FIRST AIRED: May 23, 2017

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00:00:00
investors suffering through a ninety percent plunge insurance on everything over the past twelve months don't have a lot to look forward to the solar and wind energy company once a Darling of the hedge fund world announcing Friday the departure of chief financial officer Brian will be lost I'm currently getting new Yorkers departure follows two weeks of mostly negative news earlier this week bankers reluctant to lend an Edison any money forced the company to abandon a two point two billion dollar acquisition of a solar panel installer and that comes after last week when the company announced it would delay announcing or revealing its two thousand and fifteen financial statement signing accounting irregularities for an internal probe , sun Edison's problems began last year and have only gotten worse as oil prices plummeted to twelve year low there freak lawmaking renewable energy less attractive to homeowners and businesses leading to a lot of idle equipment but unlike competitors then anything made matters worse by racking up billions of dollars in debt to go on a buying spree now is either have the money to pay it back it's selling off assets and losing a steady stream of income parking investors even more Wall Street now waiting to see if the company gets bought goes bankrupt and one of the most spectacular fall from grace an inspector , that's only beginning