Flashback: Solyndra -- March 21, 2019, T+78, Part 1

Solyndra.

Ten years ago today, President Barack Obama gave the Solyndra solar panel company $535 million of Energy Department loan guarantees as part of his economic stimulus program, Sandra Smith reported on "America's Newsroom."

"The true engines of economic growth will always be companies like Solyndra," Obama said of the California company at the time.

Then-Energy Secretary Steven Chu also heralded the taxpayer funding for easy-to-install solar panels.

Looking back on the failed investment, Smith played video clips of Solyndra's early days, with Gov. Arnold Schwarzenegger (R-Calif.) breaking ground on part of the company's property.

Smith said that just days after the ensuing 2010 midterms, Solyndra filed for bankruptcy and finally went under in 2011, taking with it the half-billion taxpayer dollars and hundreds of jobs.

Two words: money laundering.

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Overheard At Starbucks This Morning

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Art Berman: besides not understanding tight oil, Art apparently doesn't understand free market capitalism; hasn't read the latest news on Exxon-$15-Permian; and may be unaware of the "illegality" of cartels in the US. Just saying.

First things first, a mash-up:

Pretty Woman, Elvis Presley, Roy Orbison
The market: best market ever for investors -- especially those in energy -- what's not to like? Let's count the reasons --

• the Fed is spooked; Jerome Powell throws in the towel on rate increases [later, Jim Cramer agrees; says Jay Powell made a "rookie mistake." LOL.
• Trump is in control: the only thing holding back the market, now that the Fed has quit raising rates (maybe one more) are the tariffs on Chinese trade -- and Trump alone will decide when
• the market is clearly climbing the wall of worry
• huge upgrade for AAPL today; shares jump almost $4.00; movers and shakers took advantage of recent AAPL sale, I'm sure
• jobs: unemployment claims fall more than expected; first time unemployment claims drop 9,000; link here. 

Intelligent animals: I see there's another article today about how smart animals are, an article on an anteater using a tool or something .. [later, right on cue, bears communicate like humans ... what a bunch of crap ....National Geographic also had a submerged Statue of Liberty due to rising oceans/global warming ---]....


Apparently a whole cottage industry ...