1/13/2012

"CBS News: 11 More Solyndras In Obama Energy Program"



CBS News counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES' subsidiary Eastern Energy and Solyndra. . . .


Beacon Power was given its money even though Standard and Poor's had given it a CCC+ rating.

"They had built into the program $2.4 billion in potential losses. That is already factored in."


Well, they may already have $6.5 billion in losses from the five that have gone bankrupt with Solyndra alone at a half a billion by itself.

Fox News has this: "More Solyndra-esque debacles?"

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