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JETS SUPER BOWL THIS WEEKEND
MikeGangGree... Icon : (Today, 05:15 PM) !!!!
ROBJETS Icon : (Today, 05:15 PM) They were trash without manning too.
Jetsfan0099 Icon : (Today, 05:16 PM) f*** THE DUCK
MikeGangGree... Icon : (Today, 05:16 PM) GASP!!!!
MikeGangGree... Icon : (Today, 05:16 PM) How dare u say that
Jetsfan0099 Icon : (Today, 05:17 PM) I'm excited to start researching potential draft prospects for us, I have no idea really who the top guys are this year.
ROBJETS Icon : (Today, 05:17 PM) Look at all the first round top qb draft pick busts over the years. Even most of the analysts arent sure about any of the qbs this year
MikeGangGree... Icon : (Today, 05:17 PM) I can not believe u could post such a thing about THE DUCK
Jetsfan0099 Icon : (Today, 05:17 PM) I'll be more excited if Idzik was fired. I'm interested to see who our next HC is too
MikeGangGree... Icon : (Today, 05:19 PM) Bill cowher and THE DUCK
MikeGangGree... Icon : (Today, 05:20 PM) FIGHT in the Giants rams game
MikeGangGree... Icon : (Today, 05:20 PM) FIGHT FIGHT TIGHT
MikeGangGree... Icon : (Today, 05:20 PM) FIGHT
MikeGangGree... Icon : (Today, 05:20 PM) FIGHT
MikeGangGree... Icon : (Today, 05:20 PM) !!!!!!!
ROBJETS Icon : (Today, 05:20 PM) Leaf , Russell, Harrington,Young, Carr....... All picked with the first 3 picks
MikeGangGree... Icon : (Today, 05:22 PM) Its all hit of miss
ROBJETS Icon : (Today, 05:24 PM) Yeah and thats what Im saying. So you changed your tune now?
ROBJETS Icon : (Today, 05:25 PM) No one believes any of the qbs coming out this year is NFL ready
Jetsfan0099 Icon : (Today, 05:25 PM) Talk about all the recent QBs that were taken and have done well
Jetsfan0099 Icon : (Today, 05:26 PM) not true, some believe in the QBs this year. Some don't.
MikeGangGree... Icon : (Today, 05:26 PM) NO
MikeGangGree... Icon : (Today, 05:26 PM) SUCK FOR THE DUCK
Jetsfan0099 Icon : (Today, 05:27 PM) I've seen tweets from NFL people that think Winston's skills are NFL ready. Has maturity issues though
ROBJETS Icon : (Today, 05:27 PM) Yeah but most of those years there more qbs that were thought to be NFL ready. The last few years hasnt been that way
MikeGangGree... Icon : (Today, 05:28 PM) Its hard to go against Winston
Jetsfan0099 Icon : (Today, 05:28 PM) I rather have a high pick regardless, even if you trade back, it's valuable.
MikeGangGree... Icon : (Today, 05:28 PM) the guy has not lost a game in 2 years as a starter
MikeGangGree... Icon : (Today, 05:28 PM) Trade with the redskins
MikeGangGree... Icon : (Today, 05:29 PM) Maybe they will give us 3 1st round pikcs
MikeGangGree... Icon : (Today, 05:29 PM) picks
ROBJETS Icon : (Today, 05:29 PM) Heck I think Maniel will be a huge bust. I actually hope he is because he was a major dickhead in college acting like he was the next Brady or Peyton Manning
Jetsfan0099 Icon : (Today, 05:29 PM) I'm no QB expert, but I think Winston shows a lot of ability to be a franchise QB. Guy has amazing pocket presence for a college QB and when the game is on the line he always delivers. He is very talented as well.
ROBJETS Icon : (Today, 05:29 PM) Manziel
ROBJETS Icon : (Today, 05:32 PM) I didnt see any of his so I cant say. I usually only watch Pac 12 games
ROBJETS Icon : (Today, 05:35 PM) My problem with Mariota is that he has accuracy issues. Look at the las time we picked a qb with Accuracy issues didnt work out that well
ROBJETS Icon : (Today, 05:37 PM) And I wasn't really impressed with Sanchez looking much better this year. His accuracy is finally NFL average but once again like pretty much every year he has more turnovers than tds
ROBJETS Icon : (Today, 05:38 PM) 12 passing tds 1 rushing td 10interceptions and 7 fumbles 4 of them lost so he has 13 tds and 14 turnovers total
ROBJETS Icon : (Today, 05:39 PM) No chance of him taking Foles job
ROBJETS Icon : (Today, 05:41 PM) though he might have a shot getting a job on a team that needs a td with his improved accuracy. He was better in the Redzone this year. best of his career. No tunovers in the redzone. The first time in his career
ROBJETS Icon : (Today, 05:41 PM) meant needs a qb
ROBJETS Icon : (Today, 05:43 PM) I wish we could keep harvin but he is definitely gone. No way the team is going to pay him what he wants with so many needs. Hope they pay Richardson though
ROBJETS Icon : (Today, 05:46 PM) We need to upgrade almost the whole Oline and Mangold is getting old so we need to start looking for a center soon. he is still damn good at blocking but he never pulls like he used to on running plays
ROBJETS Icon : (Today, 05:48 PM) Especially with him having to deal with that big bastard Wilfork twice a year.
santana Icon : (Today, 05:52 PM) Keenum played better than any jet qb this year
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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 offline   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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