Another One Bites the Dust

Altogether now to the tune of Another One Bites the Dust ... SoloPower, a Portland-based solar energy company that opened in 2011 with grandiose growth promises bit the big one this week. The Feds "only" pumped $197 million into this turkey. Between Solyndra and this outfit $750 million - that's .75 BILLION - of U.S. taxpayer dollars swirled down the drain. Oregon had some "investment" money in this outfit too by way of a $20 million tax credit. The great stock swindles of the 1800s had nothing on these guys. At least the government at that time prosecuted the swindlers instead of giving them money.

www.kgw.com/news/business/Solar-power-company-suspending-Portland-operations-204321931.html