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Another $2 billion of taxpayer money lost on solar companies

Yesterday, Solar Trust of America filed bankruptcy.  Exactly a year ago, Obama’s DOE gave them a $2.1 billion loan guarantee to build a factory.  The plant was supposed to create 1,000 direct jobs and 7,500 indirect jobs.  Well, maybe for the attorneys.

BTW, the CEO had a background in commodities trading and property management.  Clearly, Steve Chu has serious skills as a venture capitalist!

 

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