In May 2010 President Obama paid a visit to the California factory of a solar-energy firm known as Solyndra, which the Energy Department had backed with a $535 million loan guarantee. “The future is here,” Mr. Obama declared.
On Thursday, FBI agents came through Solyndra’s doors with a different message: “Search warrant.” The details of the federal investigation are not yet public, but they probably have something to do with Solyndra’s unexpected recent announcement that it is filing for bankruptcy, leaving hundreds of workers jobless — and taxpayers on the hook for almost all of its government- backed loan. The collapse of one of the Obama administration’s signature “green jobs” efforts may mutate from an embarrassment to a scandal.
No comments:
Post a Comment