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 | President Solyndra Posted by William Dwyer on 9/24, 5:41pm | |
| The spectacular collapse of Solyndra has all of the trappings of an epic Washington scandal, with serial revelations of embarrassing and potentially improper White House machinations to secure a $535 million federal loan guarantee for a startup company with dubious prospects of success. The sudden bankruptcy of the Fremont, California manufacturer of solar panels—after it was feted as a model creator of “green jobs” by President Obama and Vice President Biden—has already featured FBI raids, contentious congressional hearings, and demands for a special prosecutor to investigate. The plot thickened further last week when Solyndra’s two top executives, who made 20 trips to the White House while their loan application was under consideration, invoked the Fifth Amendment rather than answer questions from the House Energy and Commerce Committee. (Read more . . .) | ||
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