31 Oct '11, 5pm

Trick and Treat: Energy loans under review, as Hallowe’en looms: Filed under: Energy News

The Obama Administration got tricked, and handed out some bad energy loan candy. Turns out that the Washington press corps, and House Republicans, were asleep on the job, too. Until the money ran out, that is. We’re not sure if there’s been any more perfect timing for an Obama Administration announcement, than the news that it will start up an investigation of the DOE loan guarantee program just as Hallowe’en weekend got underway. Hallowe’en, is of course, the time of disguise, the celebration of the macabre, and the ghostly return of the dead to haunt you. Not a bad description, overall, for the Solyndra loan. But there was substantial evidence that the loan guarantee process was fundamentally broken , over two years ago. “Today,” announced White House chief of staff Bill Daley, “we are directing that an independent analysis be conducted of the current state of the Depart...

Full article: http://www.altenergystocks.com/archives/2011/10/trick_and...

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