Tom Nelson: Solyndra e-mails: Dept. of Energy was poised to approve *another* $469 million for firm

Solyndra e-mails: Dept. of Energy was poised to approve *another* $469 million for firm

Solyndra: House seeks more Obama White House emails, as revelations continue – The Washington Post

The Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.

The Energy Department was actively pushing to provide the second loan guarantee to the troubled solar-panel manufacturer in April and May 2010, when Solyndra’s auditors warned the company was in danger of closing due to its rapidly mounting debts and expenses, according to complete e-mails just released by a House committee investigating the original loan.

(Tom Nelson)

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