Beltway Confidential

Ryan: More Solyndra-style scandals to come

By Joel Gehrke
Published September 19, 2011 4:00am ET
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Ryan: More Solyndra-style scandals to come
Rep. Paul Ryan, R-Wis., predicted on Fox News Sunday that more government-backed companies would fail, after the manner of the solar energy company Solyndra, because of the inability of the government to identify prudent investments. If Ryan proves correct, the $535 million loss of federal money in the Solyndra bankruptcy will pale compared to ensuing […]

Rep. Paul Ryan, R-Wis., predicted on Fox News Sunday that more government-backed companies would fail, after the manner of the solar energy company Solyndra, because of the inability of the government to identify prudent investments.

If Ryan proves correct, the $535 million loss of federal money in the Solyndra bankruptcy will pale compared to ensuing failures:

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