All Commentary
Thursday, March 29, 2012

Solyndra Risks Were Known to Feds

“The federal government and private investors knew the risks they were taking when they poured money in Solyndra LLC, the California solar panel manufacturer that went bankrupt two years after winning more than a half-billion dollars in federal loan guarantees, according to the company’s top official. But Solyndra’s restructuring officer, R. Todd Neilson, in a report Tuesday found no wrongdoing by the company and blamed its fast collapse not on mismanagement but falling solar prices and a global recession that cut into demand for Solyndra’s panels.” (Washington Times)

It wasn’t their money.

FEE Timely Classic
“The Myth of National Industrial Policy” by Dennis Bechara