Monday, September 26, 2011

California Democratic Party among Solyndra’s creditors


Beyond being listed as a creditor, the state Democratic Party’s ties to Solyndra aren’t clear, but a fuller picture could emerge as the bankruptcy case unfolds. - Jim McElhatton/Washington Times

Out of the hundreds of out-of-work employees, vendors, investors and other creditors in the bankruptcy of government-backed solar-panel maker Solyndra LLC, one name stands out: the California Democratic Party. Why California Democrats would be creditor to a company that received more than a half-billion dollars in federal loans to build a solar-panel plant isn’t clear. Even party officials say they’re not sure.