Moderately of over a decade within the past, Solyndra used to be the freshest thing in picture voltaic vitality. Solyndra used to be so keen that then-President Barack Obama, who used to be attempting to kind inexperienced jobs while pulling the nation out of the monetary crisis, decided to give the corporate a $535 million mortgage guarantee from the Department of Vitality.
Inside of two years, Solyndra used to be bankrupt, out-competed by more cost-effective picture voltaic panels coming from China. Republicans launched a immense Congressional investigation, and the FBI raided the corporate’s headquarters to search out out the keep the entire money had long previous. Mitt Romney even went to Solyndra headquarters in Fremont, California, to make a speech decrying govt atomize for his 2012 campaign.
Solyndra, Republicans talked about, used to be the ideal instance of the entirety that used to be completely sinful with Obama’s belief to enhance neat vitality with govt-issued loans. Nonetheless what about the leisure of the loans the Obama administration gave out? And what can have to aloof the cause of such a mortgage program even be? Reporter Shannon Osaka crunches the Department of Vitality’s numbers and solutions what if truth be told came about to the government’s inexperienced mortgage program.
