A company that served as a showcase for the Obama
administration’s effort to create jobs in clean technology shut down
Wednesday, leaving 1,100 people out of work and taxpayers obligated for
$535 million in federal loans.
Solyndra, a California solar panel maker, had long been an
administration favorite. Over the past two years, President Obama and
Energy Secretary Steven Chu each had made congratulatory visits to the
company’s Silicon Valley headquarters.