In response to:

Crony Capitalism Alert: Ex-Im Bank Props Up Failing Solar Company with Big Loans

tim87 Wrote: Jul 24, 2012 11:30 AM
PART 2: Lastly, you are being intellectually dishonest if you allege that the fact that this loan guarantee made for purposes of artificially propping up another failed Obama croney oufit (First Solar) reflects anything but an arms length transaction. This is nothing more than a costly (to the US taxpayers) propaganda move by the WH to keep from having yet ANOTHER GREEN FRAUDSTER GO BELLY UP! Based upon FS's most recent financials, there is no way ths company can possibly survive without some kind of croney based cash injection...that is being provided by We the People! How stupid does the WH think the public is??? Frankly with Obama polling still in the mid 40s, I, too, am beginning to wonder.
First Solar is the recent beneficiary of guaranteed loans from the Export-Import Bank. The Export-Import Bank is a government corporation that operates within the Executive Branch, with the mission of financing the foreign purchase of domestic goods. The unaccountable bank has rightly been labeled as corporate welfare by House conservatives, but was reauthorized by the Republican majority a few months back. The bank’s recent loan guarantee to support First Solar calls into question the wisdom of that reauthorization. First Solar, as pointed out by Ashe Schow at Heritage Action , is the last company a government...