Thursday, October 13, 2011

Kinzinger on Fox Business Channel about Solyndra scandal

Rep. Adam Kinzinger (R-IL) discussed the Solyndra scandal on Fox Business News' The Willis Report yesterday.

I look at this scandal as crony capitalism at its worst. Kinzinger told Gerri Willis:

You have Solyndra that restructured a loan so that in case it goes bankrupt the first $75 million in assets are paid to two investors and not the American taxpayers. So the chance of us getting our money back is not looking good. The chance of us getting any of the billions of dollars we pushed out the door, coming back, is not looking good. And, we're not even getting the jobs that the administration promised.



Not looking good, indeed.

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