Bill Flores Who Speaks Against Government Bailouts, Received Sweet Deal through BankruptcySomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 
Taxpayers on Hook for 7.5 million bucks

Bill Flores Who Speaks Against Government Bailouts, Received Sweet Deal through Bankruptcy
 


9 October 2010 at 1:26:01 PM
salon

via the Dallas Morning News

Remember how Bill Flores said he was against corporate welfare. But then, ooops. Chet "Earmark King" Edwards, who is favor of corporate welfare for Comanche Peak, called him out over it, and Bill Flores changed his tune?

The Dallas Morning News has found that when Flores declared bankruptcy some years back, he cut a deal that allowed the taxpayer to get stuck with making up for his losses. I guess he's not against bailouts when it comes to his own. At least he didn't argue wih the deal that would allow him to not have to pay back the full amount he owed.

Flores has spoken about the bankruptcy previously, but mostly in the context of describing how he and other company officials rescued the firm and made it profitable again.

In a promotional video for a GOP website, he said: "Everybody that participated in the process got all their money back, and with interest. It was neat to see how things can work if you really pull together."

Thursday, he called that statement "95 percent accurate," saying that if the federal government had gone along with us ... it could have been 100 percent."


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Thursday, December 05, 2019






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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








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