“No science is immune to the infection of politics and the corruption of power … “ —Jacob Bronowski
Solyndra is a California-based “green energy” company that sought more than $500 Million is loan guarantees from the Department of Energy and has now filed for bankruptcy protection.
Solyndra first sought consideration for the loan guarantee program (a that began under the Bush administration) during the last days of the GWB administration. They were denied. The Obama administration subsequently expanded the loan guarantee program via the stimulus and approved a half billion loan.
So now that Solyndra has sought bankruptcy protection, some private investors are lining up to get repaid even before the U.S. Taxpayers. the FBI’s criminal investigation is now seeking to know whether Solyndra execs knowingly and purposely misled DOE to obtain loan guarantees.