From $10 Billion to Worthless in 8 Months: Solar Hype Financial Engineering at Its Finest | MishTalk
. . . once the blue model finally seizes.
Between pensions, and debts the states have plenty of problems, but throw in huge payouts for alternative energy schemes, and it is difficult to chart a path to fiscal sanity for many. SunEdison may be ahead of the game, but as the states are forced to cut subsidies, and stop paying solar generators above wholesale rates for alternative energy, alternative energy companies will be increasingly forced to seek bankruptcy protection. These businesses have never had a day of real competition since inception. Without subsidies they will find it nearly impossible to find a way to profits.
Like Mish, I was also surprised, the Obama administration did not have more finger prints on the money flow over at SunEdison.