A close friend of mine works for Big AltEnergy. In fact, for one of the companies that have received bookoo diaper loads in loans from the DOE. Guess what? Their non-government borrowing interest rates have sky-rocketed due to the insecurity "secured" creditors feel being in an investment that Bog Brotha has an interest. This insecurity translates into a real cost. Hundreds of basis points.
Plus, their planned fab facility? Now 1.5 their original estimate due to demands that they use Union labor everywhere.
How bad was THIS decision?
TBTF...Too Broke to Fail.
Posted by: Crash N. Burn | November 04, 2009 at 09:36 AM