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Jets pick up option on Wilkerson
Jetsfan115 Icon : (16 April 2014 - 03:33 PM) so i bet powell barely gets any touches this year and goodson gets cut
azjetfan Icon : (16 April 2014 - 03:34 PM) Goodson is as good as gone.
azjetfan Icon : (16 April 2014 - 03:34 PM) With all his legal issues and coming off injury he is done. Possibly even in the NFL
Jetsfan0099 Icon : (16 April 2014 - 03:39 PM) Powell is average anyways.
Chaos Icon : (16 April 2014 - 03:39 PM) @ProFootballTalk 5m

Per source, Chris Johnson's two-year deal has a base value of $8 million, with another $1 million available in incentives based on yardage.
Jetsfan0099 Icon : (16 April 2014 - 03:40 PM) He does a lot of things well, but isn't talented enough. Johnson has breakaway ability still and Ivory is man beast running the football
Jetsfan0099 Icon : (16 April 2014 - 03:41 PM) We will get another WR in the draft. Even in round 2 you can get a starting WR
azjetfan Icon : (16 April 2014 - 04:09 PM) I am still standing by my CB in the first round and WR in the second prediction
santana Icon : (16 April 2014 - 05:19 PM) The title race is bale
azjetfan Icon : (16 April 2014 - 05:34 PM) Sidney rice coming in for a visit
Jetsfan0099 Icon : (16 April 2014 - 05:49 PM) I think the Jets are getting themselves ready to draft best player available
Jetsfan0099 Icon : (16 April 2014 - 05:49 PM) Last year they stuck to their board
HarlemHxC814 Icon : (16 April 2014 - 06:27 PM) if they sign him I think that means they look to take a CB round 1
2JBallar01 Icon : (16 April 2014 - 06:32 PM) “@AdamSchefter: RB Chris Johnson's 2-year deal with Jets has a team option in it for year two. Jets have option to pick up year two at $4M in February 2015.”
Jetsfan0099 Icon : (16 April 2014 - 06:51 PM) @AlbertBreer 2m
Sidney Rice has agreed to terms with the Seahawks on a one-year deal, per source.
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Jetsfan0099 Icon : (16 April 2014 - 06:55 PM) There is really only 2 CBs worth taking at 18
Jetsfan0099 Icon : (16 April 2014 - 06:56 PM) I rather get a offensive playmaker
ganggreen2003 Icon : (16 April 2014 - 06:58 PM) LaMont Jordan was 34
Jetsfan0099 Icon : (16 April 2014 - 06:59 PM) liar
ganggreen2003 Icon : (16 April 2014 - 07:05 PM) He wore #34 when he played for the JETS
ganggreen2003 Icon : (16 April 2014 - 07:05 PM) I should know I met him at an event in his last year with the JETS before he went to Oakland
ganggreen2003 Icon : (16 April 2014 - 07:05 PM) GFYS 0099 you shit talker
HarlemHxC814 Icon : (16 April 2014 - 07:06 PM) http://www.nydailyne...entry-1.1758342
HarlemHxC814 Icon : (16 April 2014 - 07:06 PM) there's no reason we can't have someone off this site on that list too
azjetfan Icon : (16 April 2014 - 07:08 PM) Rice resigned with Seattle
Jetsfan0099 Icon : (16 April 2014 - 07:08 PM) did you scare him into going to Oakland?
Chaos Icon : (16 April 2014 - 08:18 PM) unfortunately those sites are too much bigger than our
MikeGangGree... Icon : (16 April 2014 - 10:51 PM) WOOOO
santana Icon : (16 April 2014 - 11:01 PM) I'm sure it's possible but this isn't a blog site as much as its a login and yell about the jets site
santana Icon : (16 April 2014 - 11:01 PM) WOO
Chaos Icon : (17 April 2014 - 07:39 AM) yeah...TheGangGreen didn't participate either. they're represented as a forum too on Google
Jetsman05 Icon : (17 April 2014 - 01:11 PM) offesnive tehhhh
santana Icon : (17 April 2014 - 01:46 PM) 05 on point today
santana Icon : (17 April 2014 - 02:36 PM) lol
ganggreen2003 Icon : (17 April 2014 - 05:31 PM) It's 0099's favorite day of the year
ganggreen2003 Icon : (17 April 2014 - 05:32 PM) it's National High-5 day :WTF:
ganggreen2003 Icon : (17 April 2014 - 05:32 PM) who the hell high 5's people anymore
ganggreen2003 Icon : (17 April 2014 - 05:32 PM) just dap and leave it there
santana Icon : (17 April 2014 - 05:43 PM) everyone high 5s
santana Icon : (17 April 2014 - 05:44 PM) bubba watson when he won the masters last weekend went through a gauntlet of high 5s
Jetsfan0099 Icon : (17 April 2014 - 06:05 PM) GG03 is the high 5 master
Jetsfan0099 Icon : (17 April 2014 - 06:07 PM) FIRE IDZIK
Mr_Jet Icon : (17 April 2014 - 10:45 PM) People don't dap anymore either.
ganggreen2003 Icon : (18 April 2014 - 04:43 PM) Dapping is more manly than high 5ing which is really really really girly
Jetsfan0099 Icon : (18 April 2014 - 06:05 PM) gg03 doesn't like that people left him hanging
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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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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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Damn it huevos rancheros move out the way!
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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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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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