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Why finance wind?  

Credit:  Bangor Daily News, www.bangordailynews.com 9 December 2010 ~~

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?

Francis Sinclaire


Source:  Bangor Daily News, www.bangordailynews.com 9 December 2010

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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