House Republicans Probe $528M loan to bankrupt solar company

Thursday, September 15, 2011
KEVIN FREKING, Yahoo! News
Submitted by: T. Hawkins

Solyndra Inc., a solar panel manufacturing company once cited by Obama White House as "worthy" of federal stimulus investment is now, after having gone bankrupt, at the heart of a bad loan scandal.

[Associated Press] The collapse of the Fremont, Calif.-based company once touted by President Barack Obama that ultimately left taxpayers on the hook for $528 million has caused House Republicans to question if the loan was rushed to accommodate a company event in September 2009 that featured Vice President Joe Biden.

Rightly so.

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Posted by Editor on 09/15/11 at 09:04 AM • (0) Comments

Tags: white house, obama,