Thursday, September 8, 2011

FBI raids solar panel company hailed by Obama - Washington Times

FBI raids solar panel company hailed by Obama - Washington Times: FBI agents executed search warrants Thursday at the California headquarters of Solyndra LLC, which was awarded more than $500 million in federal stimulus loans in 2009 to make solar panels in what the Obama administration called part of an aggressive effort to put more Americans to work and end U.S. dependence on foreign oil.

But the firm filed a bankruptcy petition Tuesday in Delaware, shedding more than 900 full-time employees, leaving just a “core group” of 113 employees, according to bankruptcy records.

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