1. Ethical and Legal Issues at Solyndra
As a result, the company filed for bankruptcy in 2011 after the Federal Government paid out $527 million in loan money, causing a substantial loss to taxpayers. ... Legally, the Federal Government, ultimately the taxpayers, should have received the assets from the liquidation prior to any private investors. ... Due to his close ties to both Obama and Solyndra and his conflict of interest, he violated ethical principles by using his influence to get the government to release the half-a-billion dollar loan to Solyndra without allowing the government to perform the meticulousness and care that s...
- Word Count: 1629
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate