sierraclub.org - sierra magazine - jan/feb 2012 - grapple: solyndra in perspective

GRAPPLE | With Issues and Ideas

Why They Call Them "Axes" | Not Dead Yet | The Next Big Thing | Solyndra in Perspective | Woe Is Us |
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Solyndra in Perspective

From all the noise over the bankruptcy of California solar firm Solyndra--recipient of $535 million in loan guarantees from the Department of Energy--you might think it involved blatant public corruption and an unprecedented loss of public funds. In fact, no wrongdoing has been discovered, and while $535 million is serious money, in the history of failed federal bets it's pretty small potatoes. Here is how the Solyndra loan lines up with what the New York Times calls "the Pentagon's biggest boondoggles.".—Paul Rauber

NEXT: Woe Is Us