The real answer is that this is a bald-faced attempt by the Obama administration to *unlawfully* jump to the head of the bankruptcy creditor line by claiming fraud, in a shameless attempt to minimize the political damage from this Green Fiasco.
By doing this, Obama is trying to screw the Creditors who loaned Solyndra money on Good Faith, based on the loan guarantees the administration is trying to weasel their way out of.
Kaiser of Kaiser oil was a big fund raiser and donor to OB in his election. Seems he also had his hand in Solyandra at a level where he or his foundation will be made whole for $$$ invested because of the bankruptcy. Stay tuned..
Sounds like a solar mfg is not bound at happen on large scale in US...atleast not in silicon valley. Politics a big reason for the raid. so many others have backed out out or scaled back solar ventures recently...
Golden chute sounding to me - wonder where the gold went. Naturally, if they thought they could
build a FAB line in Fremont for a hundred or two million - I think that might be the issue. Cal Osha and Osha itself might just charge the fool
out of them - Fremont et. al. as was the way most fabs just moved out of the nation.
Smells like financial shenanigans to me. I wonder what will become of the 500+ million the taxpayers are on the hook for, time will tell. It seems very strange that this company (if memory serves me correctly) had upwards of 20 visits to the White House before the loan guarantee was made and now they are out of business. I wonder if the backers of the company were donors? This is a very interesting story with a lot going on in the background.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.