As NewsBusters reported moments ago, a solar company the Obama administration loaned 535 million taxpayer dollars to as part of the 2009 stimulus plan filed for Chapter 11 bankruptcy Wednesday.

Although it's still too early to gauge how the rest of the president's fans in the media will cover this if at all, NBCBayArea.com reported the local event in a rather shocking fashion under the headline "Solyndra Filing a Disaster for Obama":

President Obama faces political catastrophe in the form of Solyndra -- a San Francisco Bay area solar company that he touted as a gleaming example of green technology. It has announced it will declare Chapter 11 bankruptcy. [...]