Donate

Tag: Solyndra

October 11, 2012 | 8:32 am

A.M. Splash: Oakland Sues U.S. Over Marijuana; Calif. Leads U.S. in Foreclosure Drop; Suit Filed Against Central Subway; Gas Prices Drop

Posted by

Oakland sues feds over pot dispensary (SF Chronicle) The city of Oakland took the unusual step Wednesday of filing a suit in an attempt to stop the federal government from seizing and closing down one of the largest medical marijuana dispensaries in the city. Attorneys for Harborside Health Center said the suit against the federal […]

Continue Reading

August 28, 2012 | 8:29 am

A.M. Splash: Solyndra Backers May Get Tax Benefits; Hanta Virus Kills 2nd Yosemite Visitor; Petaluma Little Leaguers Get Heroes’ Welcome

Posted by

Solyndra’s private backers stand to reap tax gains, bankruptcy filing says (Oakland Tribune) Two investment firms could walk away from the bankruptcy of Fremont solar panel maker Solyndra with hundreds of millions of dollars in future tax breaks, the U.S. government said in court papers seeking more information on the arrangement. Units of Argonaut Ventures […]

Continue Reading

May 31, 2012 | 2:15 pm

Fact Checking Mitt Romney’s Comments That Obama Administration Steered Solyndra Money to ‘Friends and Family’

Posted by

Here’s the raw video today of Mitt Romney at Solyndra slamming President Obama, the stimulus, and a “serious conflict of interest on the part of the president and his team.” Here’s what Romney said: Two years ago President Obama was here to tout this building and this business as a symbol of the success of […]

Continue Reading

Treasury Dept Inspector General Finds Solyndra Loan Was ‘Rushed’

April 5, 2012 | 9:55 am

Treasury Dept Inspector General Finds Solyndra Loan Was ‘Rushed’

Posted by

WASHINGTON (AP) — Federal financial experts weren’t consulted on a half-billion federal loan to a failed solar company until the last minute, and only then had “about a day” to complete their review, an internal watchdog concluded Wednesday. The report from the Treasury Department’s inspector general found that the department’s review was “rushed” and began […]

Continue Reading

Energy Secretary Chu Testifies on Solyndra Loan; Watch Replay of Hearing

November 17, 2011 | 11:55 am

Energy Secretary Chu Testifies on Solyndra Loan; Watch Replay of Hearing

Posted by

Video: Hearing part 1 Video: Hearing part 2 Washington Post live blog Update 11:58 a.m. KQED Climate Watch’s Craig Miller reports on today’s congressional testimony by Secretary of Energy Stephen Chu regarding the Solyndra affair…. Energy Secretary Stephen Chu stood his ground this morning at a congressional hearing on the ill-fated federal loan guarantee for […]

Continue Reading

October 14, 2011 | 8:51 am

Video Archive: Today’s House Hearing on Whether Dept of Energy Broke Law on Solyndra

Posted by

From the Mercury News: The House Energy and Commerce Committee’s Subcommitee on Oversight and Investigations is focusing on whether the Department of Energy broke the law when it agreed to restructure Solyndra’s debt earlier this year… The hearing is focusing on a decision made in February. As Solyndra ran out of cash, the company’s two […]

Continue Reading

Solyndra Received Favorable IRS Ruling Weeks Before Loan

September 28, 2011 | 9:04 am

Solyndra Received Favorable IRS Ruling Weeks Before Loan

Posted by

From California Watch Just weeks before Solyndra received approval for a $535 million taxpayer-funded loan, the Fremont, Calif.-based solar panel manufacturing company received a favorable ruling from the Internal Revenue Service, giving its customers a significant tax break. The U.S. tax code has long allowed buyers of solar panels to deduct a portion of the […]

Continue Reading

September 23, 2011 | 9:58 am

Video: Today’s Solyndra House Hearing; Execs Invoke 5th Amendment

Posted by

Solyndra CEO Brian Higgins and Chief Financial Officer Bill Stover invoked their Fifth Amendment right to not testify to avoid self-incrimination at the House hearing on Solyndra today. The House Energy and Commerce Committee is looking into the controversial loan guarantees the now-bankrupt company received from the Dept. of Energy. Here’s the full video of […]

Continue Reading

September 20, 2011 | 2:24 pm

Solyndra Execs to Take the 5th

Posted by

(AP) Two top executives at a bankrupt California solar energy company say they will invoke their Fifth Amendment rights and refuse to answer questions when they appear at a House hearing on Friday. Solyndra Inc. Chief Executive Officer Brian Harrison and Chief Financial Officer W.G. Stover sent letters to the House Energy and Commerce Committee […]

Continue Reading

Video Replay: House Solyndra Hearing

September 15, 2011 | 3:14 pm

Video Replay: House Solyndra Hearing

Posted by

I guess with employees no longer on the premises, no one is available to update this company timeline from the Solyndra web site, which includes entries like:

2008 – Commenced commercial solar panel shipments. Opened office in Germany
2009 – Reached $100 million in annual revenues

with something like…

2011 – Went belly-up, thus creating an opening for Republicans to attack, in ascending order, the company, the Dept of Energy program from which said company received a loan guarantee, the stimulus bill that spawned said program, and the President of the United States that pushed said stimulus bill.

Continue Reading