Battery-manufacturer A123 Systems Inc., which received a $249 million grant under President Barack Obama’s green energy initiative, received nearly $1 million from the federal government the same day it declared bankruptcy, Reuters reports.
A new study conducted by the U.S. Partnership for Renewable Energy Finance estimates that tax credits for solar energy companies will pay for themselves, but only if those companies survive for 30 years.
President Barack Obama will be raising money among Silicon Valley scions just an hour outside of a newly bankrupt California city.
Obama campaign spokeswoman Lis Smith attempted to push back against charges that President Obama has engaged in crony capitalism, the practice of rewarding prominent donors with taxpayer dollars.
Local officials in San Bernardino County, Calif., met last week to consider a controversial proposal to use eminent domain powers to seize and refinance underwater mortgages.
Another federally backed solar company will declare bankruptcy, the Department of Energy announced Thursday.
A new report by former FBI Director Louis J. Freeh detailing MF Global’s misuse of Italian bonds before its October bankruptcy subjects embattled Obama bundler Jon Corzine to further scrutiny.
A trustee of MF Global, James Giddens, released a report Monday that sheds new light on the company’s bankruptcy last October.
New York legal powerhouse Dewey & LeBoeuf, a dedicated contributor to Democratic candidates in the 2008 and 2010 election cycles, filed for bankruptcy last night.
Emails from the office of an Obama appointee forced to resign over the GSA scandal indicate that the administration was aware of Solyndra’s looming money woes prior to the company’s bankruptcy.