The Solyndra loan guarantee was a multi-year process that the Bush Administration launched in 2007.
The Bush team tried to conditionally approve the Solyndra loan just before President Obama took office.
The loan guarantee has been attacked as being political in nature. What critics don’t mention is that one of the earliest and largest investors, Madrone Capital Partners, is funded by the family that started Wal-Mart, the Waltons. The Waltons have donated millions of dollars to Republican candidates over the years.
Clean Technica (http://s.tt/13giD)March 2011: Republican Representatives complain that DOE funds are not being spent quickly enough.
The Solyndra deal started under the Bush Administration, which tried to conditionally approve the loan right before Obama took office. Rather than “pushing funds out the door too quickly,” the Obama Administration restructured the original loan when he came into office to further protect the taxpayers’ investment.
Clean Technica (http://s.tt/13giD)
The $535 million loan is only 1.3% of DOE’s loan portfolio. To date, Solyndra is the only loan that’s known to be troubled.
Clean Technica (http://s.tt/13giD)
Clean Technica (http://s.tt/13giD)The $535 million loan is only 1.3% of DOE’s loan portfolio. To date, Solyndra is the only loan that’s known to be troubled.
Clean Technica (http://s.tt/13giD)
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