Taxpayers to recover only $24 million from Solyndra

[Anonymous]

http://washingtonexaminer.com/taxpayers-to-recover-only-24-million-from-solyndra/article/2503861
In a little-noticed move, Solyndra LLC officially released it bankruptcy plan this week. The official word from it is that taxpayers will recover only $24 million of the about $527 million that the failed solar panel company drew from its $535 million federal loan guarantee, according to a report from Dow Jones newswire:

The main private equity firm here is Argonaut Ventures. This company was put ahead of US taxpayers in recovering funds in the event of a bankruptcy in direct violation of standard Energy Department policy, a fact that administration officials subsequently scrambled to justify.

Argonaut is the investment arm of the George Kaiser Family Foundation. Despite being called a foundation, GKFF is not a nonprofit in the conventional understanding of the term, but an exotic variation that allows the wealthy to park their assets tax-free. The foundation’s namesake is a major fundraiser of President Obama’s. He was often a guest in the White House and even discussed Solyndra with officials there.

[Anonymous]

I really don't care and find the right wing's preoccupation with Solyndra to be hilarious and fascinating. It's a tear in a salted sea as far as the budget goes, and frankly, as a matter of policy was probably worth the seed money.

[Anonymous]

That is venture investing. If you want to build new technologies, you have to expect that many investments will go belly up. I'm glad this president is willing to put government money into things other than oil subsidies.