Solyndra seeks Tax Benefit in Bankruptcy

Not only has failed solar panel manufacturer Solyndra benefited from a $535 million government loan guarantee, it’s now seeking a huge tax break as part of its bankruptcy reorganization.

Wall Street Journal editorial states:

“Perhaps you thought the Solyndra scandal amounted to a $535 million government loan that will never be repaid. No such luck. In the latest twist, Solyndra’s investors could be rewarded for their failure, thanks to a tax benefit the Administration handed out in a bid to evade political accountability.” Read More …

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