Monday, April 2, 2012

Another Obama Success

Another $2.1 Billion down the crapper.
How do you turn a $2.1 billion dollar loan into assets of $10 million?

A California solar energy company that was unable to meet a deadline for an Energy Department loan guarantee last year has sought bankruptcy protection in Delaware.
Solar Trust of America’s Chapter 11 filing on Monday listed assets between $1 million and $10 million, and liabilities between $10 million and $50 million.
This bunch has a gift for losing money. Especially taxpayer money.
Solar Trust turned down the loan offer from Obama's bunch. A narrow escape for taxpayers.

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