Cronyism. Worse yet, cronyism combined with unjust enrichment.
Few thousand here and there. Few tens of thousands over there. Start heading up valley into high-end construction and business and a few hundred thousand to millions.
There are many good things that eventually will come out of the exposure from Solyndra and the rampant abuses in Fanny, Freddie and the housing bubble.
The question is.
Will the folks survive that long? Especially when every time they turn around on federal levels, state levels and local levels more evidence of more abuses keeps rising like cream to the surface.
“Not very much.”
This was the answer that the Department of Energy Secretary, Steven Chu, recently provided when asked of the amount the federal government will be able to recover from the Solyndra bankruptcy.
“Not very much.”
The same could be said for the amount of research that the federal government has put into other companies involved in the Solyndra scandal. One such company, CH2M HILL, should be next on the House GOP radar, having used nearly $10 million in stimulus funding to design the elaborate Solyndra facility in Fremont, California. While CH2M HILL is in no danger of suffering the same bankruptcy plight, they also languish in a pool of mismanaged taxpayer funds. The firm has a history of fraud, kickbacks, violations, and cover-ups, not to mention one particular parallel with the Solyndra scandal—layoffs. This, despite receiving almost $2 billion in stimulus funding.
Why, having been awarded more than three times as much funding as Solyndra, has CH2M escaped serious scrutiny?
(Read more? Click title. Comment to discuss)
"Truth goes through three stages. First it is ridiculed. Then it is violently opposed. Finally, it is accepted as self-evident."
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