Abound Solar of Longmont, Colorado recently announced the laying off of 70% of it’s workforce and delayed/cancelled plans for a new plant in Indiana. Just like the Solyndra Solar Panel company failure and other green energy schemes designed to be Democratic donor pocket-stuffers, Abound received hundreds of millions of dollars in Steven Chu-approved DOE green energy [...]
Tag: "DOE loans"
If you aren’t furious, you aren’t paying attention. In case you’ve missed it, your money has been the fodder for some of the most poorly vetted investments ever, and not by Wall Street or the banking industry. Thanks in part to this article by Doug Stewart ( @dmatthewstewart on Twitter) and further conversation on the [...]
The $535 (or $528) million Loan Obama administration officials defended a $528 million loan to Solyndra, but stated that federal investment in alternative energy must continue. [emphasis mine] The Obama administration stood by Solyndra, through auditors warned to not risk an initial public offering and a refinancing where taxpayers were behind new investors. A day before [...]