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Friday, January 04, 2013

Warren Buffett Buys Plants from Company that Received 1.2 Billion in Stimulus Funds



It’s good to be the king. And if you can’t be the king, it’s good to be the guy who sticks close to the king and gets his leftovers.


Sun Power came under fire during the election for the 1.2 billion dollars in stimulus fund loan guarantees that it received from Obama Inc. The problem was that Sun Power was completely nonviable as a business.

Republican lawmakers on two House committees are seeking details about the loans given to First Solar, SunPower Corp. and ProLogis. Of those three companies, troubling financial revelations have emerged about SunPower, which received a $1.2 billion loan, more than twice the money approved for Solyndra, which filed for bankruptcy last month after receiving a $528 million loan.
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4 comments:

Anonymous said...

Another typical democrat who talks a good game but walks an entirely different path.

Anonymous said...

952-He's not a democrat.

Hopefully he'll soon turn over the reins of Berkshire. Buying up newspapers and solar power plants sounds like the type of investments a man who has lost his wit would do.

Anonymous said...

He is 12:19. He claims he's not "a card carrying" one because he did give campaign donations to some republicans but he is a democrat.

Anonymous said...

Smart businessmen always play both sides of the political fence during election time. Money goes in the coffers of every hopefull Presidential, V.P., senatorial and congressional campaign fund of those running in the state that the businessman expects to do business. I used to watch someone do this every four years, who was in truth, a die hard Republican. Playing both sides of the fence is always guaranteed to be a winning hand over the long run. Every time!