Detailed text transcripts for TV channel - FOXNEWS - 20110925:08:12:00
Solyndra ground breaking. the company dug itself into a hole almost immediately. bleeding money even as president obama was touting it as a success. but by february this year, the company was broke. according to an administration email, quote: the optics of a solyndra failure would be bad, closed quote. instead of letting the company shut down, the energy department approved a refinancing deal, guaranteeing that in the event of bankruptcy, private investors in solyndra would be repaid before american taxpayers. months later solyndra executives reported back to congress they had doubled their r...