The failed solar panel maker is now adding insult to injury by filing for Chapter 11 reorganization. If they are successful, the principals and investors will receive a huge tax break as a reward. [That's stealing more money from the taxpayer! The investors get paid back but not the taxpayer.]
The tax benefit was provided by the Administration to evade political accountability, according to Newsmax.
Thankfully, the Internal Revenue Service has objected to Solyndra's reorganization plan citing Solyndra's "principal purpose is tax avoidance."
The IRS usually wins. If they don't this time, there's something fishy going on.
For the first time in my life, I'm rooting for the IRS!
Read more on Newsmax.com: Solyndra Seeks Tax Benefit in Bankruptcy