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Monday, August 6, 2012

Taxpayers will recover only $24 million of the about $527 million Solyndra loan.

The three networks have, thus far, ignored the revelation that American taxpayers will only recover a mere $24 million of the $527 million lost on Solyndra, a new report by the Dow Jones newswire revealed last week. The evening newscasts and morning shows have skipped the announcement.

The Washington Examiner explained on Thursday, "In a little-noticed move, Solyndra LLC officially released it bankruptcy plan this week. The official word from it is that taxpayers will recover only $24 million of the about $527 million." The only utterance of Solyndra last week came when Republican National Committee Chairman Reince Priebus brought it up on Sunday's This Week.

Talking to an unhappy-looking George Stephanopoulos, the RNC chairman zinged, "The entire philosophy of...Barack Obama can be summarized in one word and that's Solyndra. That's Barack Obama's philosophy."

The Examiner piece quoted the Dow newswire as pointing out that "documents filed Friday evening in a Delaware bankruptcy court say private equity firms, including one whose chief has ties to the Obama administration, will get back at least half of the $70 million they put into Solyndra early last year as the company battled for survival."  (Continues)

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