Saturday, January 21, 2012 by: Ethan A. Huff, staff writer
(NaturalNews) Just a few months ago, FBI agents raided the headquarters of now-bankrupt solar panel company Solyndra, which received more than half-a-billion dollars in federal stimulus funds as part of the federal government’s green energy stimulus initiative. But according to a new investigation by CBS News, the Solyndra scandal is just the tip of the iceberg, as at least 11 other green energy companies have either already failed, or are on the verge of failing, taking with them more than $6.5 billion in taxpayer money.
The federal government has basically been on an unbridled spending spree for the past several years, pumping billions of taxpayer dollars into risky green energy start-ups that were huge financial risks, and that in some cases were obvious bad investments. And now that these companies are failing, everyone is asking whether or not those involved will be held responsible, and whether or not taxpayers will get their money back.