(Mr. Sunshine) Warren Buffett goes solar

Despite being rocked by scandal and corruption industry-wide (see: George Kaiser: Oil Magnate and Crony Capitalist) billionaire Warren Buffett has decided to take a shot at the solar industry.

Warren Buffett's MidAmerican Energy Holdings utility has agreed to buy the $2 billion Topaz project in Southern California, thus, branching into solar power after the industry has been battered by poor stock market performance.

George Kaiser: Oil Magnate and Crony Capitalist

The George Kaiser Family Foundation in Tulsa, OK was the largest shareholder in the now-bankrupt solar [waste project] company, Solyndra.

Kaiser, a Harvard MBA, is just another one of those rich oil guys you read about who's latest billionaire brainstorm idea was to put his guilty [oil]  conscience to rest by putting taxpayers on the hook for his pet solar cause. He is famous for saying things like:


"There's never before been more money shoved out the government's door in world history ... And our selfish parochial goal is to get as much for Tulsa and Oklahoma as we possibly can."

Only when George Kaiser speaks of "Tulsa and Oklahoma" - he really means The George Kaiser Family Foundation and crony capitalism.