freedombecki
Let's go swimmin'!
FBI agents executed search warrants Thursday morning at the headquarters of California solar firm Solyndra, which received a $535 million loan from the federal government before filing for bankruptcy last week. Source
The firm was publicly touted by Barack Obama, who praised them for their "successes" with green issues. He did not at any time tell the public their $535 million taxpayer dollars being loaned from stimulus funds was being given to a company that had a history of financial problems.
He also sent in the FBI with warrants, which means that other creditors who loaned Solyndra money on the strength of a tout from the bully pulpit will likely not get their money back.
Do you think it's right for the federal government to be in the loanshark business using the FBI to collect?