Chu, Republicans square off on Solyndra loan

posted by
November 17, 2011
Reuters [UK]    
Posted in News, PND News

"Republicans probing how a now-bankrupt solar panel company received a $535 million federal loan guarantee excoriated Energy Secretary Steven Chu on Thursday for his decisions on Solyndra at a hearing packed with media and spectators. Solyndra was once held up by President Barack Obama, Chu and other top administration officials as a model of how they wanted to promote green energy and spur job growth. But Republicans on the House of Representatives Energy and Commerce committee said the loan was rushed, poorly monitored and overhyped." (11/17/11)  

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