Obama donor gained nearly $1 billion in tax credits in Solyndra bankruptcy


Ah Solyndra. Was there any part of this endeavor which wasn’t a scam?

(From The Washington Examiner)

Most people who follow the news are aware that President Obama invested $527 million in Solyndra, the now-bankrupt California-based solar panel manufacturing company.

What is much less well-known is that the federal government was legally required to cut its losses of tax dollars just months into the project, and that only an illegal loan modification made to benefit an Obama fundraiser led to taxpayers losing more than $500 million.

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