Sounds like another Enron deal.....

On Mon, Oct 3, 2016 at 8:30 PM, MJ <[email protected]> wrote:

>
> October 2, 2016
>
> *Is Abengoa The 2016 October Surprise? *Charles Burris
>
> Most persons in the US have never heard of the Spanish renewable energy
> and engineering giant Abengoa.
> <http://elpais.com/elpais/2015/11/26/inenglish/1448550150_453924.html>
> That’s exactly how the DC cronyists
> <http://dailycaller.com/2014/04/14/abengoa-obamas-green-energy-projects-fail-even-when-they-are-successful/>
> and mainstream media like it. But the Abengoa
> <https://www.theguardian.com/business/2015/dec/14/spain-energy-giant-abengoa-collapse-predicted-by-17-year-old>
>  bankruptcy
> scandal
> <https://www.theguardian.com/business/2015/dec/14/spain-energy-giant-abengoa-collapse-predicted-by-17-year-old>
> may erupt to be the October Surprise of 2016
> <http://greencorruption.blogspot.com/>. It’s 100X as large as Solyndra
> <https://en.wikipedia.org/wiki/Solyndra>. Abengoa was the for profit arm
> of the Clinton Climate agenda
> <http://www.openthebooks.com/breitbart_ex-im_bank_crucial_to_clinton_crony_capitalism_faces_closure/>.
> Check out t he major players from the Rockefeller Foundation, MacArthur
> Foundation, The Brookings Institute, HUD, Fannie Mae, NSA, CIA veterans,
> etc.
> <http://www.bloomberg.com/research/stocks/people/relationship.asp?personId=4882678&ticker=ABG:SM&previousCapId=0&previousTitle=ClimateWorks%20Foundation>
> They were bankrupt in 2009 but hid it for 7 years playing games and looting
> banks and shareholders since. No more games
> <http://www.business-standard.com/article/pti-stories/spain-s-abengoa-posts-3-7-bn-euro-first-half-loss-116100100073_1.html>
> .
>
> The world player in solar and wind power, biofuels and water management
> announced last year that it was filing for preliminary protection from
> creditors following years of frenzied, unsustainable expansion worldwide.
> It has launched a recovery plan that includes the sale of biofuels assets
> and other non-strategic holdings, as well as job cuts ­ it has already shed
> at least 11,000 jobs since the end of last year ­ and finalised a debt
> restructuring deal in August. The group now has until October 25 for
> creditors and investors to sign off on the deal, which would see it receive
> a cash injection of 650 million euros on top of loans already granted to
> the company. Abengoa’s billions-strong debt has affected many of its
> projects around the world, which it has either been unable to keep
> constructing or operating.
>
> US Taxpayer losses? Tens of billions. Let’s see what Trump makes of this
> in the next debate.
>
> HT to Steve Smith
>
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