Michael Liebreich, head of Bloomberg New Energy Finance, on Solyndra: "it was always a Hail Mary bet...frankly it never should have been debt-funded"

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I don’t want to mock Solyndra too much — good people came up with the idea and good people backed it — but it was always a Hail Mary bet. It was new technology, new form factor, new distribution channel — it was a multi-miracle business. And frankly it never should have been debt-funded. That was just a distortion of loan guarantees for early-stage technology companies. There were lots of mistakes made, but it’s not right to force it into the paradigm of the anti-dumping response.