Translate

Sunday, February 24, 2013

Why Did a LOT of Companies that Got Money From the Federal Financing Bank Read My Blog? They'll Know the Williamson County ADA Terry Wood LIED. I Filed an Appeal and I Get to Do an Oral Argument in Front of Three Judges. I'm Gonna Prove I Was Wronged and Bring Down a Bunch of Greedy Green "Doing it for the Green" Good Ole Boys....




Wonder WHO I should reach out to next?

Get this.....

Every Company that got a FFB cheap loan was just a 
few degrees from Al Gore


Coincidence? 



Sitting at the center of the Solyndra scandal is an off-balance-sheet bank at the Treasury Department that dates back to 1973.

This little-known government bank, the Federal Financing Bank [FFB], had a zero balance in 2008 for green energy projects, but now, with little Congressional oversight, it is giving out billions of dollars in loans to White House pet projects often at dirt-cheap interest rates below 1%.


In July alone, the government bank, which had $61 billion in assets, lent nearly three quarters of a billion dollars in taxpayer funds with no Congressional checks and balances.

Plus the bank is funding the insolvent U.S. Post Office; the White House’s expensive green car projects at Ford Motor, Nissan and Tesla Motors; a $485 million loan to an expensive solar project that’s lost $160 million over the last three years that’s backed by Google, BP and Chevron; plus the FFB is funding the teetering HOPE housing bailout program, which gives delinquent mortgage borrowers breaks on their loans.

And according to KPMG’s audit report of the bank, the FFB is losing billions of dollars in taxpayer money because it is forgoing collecting interest costs on already inexpensive loans that are financing projects at agencies like the Agriculture Dept.

What’s scary for taxpayers is this: The FFB can borrow unlimited amounts of taxpayer money from the Treasury for these kinds of political pet projects. Under the 1973 “FFB Act, the bank may, with the approval of the Secretary, borrow without limit from the Treasury,” says the bank’s audited statements from 







No comments:

Post a Comment