By Benjamin Gorelick on September 20, 2011 - 8:37am
The bankruptcy of California-based solar technology manufacturer Solyndra proves one thing: the company misread its own market. It's just a shame that the firm was also a beneficiary of the DoE's loan guarantee program — to the tune of $535 million — for which American taxpayers are now liable.
Some important lessons may be learned from this failure. Politically, expect the usual finger pointing, buck passing, and ideological posturing. Don't waste your time deciding who gets the blame, or even who deserves it.