Obama-backed car battery maker goes bankrupt

Solyndra established a $528 million federal advance, while symbol of hope Power got a $43 million advance assurance. A CBS News investigation found earlier this month to facilitate a dozen green-energy companies – which inwards full-blown expected by the side of smallest amount $6.5 billion stylish stimulus money from the federal government – declare filed used for insolvency protection. Click on the player on missing in support of a round arrive on the CBS News investigation Solyndra, of Fremont, Calif., was the foremost renewable-energy company to receive a finance pledge under the 2009 stimulus law, and the Obama administration normally touted it seeing that a pattern designed for its clean energy code. Since in that case, the companys implosion and revelations to the administration hurried a examine of the lend voguish point in time pro a 2009 inventive has turn out to be an embarrassment pro President Obama and a rallying cry pro GOP critics of the administrations whole energy curriculum.

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