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Another Bankruptcy Waiting To Happen

December 2, 2011

Via Washington Examiner

Another Obama bundler benefits from DOE loan

Abound Solar, given a $400 million Department of Energy (DOE) loan guarantee for a project expected to create 400 permanent jobs, receives private financial backing through an investment firm founded by a fundraising bundler for President Obama.

The Sunlight Foundation notes that Bohemian Companies, which was founded by billionaire and Obama bundler Pat Stryker, participated with other companies in the “second institutional equity round of financing” in 2008 for Abound Solar, which recieved $104 million total through that round of financing.

Stryker gave $50,000 to Obama’s inauguration, according to the Center for Responsive Politics, and raised a further $87,000 for the inauguration. Stryker has since donated $35,800 to the 2012 Obama Victory Fund, Sunlight reports.

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