$535 Million on Solyndra

Solyndra headquarters in Fremont, Calif. / APSolyndra headquarters in Fremont, Calif. / AP
Just two years after receiving $535 million from the stimulus, Solyndra filed for bankruptcy. The company was the first to receive a federal loan guarantee from the stimulus. Solyndra’s biggest investor, George Kaiser, was a bundler for the Obama campaign.

At least four other companies received stimulus money only to later file for bankruptcy, including Olsen’s Mills Acquisition Co., which received $10 million to increase employment, and Evergreen Solar Inc., which received $5.3 million to install 11,000 photovoltaic panels.

Sent from my SAMSUNG-SM-G920AZ using Tapatalk