Day By Day

Wednesday, January 18, 2012

But it's Green energy

News item of the morning:

(Reuters) – Solyndra LLC failed to attract any bids on Tuesday from buyers who could have restarted production, brought back some laid off staff and kept the bankrupt solar panel maker operating, according to a company adviser.

Solyndra, which owes more than $500 million to the U.S. government, has said a turnkey buyer is the best hope for getting the most money for the government and other creditors. However, no turnkey bids were submitted by a Tuesday deadline, said company adviser Eric Carlson of Imperial Capital LLC.

It's such a great business, in a booming vitally important field.  Not to worry - somehow those loans will be repaid to the taxpayers.

Yeah, right.

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