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Solyndra was a manufacturer of cylindrical panels of copper indium gallium selenide (CIGS) thin film solar cells. It was based in Fremont, California . In 2009, the Obama administration co-signed $535 million in loans to Solyndra.
In 2011 and 2012, AFP spent $8.4 million in swing states on television advertisements denouncing a loan guarantee the Department of Energy had made to Solyndra, a manufacturer of solar panels. Solyndra was the first recipient of such a guarantee under the American Recovery and Reinvestment Act of 2009, and the company went bankrupt. [139]
Megan McArdle is a senior editor for The Atlantic, where she writes about business and economics. Megan was interviewed by The Motley Fool's Tim Hanson at our 2011 Investing Conference, held in ...
Solyndra, a California solar panel company declares bankruptcy. Only 2 years earlier, Solyndra had received over $500 million from the federal government as requested by the Obama administration. [254] [255] The United States Department of Justice files a lawsuit in an attempt to stop the $39 billion merger between cell phone giants AT&T and T ...
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Pages in category "YouTube controversies" The following 11 pages are in this category, out of 11 total. This list may not reflect recent changes. A. Alt-right ...
A scandal is a widely publicized incident that involves allegations of official misconduct, disgrace, or moral outrage. A scandal may be based on reality, the product of false allegations, or a mixture of both. Inclusion in this category does not imply guilt, but rather that a scandal (whether justified or not) has taken place.
Yes, the loans weren't tax payer funds, but tax payers backed those loans, so when solar prices fell (as was projected by literally everyone except Solyndra) and Solyndra folded the tax payer backed program had to pay those loans, and $500 million dollars that would have otherwise been returned to the general fund (where tax moneys are kept ...