Martin/Snyder: Taxpayers Bitten By Crony Capitalism Again

Another Solyndra-type boondoggle goes up in smoke.   Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete. Abound borrowed about $70 million against the guarantee, the Loveland, Colorado-based company said  ... MORE