Bankruptcy and Political Fallout
The bankruptcy filing occurred days after a visit by Republican presidential candidate Romney to Solyndra, another bankrupted solar energy firm which also received over $500 million of funding from President Obama's administration. The fact that Konarka also received a loan in 2003 during Romney's gubernatorial term was noted by Democrats and inserted into the campaign-politics debate.
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Famous quotes containing the words bankruptcy and, bankruptcy and/or political:
“Bankruptcy and repudiation are the springboards from which much of our civilization vaults and turns its somersets, but the savage stands on the unelastic plank of famine.”
—Henry David Thoreau (1817–1862)
“The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimony—unaware, alas, of the fact that Europe’s declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.”
—Hannah Arendt (1906–1975)
“America is a nation with no truly national city, no Paris, no Rome, no London, no city which is at once the social center, the political capital, and the financial hub.”
—C. Wright Mills (1916–1962)