SFGTV2: San Francisco Government Television
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Sep 13, 2011
09/11
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the severed his third district is responsible for a business loan portfolio of 12,000 loans worth $4.2 billion. in 2009, the sba approved $500 million in lending. next, we have the executive director of the san francisco small business office. she was in san francisco in 1986 to open the buffalo exchange limited store, and in the 13 years she worked for buffalo exchange, tennis district manager, she held her open the company from four to 11 stores. in 2009, the mayor appointed her as executive director to the office of small businesses. next, we have the ceo of opportunity funds. he has combined his background as a community organizer with an education from stanford to develop an innovative, not-for- profit financial incision that uses market principles to affect systemic change. it operates one of the nation's largest individual development, programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit unio
the severed his third district is responsible for a business loan portfolio of 12,000 loans worth $4.2 billion. in 2009, the sba approved $500 million in lending. next, we have the executive director of the san francisco small business office. she was in san francisco in 1986 to open the buffalo exchange limited store, and in the 13 years she worked for buffalo exchange, tennis district manager, she held her open the company from four to 11 stores. in 2009, the mayor appointed her as executive...
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out of a portfolio of loans and guarantees that the department of energy has made any venture firm would be lucky to have a loss and the rest winner autos taxpayers are stuck with a failed business with no guarantee that a buyer can be found. >> and abc 7's political analyst calls this a black eye for the obama administration. and already facing an investigation for making that big bailout loan to the company. >> this has not only immediate embarrassment but it could be dragged out and there could be revelations of influence further a problem for the obama administration going forward into the election. >> as for the administration reaction, the energy department on the blog writes, quote, we've recognized not everyone of the companies support bid our loans could succeed. we can't stop investing in game-changing technologies key to leadership. and we're disappointed by outcome, we continue to believe the jobs rates is one america can, must and will win. and they're the third solar manufacturer to file for bankruptcy this month. >> and late today, federal prosecutors decided to drop three lingering perjury charges against home run king barry bonds. the jury had deadlocked on char
out of a portfolio of loans and guarantees that the department of energy has made any venture firm would be lucky to have a loss and the rest winner autos taxpayers are stuck with a failed business with no guarantee that a buyer can be found. >> and abc 7's political analyst calls this a black eye for the obama administration. and already facing an investigation for making that big bailout loan to the company. >> this has not only immediate embarrassment but it could be dragged out...
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Sep 15, 2011
09/11
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business. >> the whole purpose of this program, which has a broad portfolio of many companies that are -- that are doing well, was to invest in cutting-edge technologies, with some government assistance, with some government loanuarantees, would help us establish a beachhead in the vital industries that will allow america to compete in the future. there are no guarantees in the business world about success and failure. that is just the way business works and everyone recognizes that. >> congressman tim murphy was it will congressional hearing and we'll talk with him in a moment. here's congressman murphy today an exchange with the executive director of the energy department's loan program's office. >> we talked -- this staff talked with the company on a regular basis. >> i really want you to stop throwing everybody else under the bus 'i hear you throwing all your stuff under the bus. i want to know. you're in charge. you've handled loans of this size and now you're saying it's everybody's else's fault except you and you're in charge. tell me what you did, you're the one in charge, with half a billion of taxpayer's money saying, it's all my staff's fault. i didn't know. i can't do anything about it. >> joining
business. >> the whole purpose of this program, which has a broad portfolio of many companies that are -- that are doing well, was to invest in cutting-edge technologies, with some government assistance, with some government loanuarantees, would help us establish a beachhead in the vital industries that will allow america to compete in the future. there are no guarantees in the business world about success and failure. that is just the way business works and everyone recognizes that....
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Sep 15, 2011
09/11
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business. >> the whole purpose of this program, which has a broad portfolio of many companies that are -- that are doing well, was to invest in cutting-edge technologies, with some government assistance, with some government loanantees, would help us establish a beachhead in the vital industries that will allow america to compete in the future. there are no guarantees in the business world about success and failure. that is just the way business works and everyone recognizes that. >> congressman tim murphy was at the congressional hearing and we'll talk with him in a moment. here's congressman murphy today in an exchange with the executive director of the energy department's loan program's office, johnathan silver. >> we talked -- this staff talked with the company on a regular basis. >> i really want you to stop throwing everybody else under the bus. i hear you throwing all your stuff under the bus. i want to know. you're in charge. you've handled loans of this size and now you're saying it's everybody's else's fault except you and you're in charge. tell me what you did, you're the one in charge, with half a billion of taxpayer's money now saying it's all my staff's fault. i didn't know. i can't do anything a
business. >> the whole purpose of this program, which has a broad portfolio of many companies that are -- that are doing well, was to invest in cutting-edge technologies, with some government assistance, with some government loanantees, would help us establish a beachhead in the vital industries that will allow america to compete in the future. there are no guarantees in the business world about success and failure. that is just the way business works and everyone recognizes that....
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Sep 18, 2011
09/11
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portfolio? >> thank you for the question. the loan guarantee program does not perceive itself to be in the business of picking winners and losers. the marketplace is the place to do that. as someone who has come directly from that, i support that. we do not look at projects that have not already garnered or will attract substantial private capital. private capital is one of the bedrock requirements for the issuance of a loan guarantee. the question is not really so much are we picking losers and winners. we invest across a diversified portfolio. we invest in the wind, solar, geothermal. it is the program of objective, mandate, to introduce a wide range of innovative technologies so that the marketplace can replicate them on their own. when the markets are in those areas, we exit. the real issue is how are we going to -- if we are not going to substantially -- significant participants in this, how will we build these american companies at all? china and the rest of the world are spending billions of dollars to build up these industries. >> you know, september 2, 2011 -- this program should be judged based on its entire portfolio
portfolio? >> thank you for the question. the loan guarantee program does not perceive itself to be in the business of picking winners and losers. the marketplace is the place to do that. as someone who has come directly from that, i support that. we do not look at projects that have not already garnered or will attract substantial private capital. private capital is one of the bedrock requirements for the issuance of a loan guarantee. the question is not really so much are we picking...
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Sep 15, 2011
09/11
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portfolio? >> thank you for the question. the loan guarantee program does not perceive itself to be in the business of picking winners and losers. the marketplace is the place to do that. as someone who has come directly from that, i support that. we do not look at projects that have not already garnered or will attract substantial private capital. private capital is one of the bedrock requirements for the issuance of a loan guarantee. the question is not really so much are we picking losers and winners. we invest across a diversified portfolio. we invest in the wind, solar, geothermal. it is the program of objective, mandate, to introduce a wide range of innovative technologies so that the marketplace can replicate them on their own. when the markets are in those areas, we exit. the real issue is how are we going to -- if we are not going to substantially -- significant participants in this, how will we build these american companies at all? china and the rest of the world are spending billions of dollars to build up these industries. >> you know, september 2, 2011 -- this program should be judged based on its entire portfolio
portfolio? >> thank you for the question. the loan guarantee program does not perceive itself to be in the business of picking winners and losers. the marketplace is the place to do that. as someone who has come directly from that, i support that. we do not look at projects that have not already garnered or will attract substantial private capital. private capital is one of the bedrock requirements for the issuance of a loan guarantee. the question is not really so much are we picking...