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Obama Says he Has No Regrets on Wasting $535M on Failed Solar Startup Obama Says he Has No Regrets on Wasting $535M on Failed Solar Startup
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Obama Says he Has No Regrets on Wasting $535M on Failed Solar Startup
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Old 4th October 2011, 13:35   #1
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Default 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
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