Another 'Green' Loan Bust

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November 25, 2013

Another ‘Green’ Loan Bust

Fisker loses $139 million.

“The Obama administration announced Friday it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc. after selling part of the loan to a private investor that immediately took the company into bankruptcy,” reports Fox News. The loan to Fisker is just another in a long line of “green” energy loans favored by the Obama administration – and yet another one that ends up costing the taxpayers big bucks. Fortunately, this one wasn’t as big as solar panel maker Solyndra, which redistributed nearly $400 million after going bankrupt in 2011. If BO was betting with his own money instead of yours, he might be more careful.

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green energy

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