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Feds gave battery firm $1M on day of bankruptcy filing

 
gebahie

User ID: 10118097
United States
11/18/2012 01:46 PM

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Feds gave battery firm $1M on day of bankruptcy filing
Electric car battery maker A123 Systems, now in Chapter 11 bankruptcy, has gotten more than $133 million from the government, and Energy Department says it still may get tens of millions more.

12:27AM EST November 17. 2012 - Electric car battery maker A123 Systems received a $946,830 check from the U.S. Energy Department on the day it filed for Chapter 11 bankruptcy last month -- providing more ammunition for critics who say the Obama administration is blindly funding failed clean energy companies.

[link to www.usatoday.com]
Anonymous Coward
User ID: 14553694
Canada
11/18/2012 01:50 PM
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Re: Feds gave battery firm $1M on day of bankruptcy filing
wow I need to open up some green company and move to the usa
Anonymous Coward
User ID: 27998218
United States
11/18/2012 01:56 PM
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Re: Feds gave battery firm $1M on day of bankruptcy filing
yep, funnel 10s of millions/billions/trillions of dollars this way and that, bankrupt the company and run with all the loot that falls through the cracks
Epic Beard Guy
Constitutional Crusader

User ID: 24057800
United States
11/18/2012 03:01 PM

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Re: Feds gave battery firm $1M on day of bankruptcy filing
That's just more Obalogney bullshit. He is destroying our economy while pay back the people that helped him along the way.
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe
Anonymous Coward
User ID: 24473407
United States
11/18/2012 03:09 PM
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Re: Feds gave battery firm $1M on day of bankruptcy filing
Typical democrat administration results. Steal everyones money.

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