Solyndra

Obama Donor Made $1 Billion in Tax Credits Thanks to Solyndra Bankruptcy

Solar panel company was given hundreds of millions of dollars before going broke

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Most people who follow the news are aware that President Obama invested $527 million in Solyndra, the now-bankrupt California-based solar panel manufacturing company.

What is much less well-known is that the federal government was legally required to cut its losses of tax dollars just months into the project, and that only an illegal loan modification made to benefit an Obama fundraiser led to taxpayers losing more than $500 million.