Those of us who have been railing on the government's increasing push to make massive loan guarantees available to individual energy firms are not surprised to see the first major bankruptcy. Solyndra went down with $535 million in federal guarantees for lots of reasons. The marketplace is increasingly competitive. Power prices have fallen due to recession and fracking-induced reductions in the cost of natural gas. China subsidizes its solar production, artificially manipulates exchange rates, and there is a growing supply overhang as PV subsidies in Europe get cut. New technologies lo
The acrimony on increasing the debt ceiling is hitting a fevered pitch, and the likelihood of a technical default on US debt is unfortunately becoming a larger possibility each day. I wondered whether there was anything one could learn by looking at the personal financial filings of some of the people opposed to raising the ceiling and/or incorporating increased revenues in stabilizing the country. Does the way they run their portfolios match or conflict with what they are advocating at the national level? Are there direct or potential conflicts of interest?