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The Labor Department today announced that it had approved Trade Adjustment Assistance for the former employees of the bankrupt solar panel maker Solyndra. That means all of the firm’s 1,100 ex-employees are eligible for federal aid packages, including job retraining and income assistance.
WASHINGTON -- The White House Counsel's Office has formally rejected a congressional subpoena of documents relating to the $535 million loan guarantee that the administration shepherded for Solyndra, the now-defunct solar energy company. In a letter to the chairs of the House Energy and Commerce Committee and Subcommittee on Oversight and Investigation, Kathryn H.
Solyndra has a building, solar panels and machines to sell. How much it can get for them is an open question. NEW YORK (CNNMoney) -- During the weeks of nasty congressional hearings and even nastier columns in the press since solar panel maker Solyndra declared bankruptcy , it's been widely assumed that the debacle cost the government over half a billion dollars.
Solyndra LLC, the solar-panel maker that filed for bankruptcy protection two months after executives extolled its prospects, is being investigated by the FBI for accounting fraud, an agency official said. The FBI is examining possible misrepresentations in financial statements submitted to the Energy Department, according to the official, who requested anonymity because the investigation is continuing. Enlarge image
Executives with the bankrupt solar energy firm at the heart of a widening federal controversy plan to plead the Fifth when they head to Capitol Hill for a hearing Friday.
Solyndra LLC’s bankruptcy threatens to curb government incentives championed by the Obama administration to build a renewable energy industry in the U.S. Solyndra, a solar-panel manufacturer that received about $527 million in federal loan guarantees, shut down on Aug. 31, then filed for bankruptcy protection on Sept. 6.
As we speak, the President is preparing his big Labor Day jobs speech. Will he dare drone on again about his "green jobs" approach with this dangling behind him? Heres the problem.