White House-Backed Solar Energy Company Collapses

Solyndra, a renewable energy firm that became the darling of the Obama Administration, shut the doors to its California headquarters today, raising sharp questions from the administration's critics about political favoritism in the federal loan program. "We smelled a rat from the onset," Republican House Energy and Commerce Committee members Rep. Cliff Stearns and Rep. Fred Upton said in a statement to ABC News of the the $535 million government loan guarantee awarded to Solyndra in 2009. The...Full Story
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