AP's Sept. 16 Solyndra Story, Part 1: Passing Off Weeks-Old News As It

Tom Blumer
September 16th, 2011 10:50 PM
The public learned on September 3 from William McQuillen at Bloomberg (possibly earlier elsewhere) that now-bankrupt Soyndra's private investors restructured the company's finances in January by lending the company "$75 million." As a condition of doing so, they convinced the government to give the new loan senior status over all other creditors. Now taxpayers face a likely loss of hundreds of…