Recently, the poster company of Obama's Green Energy Stimulus efforts (Solyndra) filed for bankruptcy. We're now finding out that PriceWaterhouseCoopers had raised "SUBSTANTIAL DOUBTS about this companies ability to continue as a going concern" Before The Loan was Refinanced. And, the Energy Company even had a representative on the companies board of directors. Meanwhile the OMB had raised concerns about the lack of time to perform "due diligence" on the company before the loan was approved.
Meanwhile, a Congressional Investigator is suggesting that there are more companies to follow that had been beneficiaries of the Failed Stimulus Program.
This is what happens when a Socialist Government makes rush decisions for Political Expediency.
From Fox News
http://www.foxnews.com/politics/2011/09/13/gop-to-hold-hearing-on-now-bankrupt-solar-company-that-obama-once-touted/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxnews%2Fpolitics+%28Internal+-+Politics+-+Text%29&utm_content=My+Yahoo
From USA Today
http://content.usatoday.com/communities/theoval/post/2011/09/obama-team-has-solyndra-headache/1?loc=interstitialskip
From The Heritage Foundation
http://blog.heritage.org/2011/09/13/congressional-investigator-more-solar-bankruptcies-to-come/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell
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