WHO BESIDES SOLYNDRA GOT LOAN GUARANTEES? “Solyndra CEO Brian Harrison just resigned, as the controversy stubbornly refuses to go away. Seems worth revisiting the loans once again, since I’ve spent a little time looking more deeply at the program over the past few days. . . . I have highlighted what jumped out at me: most of the money has gone to enormous companies that should have no trouble accessing capital. Established utilities, large multinational auto manufacturers, a global warehouse owner. The bulk of these funds are not going to rectify some gap in the capital markets. They’re straight subsidies to huge corporations. Even some of the smaller firms/deals are owned by large corporations like Total SA. . . . We’re just sticking a green smiley face on the same old corporate welfare–and the government’s less like a VC than a farmer slopping the pigs at the trough.” Do tell.
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