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Must-Read From ABC: ‘Green Firms Get Fed Cash, Give Execs Bonuses, Fail’

Posted on 06 March 2012. Tags: Abc News, Act Projects, Bankruptcy Records, Battery Systems, Beacon Power Corp, Center For Public Integrity, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Ener1, Energy Financing, Energy Loan, Energy Storage, Financing Program, Green Energy, Joe Biden, Lithium Ion Battery, Loan Guarantee, President Joe, Securities And Exchange Commission, Storage Company

ABC News has a must-read story today on the results of the Obama administration’s green energy financing program, titled, “Green Firms Get Fed Cash, Give Execs Bonuses, Fail.” ABC reports, “President Obama’s Department of Energy helped finance several green energy companies that later fell into bankruptcy — but not before the firms doled out [...]

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Wash. Post: “Solyndra Violated Loan Terms But Got More Fed. Money, DOE confirms”; But DOE Still Giving Even More Taxpayer Money To Solar Projects

Posted on 29 September 2011. Tags: Congressional Investigators, Energy Department Spokesman, Federal Loan, Federal Money, Federal Officials, Fremont California, Lavera, Loan Deal, Loan Guarantee, Loan Terms, Panel Manufacturer, Silicon Valley, Silicon Valley Area, Solar Company, Solar Panel, Solar Projects, Solyndra, Taxpayer Funds, Taxpayer Money, Washington Post

The amazing stories about failed solar panel manufacturer Solyndra and the loan program through which the Obama administration granted the company a $535 million loan guarantee with taxpayer money continue unabated this week. The Washington Post reported last night, “The U.S. Department of Energy learned in December that Solyndra was violating its federal loan [...]

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More WH Emails Reveal Solyndra Warning Signs Ignored; McConnell: “And They Want Another Stimulus?”

Posted on 16 September 2011. Tags: California Company, Dollar Loan, E Mail, Energy Department, Energy Secretary, Federal Loan, Federal Watchdogs, Imminent Failure, Internal Administration, Loan Guarantee, Mail Traffic, Multibillion Dollar, Obama, Panel Manufacturer, Rapid Infusion, Solar Panel, Solyndra Inc, Taxpayer Support, Warning Signs, Washington Post

Even more troubling revelations about the Obama administration’s loan of $535 million in stimulus money to bankrupt solar panel maker Solyndra are being reported today. The Washington Post reports, “A White House official fretted privately that the Obama administration could suffer serious political damage if it gave additional taxpayer support to the beleaguered solar-panel [...]

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