Officials Suspected Trouble At Solar Panel Manufacturer

Administration officials suspected trouble at a solar panel manufacturer long before it went bankrupt and cost the government half a billion dollars. Solyndra Incorporated had received a federal loan guarantee under an Energy Department program to promote green energy. House investigators said that even while Solyndra testified its finances were improving, Energy and Labor officials suspected trouble. They were aware the company was about to restate its earnings. As early as 2010, the company canceled a public stock offering. Now the FBI is investigating the company. Last week it raided headquarters and the homes of Solyndra officers and the House has issued subpoenas to Energy and Labor, trying to find out who knew what, and when.