- 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...