Article

2013-11-25 Economy

Energy loses $139M on loan to electric car maker

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Posted by Fred 2013-11-25 00:00|| || Front Page|| [2 views ] Top

#1 The USG loaned Fisker $192. million. The USG recovered $28. million, which leaves an unpaid balance of $164. million.

The USG sold the loan to Chinaman Dick Li, and still lost $139. million. Does this mean Mr. Li bought a discounted $164. million note for $25. million dollars ?

Do I smell something rotten here, or is my math simply bad? What am I missing ?

Posted by Besoeker 2013-11-25 00:24|| 2013-11-25 00:24|| Front Page Top

#2 Do I smell something rotten here, or is my math simply bad? What am I missing ?

You're missing $164 million in printed Obama bucks, from his "stash";

Posted by badanov 2013-11-25 01:29|| http://www.chriscovert.net 2013-11-25 01:29|| Front Page Top

#3 Used to be the job of the Federal Reserve Board chairman was to "take the punch bowl away just as the party is getting good".

Now it's to spike the punch bowl!

Posted by badanov 2013-11-25 01:30|| http://www.chriscovert.net 2013-11-25 01:30|| Front Page Top

#4 Money is fungible. How much of that ended up in PAC and reelection funding?

Posted by Procopius2k 2013-11-25 07:59|| 2013-11-25 07:59|| Front Page Top

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