Congressman Griffith's Weekly E-Newsletter 01.16.12
Bankruptcy and bonuses make for strange bedfellows, particularly when taxpayer money is involved. The bankrupt solar energy company Solyndra is requesting to pay staff bonuses under a proposal filed in the U.S. Bankruptcy Court in Delaware. This request is outrageous! The American taxpayers are already on the hook for the original $535 million Solyndra loan guarantee. In addition, the taxpayers aren’t even the first creditor in line for $75 million because the Department of Energy ignored the law and subordinated that amount – putting taxpayers in the backseat.
