Despite massive government stimulus, Solyndra is closing its doors.
"Solyndra, a California business which manufactures solar panels, has shuttered and is filing for chapter 11 bankruptcy. This comes just over a year after the company was touted by the President as an example of public-private partnership and the bright future of green energy.
Solyndra received over half a billion in loans from the Treasury at extremely low interest rates, allowing it to build a new manufacturing facility. Congressional investigators have caught a whiff of scandal as the rates given the company were extremely low and neither Treasury or OMB will provide documents to justify them. We’ll get to that part of the story in a moment, first here is President Obama visiting Solyndra last year."
This is hope or change?
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