Comment Re:Long story short... (Score 1) 158
I'm willing to believe the premise of the article after the subprime crisis and having seen these sales people in Costco and Home Depot for years.
but the "long story" of the article in the end shows that the main illustrating example is basically a lie
Hernandez’s son answered the door and told the salesman that the family already had 68 non-working panels on the roof and that they were in the process of suing the installer...
uhh... why aren't their panels working? that had nothing to do with securitization and Wall Street. thousands (?) of words earlier they'd said in passing that Hernandez was still paying the same $500 a month for power, not the $50 he was promised... but didn't explain why and implied it was because he was somehow misled about capacity or something. Then at the end of the article they drop the bomb that it's just broken (somehow)
So it sounds like this guy's finances would have worked out exactly as promised except there's something wrong with the install.
it is not a valid illustration of the problem the article is about.
If this problem is so widespread couldn't they find a better, not intersectional, poster child?
(my beef here is more about crappy "post truth" advocacy journalism than already securitized solar companies which can all go bankrupt for all I care)