Quote:
Originally Posted by sperbonzo
Solyndra was just the appetizer. Earlier today, in what will come as a surprise only to members of the administration, the company which proudly held the rights to the world's largest solar power project, the hilariously named Solar Trust of America ("STA"), filed for bankruptcy.
... last April STA was the proud recipient of a $2.1 billion conditional loan from the Department of Energy, incidentally the second largest loan ever handed out by the DOE
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So this time the administration wasn't told that the company was going bankrupt before they gave the donors, er I mean corporate officers, our money to walk away with? The administration most certainly wasn't surprised by Solyndra - they were told over and over that Solyndra couldn't survive, that giving them your money only meant that the big wigs at Solyndra could walk away with our cash when they shut it down.
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