Thursday, September 01, 2011
Solyndra solar company fails…
Joe Stephens and Carol D. Leonnig ― Washington Post

...after getting controversial federal loan guarantees

A company that served as a showcase for the Obama administration’s effort to create jobs in clean technology shut down Wednesday, leaving 1,100 people out of work and taxpayers obligated for $535 million in federal loans.

Solyndra, a California solar panel maker, had long been an administration favorite. Over the past two years, President Obama and Energy Secretary Steven Chu each had made congratulatory visits to the company’s Silicon Valley headquarters.

Sammy 11:02 AM | (1) Comments | Email this post | Permalink
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