Another Solar Company That President Obama Gave Billions In Taxpayer Dollars Is Declared Bankrupt

Bad Barack Investments

Obama: okay, so maybe they didn't work

Solar Trust for America has been declared bankrupt by the Obama Administration, after the president gave the company $2.1 billion dollars in taxpayer money. Solar Trust for America is another of President Obama's green Company projects that has gone belly up.

The Judiciary Report has consistently warned against such initiatives, as the nation is currently not on solid financial footing. Amazingly, President Obama is not off these green companies and giving them large amounts of taxpayer money, though several of them have hit bankruptcy.

This is very unwise. This taxpayer money could be better used to create jobs in industries that are proven winners and moneymakers. It is a grievous mistake to keep pumping taxpayer funds into entities that keep failing. It is the definition of financial insanity.

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Basketball Wives Star Evelyn Lozada Not Out Of The Woods In Former Fiancé's Completed Bankruptcy

Evelyn Lozada

According to TMZ, former NBA basketball player, Antoine Walker, who played for the Miami Heat, is off the hook in his $120,000,000 bankruptcy case in Florida. However, his former fiancée, beautiful "Basketball Wives" reality star and trouble starter, Evelyn Lozada, is still on the hook for $500,000 big ones.

Antoine Walker and Evelyn Lozada

It appears, the bankruptcy court trustee is still insisting Walker gave high maintenance Lozada $500,000, which could have been used to pay his priority creditors, rather than being used by his then fiancée to open a shoe store in Coconut Grove, Florida, called Dulce. Lozada maintains she sold her engagement ring for $50,000 and used the funds to open her shoe store. However, the trustee still isn't buying it. Stay tuned...

Evelyn Lozada and current fiancée Chad Johnson

Side Bar: Evelyn, why don't you do what you usually do, tell the trustee she is "a non-mother-f***ing factor" and wait for her to punch you in the face (secretly laughing). I'm kidding.

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Does Antoine Walker Want Evelyn Lozada Back

Evelyn Lozada

Does former NBA player, Antoine Walker, want his ex-fiancée, Evelyn Lozada back. She is currently engaged to multi-millionaire Chad "Ochocinco" Johnson and stars on the reality show "Basketball Wives." Walker gave Lozada her break and a mansion to live in with her daughter, when she had nothing. He was clearly attracted to her (though he probably wanted to duct tape her mouth shut).

Antoine Walker and Evelyn Lozada

Now that she is making money and has a name of her own, albeit a scandalous one, does he want her back (especially since he is facing bankruptcy). She helped him spend his money when he made $110,000,000 playing basketball for the Miami Heat. Does he want to return the favor.

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Whitney Houston

After selling more records than any female singer in music history, Whitney Houston, the most vocally gifted American singer of the past 30 years, is reportedly broke and requesting financial assistance from others in her circle. Her most recent CDs were released to lukewarm sales, especially in comparison to the units she used to shift. At one time her fortune was estimated at $250,000,000 from record sales, touring, merchandising deals, movie roles and production credits.

Whitney Houston

Years of costly drug and alcohol abuse, lavish living and financial mismanagement, resulted in her fortune dwindling. Houston sold properties she owned at prices below market value and divorced singer, Bobby Brown. Houston did sign a new record deal with Arista, but due to moderate sales, expensive recordings, promotional plans and marketing campaigns, she made far less than was reported, due to issues dealing with costs being recouped.

The Obama Administration Lost Billions In Taxpayer Money On More Green Companies That Failed (Video)

Green Doesn't Often Mean Green, As In Money

Obama, who has been signing the money away for three years, is a bad investor

Many believed the solar company, Solyndra, whose failure cost the American taxpayer $500,000,000, was the only failure in the sector that President Obama gave the nation's money to, but there's more. A CBS News report indicates the Obama Administration spent many billions of dollars in taxpayer money on other green initiatives that have failed.

The report states 80% of the U.S. Department of Energy's $20,500,000,000 budget, comprised of taxpayer money, went to President Obama's donors, on companies that failed and are in bankruptcy or facing it right now. Going green is good, but the government handled it the wrong way and for political reasons, in deeds that have now cost the U.S. taxpayers a significant amount of money added to the national debt.

