In the realm of solar power, there has never been more fanfare for a startup than in the case of Solyndra. Founded in 2005, the company’s rooftop-mounted solar panels were immediately touted as “the next big thing” in alternative energy.
Headquartered in the San Francisco Bay Area, Solyndra has been a magnet for venture capital cash from the Silicon Valley.
However, just before Solyndra’s promising glow of success began to fade, the last big investor stepped into the boardroom: The Obama Administration. And man, did the American taxpayer get played."
Monday, November 22, 2010
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