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.
Solyndra CEO Brian Harrison and CFO Brian Stover invoked the Fifth Amendment more than 20 times.
Big Green and the Obamaninnies are hoping to portray this spectacular failure as just an isolated incident, though it is anything but. Politicians on the Left continue to push the Big Green agenda, and even as investigations are pursued in the Solyndra affair, no less than 15 similar fundings are being fast-tracked by the administration.
It's hog heaven for scammers.
You may have heard of SolarCity, as they've been offering "free" rooftop panel einstallations in Oregon for a few months. Don't look to hear from them again:
SolarCity Corp.’s loan guarantee may have been undone by the bankruptcy of Solyndra LLC.
SolarCity, a Foster City, California-based developer of residential rooftop solar systems, said yesterday that the U.S. Energy Department won’t complete the $275 million conditional guarantee that was offered a day after Solyndra sought protection from creditors.
