Feds Continued Funding Fisker 12 Months After They Figured Out It Would Fail

Newly released documents show that the Obama administration was warned as early as 2010 that electric car maker Fisker Automotive Inc. was not meeting milestones set up for a half-billion-dollar government loan, nearly a year before U.S. officials froze the loan after questions were raised about the company’s statements.

An Energy Department official said in a June 2010 e-mail that Fisker’s bid to draw on the federal loan might be jeopardized for failure to meet goals established by the Energy Department.

 

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trmckin - 4/24/2013 4:38:14 PM

+2 Boost

Interesting... Not shocking considering the news floating around these days.

PUGPROUD - 4/24/2013 6:49:41 PM

+3 Boost

I'm getting real tired and angry with our government mortgaging my grandchildren's future and threatening my retirement.

HughJass - 4/24/2013 7:35:22 PM

0 Boost

Since when do we care? There's far too many chicken wings and cheap electronics to be had to worry about how our money is being wasted.

I'm all for patriotism as long as it doesn't screw up my Monday night football.