Scandal! Solar Firm Given Small Loan By Romney in 2003 Goes Belly Up

Jammie Wearing Fools

This is being called Mitt’s big flop. Nine years ago when he became Governor of Massachusetts Mitt Romney awarded a $1.5 million loan to a company now going out of business. So I guess this is a gotcha moment after he’s been ridiculing Obama for throwing away $535 million on Solyndra.

A Bay State solar panel developer that landed a state loan from Mitt Romney when he was Massachusetts governor has gone belly up — a day after the GOP presidential hopeful ripped President Obama’s green-energy investments.

Lowell-based Konarka Technologies announced late yesterday that it filed for Chapter 7 bankruptcy protection and will cease operations, lay off its 85 workers and liquidate.

“Konarka has been unable to obtain additional financing, and given its current financial condition, it is unable to continue operations,” CEO Howard Berke said in a statement...

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