Romney MA loan backed solar company bankrupt
by TONI H - 6/3/12 4:18 PM
http://thinkprogress.org/?mobile=nc (scroll down for the story)
Evidently back in 2003 using money that was set aside in 1998 before he took office, $24M was loaned to a number of different companies, with $9M going to Konarka Technologies which filed for bankruptcy on Friday.
A few comments....$24M total isn't anything close to what BO has spent....none went to friends of Romney's.....he didn't have anything to do with the 1998 decision before he took office that put this money into a trust for this purpose....at least this company was able to hang on (and might still with new funding) for over ten years (opened in 2001) compared to Solyndra that never even opened....it appears from some reports I've seen that Konarka repaid all or most of the loan.....and Romney has evolved just as BO has evidently evolved regarding gay marriage.