Consider this: A couple of days ago, a real estate agent told me she had gainfully employed, credit-worthy clients ready to purchase homes in Bangor who could not do so because banks refused to issue mortgages. And yet I read recently that KeyBank – along with a German outfit – has agreed to give $98 million to First Wind, a company that, by all accounts, is over its head in debt, has never reported a dollar’s worth of profit, is beset by legal obstacles and whose stock is apparently so unattractive that the company has had to withdraw its public offering.
Is there an economist on your staff or among your readers who can explain that picture to the rest of us?
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