The Secret Government Bank That's Financing More Solyndras ... Sitting at the center of the Solyndra scandal is an off-balance-sheet bank at the Treasury Department that dates back to 1973. This little-known government bank, the Federal Financing Bank [FFB], had a zero balance in 2008 for green energy projects, but now, with little Congressional oversight, it is giving out billions of dollars in loans to White House pet projects often at dirt-cheap interest rates below 1%. – Fox
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3 comments:
So if it's been there since '73, how is it "obama's secret" bank?
Are you making excuses for Obama's slush fund?
regardless of the "parties" involved; it's a pox on all. this secret green bank and any other secret banks should be destroyed once and for all. enough already. let the free market take care of this as they see fit. using investment monies from their coffers; not the taxpayers.
as a semi-free, weakend nation we should utilize ALL of our resources and go after oil and coal and natural gas as never before. we have investors and business people ready to roll with this and get the government out of the way.
we would no longer be dependant on our enemies and other foreigners and the jobs this would create would be enormous.
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