Tuesday, October 4, 2011

Solyndra Loan Drama Overblown

"Many have cautioned that the drama around Solyndra is overblown. The Solyndra loan represents just 1.3 percent of the $39 billion in loans that the loan-guarantee program has generated thus far, and only around 3 percent of the total loan guarantees targeting the solar industry. The fact that Solyndra received up to $1 billion in private sector banking alone would suggest that leaders at the DOE weren't the only ones who saw promise in the technology."

And meanwhile China is giving it's companies HUNDREDS of billions.