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Akkula

Solyndra II?

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Guys, I know that when Obama gave a $535 million loan to Solyndra that was the biggest scandal ever.  I just wanted put this on your radar so you could start freaking out that Trump just gave Kodak $765 million dollar loan to produce generic chemicals.

I am curious how the already-been-bankrupt Kodak got this blessing bestowed on them which tripled their stock price?

Which terms best describe this that you previously used to describe Solyndra?

  • Socialism?
  • Communism?
  • Crony Capitalism?
  • Corporatism?
  • Corruption?
  • Government Picking Winners and Loser?

https://www.washingtonpost.com/business/2020/07/28/kodak-produce-pharmaceutical-ingredients/?hpid=hp_business-1_kodak-6pm-1%3Ahomepage%2Fstory-ans#comments-wrapper

When Obama did stuff like this it was front page SCANDALOUS.  It is like on page 5 with the current shit show we have in the white house.

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It's crony capitalism and government picking winners and losers. Really the government shouldn't be giving loans. It's interfering in the market, and it props up bad business models.

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Something seems Fishy......follow the money.....19X your investment is pretty good.  Who are these shareholders?  SEC needs to look into this during the next administration.....

Kodak surges 1,900% in 2 days after securing a $765 million government loan to make drug ingredients

https://markets.businessinsider.com/news/stocks/kodak-stock-price-surges-765-million-government-drug-loan-2020-7-1029444079#

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Eastman Kodak Executive Got Trump Deal Windfall on 'Understanding'

https://www.voanews.com/economy-business/eastman-kodak-executive-got-trump-deal-windfall-understanding

Wow, this thing really stinks...this is a particularly interesting part:

"Prior to this week's financing deal, the company warned investors it was at risk of not continuing as a going concern, but it was boosted by the agreement with the Trump administration on Tuesday to supply drug ingredients."

That is a particularly good way to make a lot of money.  Take a penny stock that is in danger of completely folding and give it a 1500% boost in two days by making the company too big to fail.  

It looks like Warren is now asking for an investigation too:  https://www.bloomberg.com/news/articles/2020-08-04/warren-seeks-sec-insider-trading-probe-after-kodak-shares-surge

This doesn't look good when you are making the unemployed beg for spare change.  Mark my words...this is fishy and I bet there was some crime or corruption here...

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