Stimulus Recipient Abound Solar To File For Bankruptcy

Well, the Stimulus is creating jobs for lawyers and people who handle companies closing down

(Businessweek) Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, is closing its doors and filing for bankruptcy, according to the U.S. Energy Department.

Abound, based in Loveland, Colorado, borrowed $70 million against the guarantee, the Energy Department said today in a statement.

More taxpayer money down the drain.

Save $10 on purchases of $49.99 & up on our Fruit Bouquets at 1800flowers.com. Promo Code: FRUIT49
If you liked my post, feel free to subscribe to my rss feeds.

Both comments and trackbacks are currently closed

4 Responses to “Stimulus Recipient Abound Solar To File For Bankruptcy”

  1. Gumball_Brains says:

    They keep falling day by day.

    One wonders when enough will be enough.

    Federal Subsidies to any public or private entity has to end. It is unfair, un-economical, and is a bane to free-market existence. How much of the Obama spending (was going to say ‘budget’ but since there has yet to be a budget since 2010…) was pure subsidy and kickbacks? 50%? 75%?

  2. We need term limits and serious restrictions on governmental spending encoded in law.

  3. Westie says:

    Which Obama Bundler made off with the $400 million of taxpayer loot? BTW is John Corzine still bundling for BO?

  4. Gumball_Brains says:

    I think you’ve answered both your questions….

Bad Behavior has blocked 13331 access attempts in the last 7 days.