“Solyndra Is The Third U.S. Solar Manufacturer To File For Bankruptcy In A Month As Falling PanelPrices And Weak Global Demand Is Driving A Wave Of Industry Consolidation.”
(Ehren Goossens, “Solyndra,
Maker Of Sola
r Modules, To File For Bankruptcy, Cut 1,100 Jobs,”
Solyndra’s President And CEO Brian Harrison: “Regula
tory And Policy Uncertainties In Recent Months Created Significant Near-
Term Excess Supply And Price Erosion.”
(Ehren Goossens, “Solyndra, Maker Of SolarModules, To File For Bankruptcy, Cut 1,100 Jobs,”
TAXPAYERS MAY BE ON THE HOOK FOR OBAMA’S POLITICAL CATASTROPHE
“The Company [Solyndra], Received $535 Million In Taxpayer Money From The U.S. Department
Energy And $1.1 Billion In Private Venture Capital Funding.”
“Fremont Solar Tech Firm Solyndra To Shut Down, Lay Off 1,100 Workers,”
Taxpayers May Be Left “On The Hook” For The Federal Loans Received By Solyndra.
Taxpayers might be on the hook for the full amount of the loan if Solyndra is unable to repay, experts in the stimulus and loanguarantee program said Wednesday. The Energy Department could seek repayment in court, but receiving
more than a nominal amount is unlikely because of the company’s lack of cash and assets.”
(Joe Stephens & Carol D.
Leonnig, “Solyndra Solar Company Fails After Getting Controversial Federal Loan Guarantees,”
Administration Bypassed Steps To Protect Taxpayers.
“The Obama administration bypassed
steps meant to protect taxpayers as it hurried to approve an energy loan guarantee to a politically-
connected California solar power startup…”
(Ronnie Greene And Matthew Mosk, “Was White H
ouse In Hurry To Spur Green Jobs
Or Favor Firm Backed By Fundraiser,”