Romney’s Solyndra? Konarka Went Belly-Up, Got $1.5 Million In Mass. Money
Konarka Technologies, a Massachusetts based solar energy company, has gone bankrupt. When Mitt Romney was governor of Massachusetts he arranged a $1.5 million guarantee for the firm using taxpayer funds.
Romney’s failed investment coincides with his recent attacks on President Obama for subsidies given to Solyndra, an alternative energy company that went bankrupt. Despite the success of other alternative energy firms, Romney and other Republicans have attempted to make Solyndra a major focus of the 2012 campaign.
In attacking Obama, Romney described the type of money he approved for Konkara as “crony capitalism.”
When asked to comment on the issue to the conservative Boston Herald, Romney’s campaign “could not be immediately reached for comment.”
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