These companies were green in another way, as in unproven and risky. For years the Judiciary Report warned in articles that Obama should avoid untried and unnecessary spending and even named green and solar initiatives in that category, as it would be a hindrance in getting the nation out of the financial crisis.

And though over 20 divisions of the U.S. government have been reading this website for years, including the White House, they did it anyway and ran head on into this calamity they were warned by this website would happen. It's amazing how some heads of state sign away the people's money said leaders could not earn or repay in their lifetimes. It is careless, reckless and arrogant.

Side Bar: Jesus Himself could have come down from heaven in 2008 and told Obama do not spend the people's money on these green companies, as it will put the nation further in debt to no good results and the first thing out of Obama's mouth would have been, "But they are my campaign donors..."

These corrupt campaign donors and those in Hollywood did not put Obama in office, the American people did in big numbers, but these rich and famous folks using the President are going to get him thrown out of office with their foolishness the nation is witnessing unfold online.

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CBS News: Obama’s 11 More Solyndras

In the wake of Peter Schweizer’s explosive revelation that 80 percent of the Department of Energy’s $20.5 billion in green energy loans went to President Barack Obama’s fundraisers and donors, CBS News is now reporting that the Obama Administration spent billions of taxpayer dollars on 11 more Solyndra-style loans to so-called green energy companies that have since gone bankrupt or are facing serious financial difficulty...

http://biggovernment.com

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Barack Obama

Add this to the billions more in stimulus funds that did not stimulate the U.S. economy, such as Obama personally giving solar company Solyndra $500,000,000 in U.S. taxpayer funds, only for the company to go bankrupt shortly after and it becomes evident the president is not good with money or astute at making wise financial investments. America needs a president that understands business and trade and how to generate jobs and revenues.

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Evelyn Lozada Sued By The State In Antoine Walker's $110,000,000 Bankruptcy Case

Evelyn Lozada

"Basketball Wives" reality star, Evelyn Lozada, has been sued by the South Florida Bankruptcy Court, for the money she received from her ex-boyfriend, former Miami Heat athlete, Antoine Walker, who had signed a $110,000,000 contract, but lost most of his money to luxury living and bad investments.

Evelyn Lozada at Dulce

The couple lived in a custom built Coconut Grove mansion in Miami for years, which has lingered on the real estate market for well over a year without any takers. The home is too big and overpriced for that section of the Grove, as surrounding properties shown online are much smaller.

Evelyn Lozada and Chad "Ochocinco" Johnson

During their relationship, Walker gave Lozada $560,000 to start the shoe store Dulce in the Miracle Mile section of Coral Gables. According to the federal court bankruptcy trustee, Lozada should not have been given the money, as Walker has creditors that are a greater priority.

Antoine Walker and Evelyn Lozada

As such, the trustee is suing Lozada to retrieve the money, plus court costs and interest. While she has made a few hundred thousand dollars on "Basketball Wives" and from public appearances, losing $560,000 plus legal fees and interest, will put a massive dent in her finances. Lozda's fiancé, football player, Chad "Ochocinco" Johnson is a millionaire, but may become concerned and not risk his cash, after witnessing the financial fall of Walker.

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'Basketball Wives' Star Sued for Helping Blow NBA Star's Fortune

Evelyn Lozada -- one of the stars of "Basketball Wives" who was once engaged to former NBA All-Star Antoine Walker -- is being sued for allegedly receiving hundreds of thousands of dollars illegally. The story is shocking. Walker raked in a whopping $110 million during his NBA career, in addition to untold millions in endorsements and other deals ... and he blew ALL OF IT and a lot more.

Walker filed for bankruptcy last year, and now the bankruptcy trustee smells a rat. It seems Walker gave Lozada $560,000 when he already knew he was going belly up. The trustee has sued Lozada, claiming the transfer was fraudulent -- an attempt to hide money from legitimate creditors. The trustee says Lozada used the money to start a Miami shoe store called Dulce, and now the trustee wants the $560k back.

http://www.tmz.com

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