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)
“You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.”
—Henry David Thoreau (1817–1862)
“Not wishing to be disturbed over moral issues of the political economy, Americans cling to the notion that the government is a sort of automatic machine, regulated by the balancing of competing interests.”
—C. Wright Mills (1916–1962)