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Rant

Just what is the FBI up to now?

Posted 8 months ago|2 comments|505 views
Big Brother!
Written by
We have all heard recently about the FBI raiding the Gibson Guitar factory claiming that they allegedly used illegally sourced wood. Some have actually suggested that the head of Gibson, a notable Republican, who has donated to Republican causes, may be the fuel behind the raid.

Well, today it was reported that the FBI has raided the headquarters of a solar panel manufacturer, Solyndra. What's interesting, is that President Obama felt that this business in particular, would benefit in many ways from his administrations economic policies.

Apparently, this company had accepted $535 million dollars in loans from the Federal government and now, the FBI decides to raid this California based company, one week after it laid off 1,100 workers and filed for bankruptcy.

The President and other high ranking officials have been known to visit Solyndra in the past. The company was used as a model for government investment in green technology.

Solyndra apparently failed as a company due to Chinese competition which has drove the prices of solar panels down.

Interestingly enough, Republicans have been looking into the fact that the government loaned this company such a large amount of money for months. Documents have been subpoenaed about the loan from the White House Office of Management and Budget.

First the FBI raids a guitar manufacturer, and now a solar panel manufacturer. What is really behind these raids? These raids are starting to look more and more like they are politically motivated from every angle.

Doesn't the Federal Bureau of Investigation have anything better to investigate? It seems to me that the FBI is wasting, time, energy, resources and tax payer dollars all in the name of politics. Both of these raids clearly show that the government is getting way too big for its own good.


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COMMENTS
Out Of The Box
Out Of The Box
 Moderator
8 months ago: This is the third Stimulus backed solar panel company to go under in the past thirty days.

The search warrant served by the FBI was done so on behalf of the Dept. of Energy. Hmmm, they are the ones that gave Solyndra the $535 million. But
Solyndra officials are the ones who gave thousands and thousands of $$ to Obama's '08 presidential campaign. Can you say transparency in government?A half billion dollars of taxpayer money turned into chapter 11 bankruptcy.

Altruist
Altruist
Eugene, OR
8 months ago: Maybe they want their loan money back and they think the bosses were doing a bit of embezzling. There is little excuse for solar companies going under now when we need it the most, and when oil is so expensive. On the other hand natural gas is a tough competitor now.

The DOE is trying to be accountable and making certain that the money they invest does not go to foreign companies.

"U.S. Justice Department attorney Matthew Troy then voiced concerns that a new buyer could move the technology and equipment out of the U.S., and that would violate the terms of a federal $535 million loan secured by Solyndra to build a new factory." http://gigaom.com/cleantech/fbi-investig...

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