Thursday, November 03, 2011

Obama administration considered bailout for Solyndra days before bankruptcy ....

And the only reason I can see for doing this would be a literal financial cover-up.....or there are people up there just that dense about how business operates......

Days before a solar panel maker collapsed, the Obama administration considered a bailout that would have provided an infusion of cash and made the federal government a part-owner of the company.

Officials rejected the plan, which was recommended in August by the investment banking firm Lazard Ltd. Lazard was paid $1 million for analyzing options related to the faltering company, Solyndra Inc.

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