THE UNREPORTED CORRUPTION CONTINUES
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Yes…there for the little guy. But first, let’s take care of our buddies, our friends, our ex-staffers. The unreported corruption continues…and we continue to tell you, the supine, lapdog, paws in the air, tongues wagging, even more corrupt mainstream media refuses to report the hundreds of billions of your taxpayer dollars used as a slushfund to enrich the friends of this administration…and in plain sight. Read this:
A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada — which received hearty endorsements from Energy Secretary Steven Chu and Senate Majority Leader Harry Reid — faces financial problems, and the company’s auditors have questioned whether it can stay in business.
Much like Solyndra LLC, a California solar-panel manufacturer with a $535 million federal loan guarantee that went bankrupt, Nevada Geothermal Power (NGP) has incurred $98 million in net losses over the past several years, has substantial debts and does not generate enough cash from its current operations after debt-service costs, an internal audit said.
SOURCE: http://www.washingtontimes.com