September 20, 2011

The Sept 18 editorial “Capitalizing on ‘venture socialism’ ” compared ThromboVision’s going bankrupt after receiving $1.5 million in taxpayer dollars to Solyndra’s going bankrupt after receiving a $535 million taxpayer-guaranteed loan. In other words, the editorial compared a $1.5 million mistake with a $535 million mistake.

The loss in the Solyndra case is 356.67 times greater than the loss in the ThromboVision case. That difference is akin to the difference between creeping along at 1.5 mph and flying at 535 mph. There’s no comparison.

You don’t gamble with money you can’t afford to lose. I’m sure Texas’s treasury could afford to lose $1.5 million trying to help ThromboVision more than the U.S. Treasury could afford to lose $535 million trying to help Solyndra.

Bill Scanlon, Ellicott City