Solyndra and Fisker Write-Offs.....

The Department of Energy (DOE) gave away its equity interest in Solyndra to allow tax benefits worth up to $341 million to pass to two of Solyndra’s largest investors, Argonaut and Madrone, according to recently released bankruptcy filings. DOE’s actions raise the total amount of taxpayer money lost by Solyndra to as high as $849 million. House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., today sent a letter to Secretary of Energy Steven Chu seeking documents relating to another troubled loan recipient, Fisker Automotive.