Taxpayers To Recover $0 On Solyndra

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It will come as no surprise to some but the bankruptcy court hearing for Solyndra just threw up all over any hopes that our taxpayer-funded loans to this solar sinkhole will be recovered:

• *SOLYNDRA HAS ABOUT $71 MILLION IN NET DISTRIBUTABLE ASSETS
• *SOLYNDRA LENDERS AHEAD OF GOVERNMENT OWED ABOUT $77 MILLION

So it looks like a $0 recovery for us - US Government: Picking Losers One Sector At A Time.

Article Via http://www.zerohedge.com

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