SOLYNDRA -- "GOING CONCERN" DOUBT WAS KNOWN

NOTE TO MY EDITOR FRIENDS IN A SISTER TRIBUNE PAPER TODAY


I've just read The DP piece on Solyndra from Tribune's Washington Bureau. With all due respect, I find it says nothing to inform readers of anything new or anything that is definitive. No analytical assessment of viability of Solyndra...... a necessary piece of information to invest money from any source. The operative issue of a "going concern" opinion from auditors is, again, ignored.

Also while the article in the link below has meaningful information re "going concern," a lawyer makes a compelling argument against viability using "burn rate" and other financials, even though he doesn't use the information very well. Using the numbers in the article suggests that Solyndra would have been declared nonviable by any objective analyst.This is a mess..............but more importantly, it may be an indicator of more boondoggles. Never did I think that, in my lifetime, I'd see people with so little talent running the nation. The politics of resolving philosophical differences must now be subordinated to trying to overcome gross incompetence. 
I offer my assessment with no apology.
Thanks to Randy M for the link


Comments

  1. Randy McC26 September, 2011

    Good one Joe. A concise and to the point rebuttal.

    There is no one in charge of the Asylum!! The patients are running the place!!

    I always was of the mind that the Office of the President was bigger than the man but now we find that the Office of the President has shrunk to fit.

    ReplyDelete

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