Solar business loans

(cont'd)

Nobody likes to see our government throw away $935,000,000, nobody.  But that's what happened.

Presumably, the two American companies were doing the best they could to succeed. I wish a solar company would discover a way to produce solar energy efficiently enough that they could make a successful business out of it (and pay back their loans).  But that's what business entrepreneurs do:  they take a risk because they think they have a good chance.

Some questions should be asked.

Why did the U.S. government think those loans were a good risk - when the independent investors did not think so and chose not to risk their millions?  Private investors are highly motivated to analyze the company very carefully and to make the loan when the company shows evidence that they will be successful.  As it turns out, the independent investors who said no were right.

If loaning hundreds of millions to these companies was not a good risk, why did the federal government do it?  I'd like to see better quality decisions coming out of the government, like the decision to quit picking market winners and losers.