I thought this was related to the Stryker military vehicle at first. An obozo supporter going down the tubes bothers me not.
Pat Stryker and her siblings ...
Like Solyndra and a number of other green energy investments made under this administration, Abound Solar had a very poor credit rating, but enjoyed a wealth of political connections.
Abound announced Thursday that it will file for bankruptcy protection after drawing $70 million for a $400 million Energy Department loan made through President Obama’s stimulus package. Abound is the fourth stimulus-backed company to declare bankruptcy, following Solyndra in August 2011, Beacon Power later that year, and battery maker Ener1 in January.
Abound had to remove an entire rooftop of defective solar panels from the headquarters of one of its top investors, Bohemian Companies, a venture capital firm owned by Pat Stryker.
Stryker is particularly noteworthy, given her extensive ties to Democratic causes and politicians, including President Obama. Like so many beneficiaries of the green energy portions of the stimulus, Abound enjoyed significant political clout.
Stryker made Forbes’s 2011 list of the country’s top liberal political spenders
http://blog.heritage.org/2012/06/28/another-stimulus-backed-green-energy-company-goes-bankrupt/