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Old Jun 29, 2012, 09:31 AM
P-51C is offline
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Another Obama backed solar company costs the taxpayers;

"Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete.

Abound borrowed about $70 million against the guarantee, the Loveland, Colorado-based company said today in a statement. It plans to file for bankruptcy protection in Wilmington, Delaware, next week.

U.S. taxpayers may lose $40 million to $60 million on the loan after Aboundís assets are sold and the bankruptcy proceeding closes, Damien LaVera, an Energy Department spokesman, said in a statement today."
Old Jun 29, 2012, 09:48 AM
BE77 Pilot is offline
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More of mr obama's boyz getting their cut.
Old Jun 29, 2012, 10:00 AM
LVsoaring is online now
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It's gonna be YUGE!!!
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just saw this on Communist News Network. Good job libs! You guys are number one when it comes to flushing money down the crapper!
Old Jun 29, 2012, 10:03 AM
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Venture Captialism is yet another thing Government does poorly.

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