Warnings ignored in Solyndra loan
- Post 03 August 2012
- By Copy Editor
WASHINGTON (AP) -- Republicans investigating the government's investment in a bankrupt solar panel manufacturer have concluded that the Obama administration ignored numerous red flags about the company's financial viability, leaving taxpayers on the hook for more than $500 million.
For months, Republican lawmakers have made the government's loan to California-based Solyndra Inc. the centerpiece of their criticisms of President Barack Obama's $787 billion economic stimulus package. The release of the report Thursday by the House Energy and Commerce Committee gave them another opportunity to reinforce that message. ...continues...
"Question all which is 'taught,' dig deeper, think clearly, respond profusely. Conformity is the antithesis of free thought and self-determination." -- Standard Pearls