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“DOE … has one loan to monitor and they seem completely oblivious to this issue,” an OMB analyst wrote April 2, 2010.

“What’s terrifying is that after looking at some of the other [loan-guarantee projects] that came next, this one [Solyndra] started to look better,” a budget analyst email said.

“Bad days are coming,” another OMB analyst wrote, referring to other shaky companies the Department of Energy was prepared to invest in as part of Mr. Obama’s loan-guarantee program.

As news stories proliferated about Solyndra and the president’s job approval polls sank further last month, Rep. Fred Upton, Michigan Republican and chairman of the House Committee on Energy and Commerce, and Rep. Cliff Stearns, Florida Republican and chairman of its investigating subcommittee, accused the White House of “stonewalling” its demands for further documents about the West Wing’s role in the scandal.

“What is the White House trying to hide from the American public?” they said in a statement last week, warning they will be forced to subpoena the requested documents if they are not forthcoming.

Last week, in an effort to blunt the GOP’s demands, White House Chief of Staff Bill Daley ordered a 60-day review to evaluate the administration’s entire $35 billion loan portfolio. That may be too little, too late. Insiders say that future loans may be in trouble as well.

Meantime, other internal White House emails show there was a growing fear within the Obama administration that Solyndra’s finances were weak when it was given the green light. Indeed, one unusually blunt White House email suggests that the Energy Department was woefully “ill-equipped” to make these kinds of investment decisions.

So hang on to your wallet. Look for more failed loans in the months to come.

Donald Lambro is a syndicated columnist and former chief political correspondent for The Washington Times.