[icanhasbailout]

“A $69 million loan this spring from the company’s private investors will be repaid before taxpayers get their money back, according to a creditors’ agreement cited in the bankruptcy filing. “

Who the hell agreed to this? Private investors should be the FIRST wiped out, well before losses to the taxpayer are put into play.

[JaxLaxDad]

“A $69 million loan this spring from the company’s private investors will be repaid before taxpayers get their money back, according to a creditors’ agreement cited in the bankruptcy filing. “

Who the hell agreed to this? Private investors should be the FIRST wiped out, well before losses to the taxpayer are put into play.

...Yep. This story is getting worse by the day.
1/2 billion for a factory. Monstrous overhead for
such a niche company. No real bank or VC entity would
allow that.

[Meet the New Boss]

Who the hell agreed to this? Private investors should be the FIRST wiped out, well before losses to the taxpayer are put into play.

Private investors would not have invested in the company otherwise.

If private investors could be convinced that the company's business plan was viable, Solyndra would not have needed taxpayer money in the first place.

[businessprofessor]

Who the hell agreed to this? Private investors should be the FIRST wiped out, well before losses to the taxpayer are put into play.

Your statement is misinformed. You do not know the terms of the bond covenant. The lenders may have insisted on priority, secured status. Companies in difficult financial situations have few choices to raise funds.

[dynachrome]

“the company’s private investors”

Soros and Buffet?

[griswold3]

This is the new economy, same as the old economy.
it’s part of any ‘Private/Public’ partnership or commonly known as Corporatism.

[jackieh]

George Kaiser ...key investor in Solyndra....raised $50,000 for Obamas 2008 Presidential campaign. Wonder how much he invested???? Hummmm, $69 million maybe?