Did I Forget To Mention "Regime Uncertainty"?

Instapundit » Blog Archive » OOPS: Solyndra Filing A Disaster For Obama. “Wow, which radical right-wing deathbeast Obama-hating…: "Reader Patrick Kelly writes:
I read the WaPo article on Solyndra. This quote from Solyndra’s CEO really stood out:

“This was an unexpected outcome and is most unfortunate,” Solyndra chief executive Brian Harrison said in a statement. “Regulatory and policy uncertainties” made it impossible to raise capital to quickly rescue the operation, he said.

I guess that’s what you get when you dance with the devil. The same government that can take other people’s money to make your company work can also regulate your company to the point where you can’t raise capital from any other source.

Oft evil will shall evil mar.

Posted by Glenn Reynolds at 8:28 am"

... Die by the sword.

UPDATE: Wowee:

Total losses for Solyndra — the company which President Obama touted as the future of Green Jobs — may exceed a billion dollars. GigaOm says the debacle could be the biggest VC loss in history. “When hip cell phone startup Amp’d Mobile went bankrupt back in 2007, the company lost its venture capital investors about $360 million. When solar maker Solyndra files for bankruptcy (they’re aiming for next week) it could lose close to three times that amount, or a big chunk of its VC backers $1.1 billion (we’ll see how much any assets go for). That could make it the largest equity loss for venture capitalists in history.”

The power O disaster.