Thursday, September 8, 2011

How Did Solyndra Get a Sweetheart Interest Rate?

Ed Morrissey, Hot Air
ABC News discovered that the solar-tech firm Solyndra got unusually low interest rates on its federally-guaranteed loans before it collapsed last month, sending 1000 workers to the unemployment line in California.  Other green-tech firms receiving loans paid as much as three and four times the interest rate Solyndra secured for its $535 million from Barack Obama’s 2009 stimulus bill from the Treasury’s Federal Financing Bank. ABC notes that other green-tech firms didn’t have the connections that Solyndra had to Obama:

Source: http://www.realclearpolitics.com/2011/09/08/how_did_solyndra_get_a_sweetheart_interest_rate_263059.html

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