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ganggreen2003 Icon : (21 April 2015 - 07:52 PM) Week 5 Bye after the London Game against the Dolphags
NJAzrael71 Icon : (22 April 2015 - 09:17 AM) Rivers is likely going to Tennessee. Would LOVE to have him here but we likely won't make the trade. I'd easily give this year and next year
NJAzrael71 Icon : (22 April 2015 - 09:17 AM) 's first rounder for him
azjetfan Icon : (22 April 2015 - 11:03 AM) IMO that's a steep price. I would swap this years first and a conditional 1st next year. Assuming we make the AFC Championship. That would be a 28-32nd pick. Otherwise a second.
MikeGangGree... Icon : (22 April 2015 - 01:07 PM) Yes 2 1st is a lot
Jetsfan0099 Icon : (22 April 2015 - 01:10 PM) draft is next week, pumped
Chadforpresi... Icon : (22 April 2015 - 03:02 PM) What are thoughts on getting a RB in round 1? McShay's newest mock has us taking Gurley at 6. I don't think we should take him that high, but if we trade down and he's available I'd love to snag him, ACL and all. He's got an unreal skill set that, once healthy, will translate readily to the NFL. We're not getting a QB this year without paying a king's ransom, and unless we pay a ransom for a top guy I say ignore QB. I don't want us to take a Hundley or Petty type in the 2nd or 3rd round when we need other pieces (edge rush, OL)
azjetfan Icon : (22 April 2015 - 03:09 PM) We can probably get Gordon in the second. I would pass at 6. If QB is not available a pass rusher will be. Our biggest needs are QB Pass rusher and Oline.
Jetsfan115 Icon : (22 April 2015 - 03:34 PM) any thourghts on shane ray? i see a lot of mocks have us drafting him
Jetsfan115 Icon : (22 April 2015 - 04:35 PM) last one i seen had us taking cooper, a RB, and hundley for our 1st 3 picks. not thrilled about that
Chadforpresi... Icon : (22 April 2015 - 04:38 PM) I don't like Gordon much. Not much of a receiver or blocker, ball security issues, tries to bounce outside too much, stuffed frequently. Gurley is in a league of his own
Chadforpresi... Icon : (22 April 2015 - 04:39 PM) Ray is pretty highly regarded. I'm betting he, Dupree, and Gregory will be our best options as well as edge rushers at 6, but I think that's too high for any of them
Chadforpresi... Icon : (22 April 2015 - 04:43 PM) Personally love Cooper, I know WR isn't our biggest need but he may be the most NFL ready guy in the Draft. If we stick to the 6th pick and Fowler, Beasley, and Mariota are gone, Cooper is the guy to get. I'd even take him over Beasley
Jetsfan115 Icon : (22 April 2015 - 05:45 PM) i don't mind cooper. decker isn't number 1 IMO and marshall is expensive and getting old
Jetsfan115 Icon : (22 April 2015 - 05:45 PM) and we never draft a WR high
Jetsfan115 Icon : (22 April 2015 - 05:45 PM) but o-line and QB are huge needs. i wouldn't take o-line 6th overall, but i think our 2nd or 3rd should be o-line
Jetsfan115 Icon : (22 April 2015 - 05:46 PM) we need an OLB as well. if we don't land a QB i'd like to see OLB adn O-line with 2 of our top 3 picks
Chadforpresi... Icon : (22 April 2015 - 08:16 PM) I agree on Deck, not a true #1 and he's had a checkered history with injuries. Marshall has 2, maybe 3 productive years left, which is why Cooper is an option
Chadforpresi... Icon : (22 April 2015 - 08:17 PM) And I agree with you on edge rusher & OL being bigger needs, but there really isn't a lineman I'd take at 6
Chadforpresi... Icon : (22 April 2015 - 08:19 PM) So the way I see it, assuming Winston and Mariota are taken when we're at 6, that Fowler and Cooper are our best choices, and I'd be stunned if Fowler drops. I wouldn't be surprised (or upset) if we land Cooper
NJAzrael71 Icon : (22 April 2015 - 08:47 PM) Apparently Tennessee wanted both of Cleveland's #1's and their 2nd rounder to move up to the #2 spot to get Mariota. Still think two 1st rounders are too much for Rivers? He makes us instant contenders and if we make a deep playoff run, it would really be this year's 1st and what equates to basically a 2nd rounder next year.
