This is worth posting as a follow up.
Exclusive Timeline: Bush Administration Advanced Solyndra Loan Guarantee for Two Years, Media Blow the Story
By Stephen Lacey and Climate Guest Blogger on Sep 13, 2011 at 11:10 am
by Stephen Lacey and Richard Caperton
It’s often claimed that the Solyndra loan guarantee was “rushed through” by the Obama Administration for political reasons. In fact, the Solyndra loan guarantee was a multi-year process that the Bush Administration launched in 2007.
You’d never know from the media coverage that:
1. The Bush team tried to conditionally approve the Solyndra loan just before President Obama took office.
2.The company’s backers included private investors who had diverse political interests.
3.The loan comprises just 1.3% of DOE’s overall loan portfolio. To date, Solyndra is the only loan that’s known to be troubled.
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