Saturday, October 22, 2011

Solyndra to Auction Assets, But Taxpayers Won’t See a Dime

Heritage As part of its bankruptcy proceedings, defunct solar company Solyndra will auction off thousands of items from its California production facility on Nov. 2 and 3. But taxpayers won’t see a dime of the proceeds, due to the Energy Department’s decision to subordinate taxpayers to Solyndra’s private financiers in repayment of their investments.

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