Thursday, October 25, 2012
"Sources, documents suggest government-subsidized Abound Solar was selling faulty product"
After all, we all know that government has repeatedly been show to manage money poorly, let alone be able to judge how to invest it...
Michael Bastasch recently posted this story about "Abound Solar" at DailyCaller.com:
"Internal documentation and testimony from sources within Abound show that the company was selling a faulty, underperforming product, and may have mislead lenders at one point in order to keep itself afloat. “Our solar modules worked as long as you didn’t put them in the sun,” an internal source told The Daily Caller News Foundation. The company knew its panels were faulty prior to obtaining taxpayer dollars, according to sources, but kept pushing product out the door in order to meet Department of Energy goals required for their $400 million loan guarantee."
