How do you turn a $2.1 billion dollar loan into assets of $10 million?
A California solar energy company that was unable to meet a deadline for an Energy Department loan guarantee last year has sought bankruptcy protection in Delaware.
Solar Trust of America’s Chapter 11 filing on Monday listed assets between $1 million and $10 million, and liabilities between $10 million and $50 million.This bunch has a gift for losing money. Especially taxpayer money.
Update:
Solar Trust turned down the loan offer from Obama's bunch. A narrow escape for taxpayers.