The NY Green Bank claims its financial performance has leveled out, which is true, but only if you ignore lots of stuff and a Level Solar collapse.

I’ve been periodically checking on the status of the NY Green Bank, Governor Corruptocrat’s slush fund for rewarding politically correct and politically connected crony corporatists, most recently about a year ago. It was losing money at an increasing rate and I sarcastically opined there was obviously nothing to worry about. Notwithstanding my bad attitude, the NY Green Bank has done better since then, but that’s only if you don’t career about rates of return, ignore the infusion of additional ratepayer/taxpayer funds and pretend there are no impending defaults.

Back in January of last year I noted the big NY Green Bank investment in Vivent Solar (VSLR) by a fat cat CUOMO donor by the name of Jim Simons, father of Nat Simons. He’s the man behind Renaissance Technologies LLC, which just happened to  buy some 493,455 shares of Vivent immediately prior to the announce.... It turns out he got a nice temporary bump up in the stock price (probably as a result of the cash infusion) but the company is still languishing at sub-par stock prices

Read more:

http://naturalgasnow.org/ny-green-bank-levels-not-exactly-way-wanted/