds up to be true I don't get what the big deal is
535 mil is a lot of money to invest but these investments when they work out will drive the country forward

Seems like solyndra didn't hold up their end and is a good sign why business in America is suffering
Even after a cash infusion those fuckers couldn't get their shit together
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#4 User is offline   Jetsfan115 Icon

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Posted 17 September 2011 - 08:29 PM

View Postsantana, on 15 September 2011 - 10:38 PM, said:

If this holds up to be true I don't get what the big deal is
535 mil is a lot of money to invest but these investments when they work out will drive the country forward

Seems like solyndra didn't hold up their end and is a good sign why business in America is suffering
Even after a cash infusion those fuckers couldn't get their shit together


its cause the people at the top (ceo, vp, president, cfo, controller, etc) are greedy and take huge salaries for no reason. there is no reason a vp should make more then 30k a year more then the person below them. but they give themselves a 5 mil a year salary for vanity and it drains money from the company
Get it done MT
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Posted 20 September 2011 - 08:00 PM

http://www.zerohedge...cfo-plead-fifth

When the FBI raids your offices, it's not because you gave yourself a big bonus.
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#6 User is offline   NJAzrael71 Icon

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Posted 30 September 2011 - 06:30 PM

It's just a shame that Obama can't be charged with anything regarding this. He basically gave away 535 million after being told it's a bad bet. BUT....since it was funded by the stimulus package he went even further and had it hidden in there claiming the money was goignt o the American taxpayers. Really? Sounds to me like some old college buddies got a nice payday from Obama.
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