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OFF SEASON ALMOST OVER AUG 13 VS LIONS
azjetfan Icon : (11 June 2015 - 07:37 PM) rumor has it he wanted a raise over his $5.5 million base this year
Jetsfan115 Icon : (11 June 2015 - 07:39 PM) 33 is young for a guard. he's got at least 3-4 more years in him
azjetfan Icon : (11 June 2015 - 07:40 PM) Mmmmm I disagree.
azjetfan Icon : (11 June 2015 - 07:40 PM) I would go 2 year deal.
azjetfan Icon : (11 June 2015 - 07:41 PM) Maybe longer if we could get out of it after 2
Jetsfan115 Icon : (12 June 2015 - 11:36 AM) backloaded 4 year deal ca cut after 2 years wit minimum cap hit
Jetsfan115 Icon : (12 June 2015 - 02:22 PM) Jets sign free agent OT Charlles Brown
azjetfan Icon : (14 June 2015 - 01:48 PM) We won't be able to backload it. He won't accept the offer. Keep in mind he requested he release because they couldn't come to an agreement on a raise.
azjetfan Icon : (14 June 2015 - 01:49 PM) He is probably looking for $7 million or more per year.
Jetsfan115 Icon : (15 June 2015 - 09:44 AM) he was only making 5.5 million this year. we can give him 10 mil signing bonus onf a 5 year deal and a low base salary (like 3 mil a year) it'll average out to 5 mil a year, but he'll get 13 million this year (more then double) and will cost 5 mil a year against the cap for the rest of the deal
2JBallar01 Icon : (15 June 2015 - 02:17 PM) Any news on Mathis at all? Haven't heard anything since his release.
2JBallar01 Icon : (15 June 2015 - 02:17 PM) Also, Sam Baker was cut today as well
santana Icon : (16 June 2015 - 04:52 PM) Titans releasing RB Shonn Greene
MikeGangGree... Icon : (16 June 2015 - 10:40 PM) TEH WARRIORS
santana Icon : (16 June 2015 - 11:08 PM) This trophy ceremony awkward as fuck I had to turn it off
Mr_Jet Icon : (17 June 2015 - 08:02 PM) It really was. It was more Doris Burke interviewing the Warriors than it was a trophy ceremony. Plus Adam Silver forgot to hand the Warriors owner the trophy after he was done talking to the crowd.
Mr_Jet Icon : (17 June 2015 - 08:03 PM) R.I.P. Stuart Scott
MikeGangGree... Icon : (17 June 2015 - 10:05 PM) FIRE SILVER
MikeGangGree... Icon : (17 June 2015 - 10:05 PM) FIRE BURKE
MikeGangGree... Icon : (19 June 2015 - 06:27 PM) THE A-ROD!!
santana Icon : (26 June 2015 - 12:19 PM) god damn week no activity in here
santana Icon : (26 June 2015 - 12:20 PM) might have to chop this table up into fire wood
santana Icon : (26 June 2015 - 12:26 PM) FIRE WOOD!
Mr_Jet Icon : (26 June 2015 - 05:54 PM) Kristaps Porzingis???
Mr_Jet Icon : (26 June 2015 - 05:55 PM) You'd think Isiah Thomas was still running the Knicks last night.
santana Icon : (27 June 2015 - 07:30 PM) Lol yeah no clue about those names
Jetsfan0099 Icon : (28 June 2015 - 10:10 AM) Is there any chance that Porzingis ends up being good?
Jetsfan0099 Icon : (28 June 2015 - 10:10 AM) I'm guessing he won't be the next Pau Gasol or Dirk Nowviski
Mr_Jet Icon : (28 June 2015 - 11:41 AM) You never know, he could be as good as Gasol brothers or Dirk. Honestly the Knicks picking at #4 did the same thing the 3 teams picking ahead of them did. Picked a 19 year who could go boom or bust.
Mr_Jet Icon : (28 June 2015 - 11:45 AM) Porzingis seems to have the "I'm going to prove them wrong" type of attitude needed to overcome people's doubts about him. Hopefully he'll have the work ethic that goes along with that attitude.
azjetfan Icon : (28 June 2015 - 10:17 PM) In other news I decided to shave the dome. Since the hair was falling out anyway I figured I would show it who's boss
santana Icon : (29 June 2015 - 01:11 PM) Deisel up shave the dome
Mr_Jet Icon : (29 June 2015 - 04:49 PM) Welcome home.
azjetfan Icon : (29 June 2015 - 08:59 PM) I feel fast.
azjetfan Icon : (01 July 2015 - 07:53 PM) Shot an 86 today. Personal best.
santana Icon : (01 July 2015 - 08:19 PM) well done
santana Icon : (01 July 2015 - 08:19 PM) im going to play friday
blk_orion Icon : (02 July 2015 - 08:57 AM) play what? golf?
Jetsfan0099 Icon : (02 July 2015 - 01:16 PM) Sheldon Richardson suspended 4 game for substance abuse.
Jetsfan0099 Icon : (02 July 2015 - 01:16 PM) f***
ganggreen2003 Icon : (02 July 2015 - 06:15 PM) DAMNIT TO f***ing HELL!!!!
azjetfan Icon : (02 July 2015 - 07:46 PM) Yup. Golf. I'm ready to take on Tiger. Mid season form. For what ever reason I am hitting the driver great. 280 and fairly controlled. I'm playing again Saturday.
santana Icon : (02 July 2015 - 07:55 PM) tiger shot a 66 today didnt he easy course though
santana Icon : (02 July 2015 - 07:55 PM) things were going too well for the jets this off season
MikeGangGree... Icon : (02 July 2015 - 10:33 PM) Well I guess Williams will be starting in opening day now
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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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#2 User is offline   SecondHandJets Icon

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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
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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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