Obama Says he Has No Regrets on Wasting $535M on Failed Solar Startup President says high-risk loan was "felt like... a good bet" (This article contains editorial commentary, which is the opinion of the author.) President Barack Obama has endured scathing criticism in recent weeks for loaning $535M USD to failed solar startup Solyndra. The loan came as part of a $40B USD "green" technology stimulus effort. But on September 1, 2011 Solyndra filed Chapter 11 bankruptcy, leaving its 1,000+ employees looking for work and leaving the government staring at an un-recoupable loss. http://www.dailytech.com/Obama+Says+...ticle22915.htm |
All times are GMT +1. The time now is 02:19. |
Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO