Tag: United States bankruptcy law

Another Solyndra WTF? question

I have never, ever heard of a political party being a creditor in a bankruptcy, but it is not a joke, when we find out that the democratic party of California is listed as one for Solyndra. Even stranger is the fact that the democrats are acting like they are not sure why that happened:

Out of the hundreds of out-of-work employees, vendors, investors and other creditors in the bankruptcy of government-backed solar-panel maker Solyndra LLC, one name stands out: the California Democratic Party.

Why California Democrats would be creditor to a company that received more than a half-billion dollars in federal loans to build a solar-panel plant isn’t clear. Even party officials say they’re not sure.

The California Democratic Party’s communications director, Tenoch Flores, said the organization was not owed “any funds in any form” by the California-based company. He said he was unclear why the party would be listed as a creditor in Solyndra’s bankruptcy filing.

According to campaign-finance records, Solyndra donated $7,500 to the California Democratic Party in October 2010. It’s legal in California for corporations to make donations. But that doesn’t explain why the company would identify the Democratic Party as a creditor in its bankruptcy filing a year later.

According to campaign-finance records, Solyndra donated $7,500 to the California Democratic Party in October 2010. It’s legal in California for corporations to make donations. But that doesn’t explain why the company would identify the Democratic Party as a creditor in its bankruptcy filing a year later.

Seriously, the more we find out about this deal, and then despite the LSM’s effort to ingore the story, the the crazier it gets. The sycopants and worshippers remain immune to stinging revelation after damaging revelation. Not that I am surprised, mind you. I am just enjoying the fact I was right when I pointed out these people’s “concerns” practically always where politically motivated, with some facts gathered or made up, to pretend they where serious.