If not, get Cooper in the 1st and then grab Hundley in the 2nd and O-line in the 3rd.
Jetsfan0099 Icon : (22 April 2015 - 10:05 PM) I wouldn't be upset with Cooper, hes a stud
Jetsfan0099 Icon : (22 April 2015 - 10:06 PM) Not sure about Ray. Dupree is rising on the draft boards, ridiculously athletic for his size
Jetsfan0099 Icon : (22 April 2015 - 10:07 PM) Dupree is 6'4 270 and has a amazing get off and runs a 4.5
Jetsfan0099 Icon : (22 April 2015 - 10:09 PM) Problem is he doesn't have big sack numbers in college, I rather draft a productive guy high
Jetsfan0099 Icon : (22 April 2015 - 10:09 PM) Vic Beasley is insanely athletic as well and was hugely productive in college, good bet is that Beasley will be a 10+ sack guy in the NFL
NJAzrael71 Icon : (22 April 2015 - 10:12 PM) Beasley should be a stud but he gets caught up hand fighting if he doesn't beat his guy quickly. He'll likely end up as an OLB but we'll see
Jetsfan0099 Icon : (22 April 2015 - 10:15 PM) He'd be a good fit in our defense, because we could use that speed guy on the outside
Chadforpresi... Icon : (23 April 2015 - 06:27 AM) I'd love Rivers, but we should be able to get him without paying 2 first rounders
Chadforpresi... Icon : (23 April 2015 - 06:29 AM) Lot of buzz about Dupree going top 10, most mocks I see have us getting either Ray or Dupree at 6. I prefer Dupree, like you said insane athlete for his size
Chadforpresi... Icon : (23 April 2015 - 06:30 AM) I like Beasley as well but I have a strong feeling Washington will snag him. But he is a small dude, it'd be nice if he'd add some bulk (in Clemson reportedly played around 230)
Chaos Icon : (23 April 2015 - 10:11 AM) @ArifHasanNFL

.@LanceZierlein says on http://sports790.com that Shane Ray will need surgery on foot, 5 months recovery. "Could drop out of first"
Chaos Icon : (23 April 2015 - 10:14 AM) this should change up the top 10
Chadforpresi... Icon : (23 April 2015 - 12:16 PM) Damn that's big. If he drops out of round 1 that could be a massive bargain for whoever gets him round 2. Dupree now looks more like the edge rusher we'd get at 6
MikeGangGree... Icon : (24 April 2015 - 09:40 PM) TEH RANGERS
santana Icon : (24 April 2015 - 11:32 PM) TEH WIZ
Jetsman05 Icon : (Yesterday, 06:57 AM) Teh Suarez
Jetsman05 Icon : (Yesterday, 06:58 AM) Vic Beasley is all speed. No moves, no power. Straight up the field. Could have some big games, then nothing in the next
Jetsman05 Icon : (Yesterday, 06:59 AM) If we don't get Mariota, we should be looking at Schreff or trading down, IMO.
Jetsman05 Icon : (Yesterday, 06:59 AM) A lot of good edge rushers in this draft... I wouldn't want to take Dupree that high.
Jetsman05 Icon : (Yesterday, 07:00 AM) Until next time fellas!
azjetfan Icon : (Yesterday, 01:19 PM) Helloooooooooo
azjetfan Icon : (Yesterday, 01:19 PM) Bueller
Jetsfan0099 Icon : (Yesterday, 01:33 PM) Manish says the Jets should trade down and draft Andrus Peat round 1
azjetfan Icon : (Yesterday, 04:39 PM) Even an idiot can say something that's right every now and then
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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 online   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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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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