Obama’s Solyndra Problem
“President Barack Obama’s 2009 economic-stimulus package provided funds for loan guarantees to five U.S. solar manufacturers. Two have filed for bankruptcy, including Solyndra, the California maker that borrowed more than $500 million from the federal government. Of the others, two are still developing their technology and haven’t drawn any loans, and one has put a factory on hold. A separate pool of loan guarantees to support large solar-power plants is on firmer financial ground.” (Ryan Tracy And Cassandra Sweet, “Sun Peeks Through In Solar”, The Wall Street Journal, 9/9/12)
