Wednesday, November 02, 2011

More Solyndras - Politico: "DOE inspector general: 100+ stimulus-related criminal probes."


Anonymous said...

What's this? No subpoenas for the Bush administrators who began the process? No subpoenas for the Republican Senators and Congressmen who threw their weight behind the deal?

Boy, don't you just HATE when the government "picks winners and losers"?

Eric said...

I do.

In other news, I see Fannie Mae is looking for another government bailout.

Anonymous said...

Comparing deregulated mortgage fraud with industrial R&D investment is about as "in other news" as it gets.

Eric said...

Uh, no. Insulating a private entity from regulating market forces through government action ("picking winners and losers") leads to moral hazard and perverted outcomes.

See: Chevy Volt.

Anonymous said...

Yeah, like the moral hazard you posted your words onto.

Perverted outcome #1: Not ceding an entire technology to China.