Yet Another Energy Company with Taxpayer Loan Goes Bankrupt
12:02 PM, Oct 31, 2011 • By MARK HEMINGWAY
Well, now we know the reason for the Friday night news dump. When the Obama administration finally announced that they would be launching an independent review of Department of Energy loan guarantees, they were likely trying to get out ahead of this:
It's been a mere four days since a company with a sizable federal loan guarantee went bankrupt. So Solyndra, Light Squared, Fisker, Open Range, and now Beacon—again, how many more of these risky taxpayer-backed loans are out there?