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    Congressional Investigator: More Solar Bankruptcies to Come

    A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee program will go bankrupt before all allotted funds are spent. The program, which guaranteed a $535 million loan to Solyndra before the company declared bankruptcy last week, still … More

    Energy Oversight Chairman to Discuss Solyndra Bankruptcy at Heritage

    The House of Representatives’ lead investigator into federal loans given to bankrupt solar company Solyndra will preview his hearing on the issue in a discussion at the Heritage Foundation on Tuesday at noon. Speaking at the weekly Bloggers Briefing, Rep. Cliff Stearns (R-FL), who chairs the Energy and Commerce Committee’s … More

    Solyndra to Solar City: Lesson Not Learned in Green Energy Loan

    Basking in the glow from the $535 million fire left when Solyndra crashed and burned, the Department of Energy is ready to subsidize additional hundreds of millions in loans to solar energy companies. The logic of this latest round is stunning: One company supposedly needs the government subsidy because its … More

    FBI Agents Raid Solyndra's Fremont, California Headquarters

    The politically connected solar firm that announced its impending bankruptcy last week was raided by federal agents this morning as part of a joint investigation between the FBI and the Energy Department Inspector General’s office. The company, Solyndra Inc., had received significant favorable treatment from the Obama administration. One of the company’s … More

    Setting the Record Straight on Federal Disaster Funding

    Liberals have spent the past two weeks asking Congress to write a blank check for federal disaster funding. They’ve concentrated their attacks on House Majority Leader Eric Cantor (R-VA) for seeking offsets in other areas of the budget to cover the additional aid. They’ve portrayed Cantor as a callous conservative, … More

    Congressmen Ask White House for Documents on Solyndra's Federal Loan

    One day after solar company Solyndra closed its doors, two U.S. congressman are asking the White House for all documents related to the federal government’s $535 million loan guarantee. The probe also seeks correspondence between administration officials and the company’s investors, seeking to uncover if the White House engaged in … More

    Politically Connected Solar Firm Goes Under Despite Federal Support

    Major donors to President Obama have received favorable treatment throughout his administration. Today’s news that solar company Solyndra is going bankrupt demonstrates the consequences of that apparent cronyism. The company’s demise is likely to cost taxpayers hundreds of millions of dollars. Solyndra suspended operations Wednesday and will soon file for … More

    Market Loser Is a Political Winner

    President Obama has picked another “winner” among green technologies meant to portend an energy revolution. This time it is a Korean-owned battery factory in Michigan, part of a $2.4 billion government investment in electric car battery technology in spite of a global glut of battery supply. However, the question is … More