The Phony Solyndra Scandal - NYTimes.com

The Phony Solyndra Scandal - NYTimes.com: "But if we could just stop playing gotcha for a second, we might realize that federal loan programs — especially loans for innovative energy technologies — virtually require the government to take risks the private sector won’t take. Indeed, risk-taking is what these programs are all about. Sometimes, the risks pay off. Other times, they don’t. It’s not a taxpayer ripoff if you don’t bat 1.000; on the contrary, a zero failure rate likely means that the program is too risk-averse. Thus, the real question the Solyndra case poses is this: Are the potential successes significant enough to negate the inevitable failures?"

'via Blog this'

Popular posts from this blog

Still a long road ahead for smart cities

How to Speak Up at Work

Crypto Money Laundering - Are we ready for this ?