Remember Solyndra, the Fremont-based solar panel manufacturer who got a $535 million low-interest loan guarantee from the Obama administration in 2009, and whom Obama visited on one of his last trips to the Bay Area? Well, they're now suddenly bankrupt, shocking the White House and prompting an investigation by the FBI starting today.
Republicans in Congress are demanding a hearing now, looking into the loans to the company. And meanwhile, Bloomberg reports the company may already have two bidders. But the U.S. Department of Energy is concerned that whoever buys the company may want to move its operations off-shore, which would of course be bad given all the funding that the government has given it.