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Current Events => Politics => Topic started by: Chris_ on October 11, 2012, 04:36:11 PM

Title: Bankrupt solar firm, DOE facing scrutiny over panel problems
Post by: Chris_ on October 11, 2012, 04:36:11 PM
Quote
Bankrupt solar firm, DOE facing scrutiny over panel problems

House Republicans are pressing the Obama administration for more information about a solar-panel company that received a $400 million loan guarantee, then went bankrupt and is now the focus of a criminal investigation.

The committee pursuing documents on Colorado-based Abound Solar is the same that investigated the half-billion taxpayer loan to Solyndra, whose bankruptcy rocked the Obama administration. Two more Department of Energy-backed companies have since filed for bankruptcy, with Abound Solar being the latest.

Lawmakers are now questioning whether the administration might have known about serious problems with the company's solar panels before it was guaranteed the loan in December 2010 under the stimulus program.
Fox News (http://www.foxnews.com/politics/2012/10/11/another-bankrupt-solar-firm-facing-scrutiny-from-lawmakers-investigators/#ixzz291rMnuvd)

Picking winners and losers....
Title: Re: Bankrupt solar firm, DOE facing scrutiny over panel problems
Post by: thundley4 on October 11, 2012, 04:37:39 PM
Fox News (http://www.foxnews.com/politics/2012/10/11/another-bankrupt-solar-firm-facing-scrutiny-from-lawmakers-investigators/#ixzz291rMnuvd)

Picking winners and losers....

FIFY
Title: Re: Bankrupt solar firm, DOE facing scrutiny over panel problems
Post by: Wineslob on October 11, 2012, 05:21:09 PM
Quote
Lawmakers are now questioning whether the administration might have known about serious problems with the company's solar panels before it was guaranteed the loan in December 2010 under the stimulus program.


What, trying to SELL them?   :hammer: