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Administration grilled on Solyndra loan
Who’s to blame for debacle, lawmakers ask
Obama administration officials refused to say Wednesday whether anybody would be fired over the decision to award solar-panel manufacturer Solyndra LLC a half-billion dollars in loansbefore it went bankrupt and saw its headquarters raided by the FBI.
During a hearing in which two top administration officials defended the $535 million loan deal to Solyndra in 2009, Republicans on the House Energy and Commerce Committee questioned whether Americans could expect any government officials to be fired. The FBI raided the company after it filed for bankruptcy last week.
The committee also raised questions about whether the loan deal came about because of political influence, highlighting an email that they said showed how the White House was trying to hurry a loan approval so Vice President Joseph R. Biden could announce the deal in 2009.
Rep. Henry A. Waxman of California, the committee’s ranking Democrat, also noted during the hearing that the company’s investors included Madrone Capital Partners, which has ties to Wal-Mart’s Walton family, which has often backed Republicans.
“What do you do for a living?” an angry Mr. Murphy asked.
“We work to the fullest of our capabilities, congressman,” Mr. Silver replied.
“I’m saying we are doing the best job we know how to do,” Mr. Silver said, declining to answer the question.
The other top official who testified at the hearing, Jeffrey Zients, deputy director of the Office of Management and Budget, told the committee that neither he nor his staff met or talked with Mr. Kaiser. White House records show that in March 2009, Mr. Kaiser met with Jason Furman, who was then deputy director of the White House's National Economic Council.
The hearing Wednesday came amid reports that the Treasury Department’s office of inspector general also is investigating the loan deal.
Company executives busy
Solyndra became the first company to get a Department of Energy loan guarantee through the stimulus program, and it was hailed as an example of job creation and clean-energy technology by the White House. Both Mr. Zients and Mr. Silver said they didn’t know why Solyndra was raided by the FBI last week.
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About the Author
- Feds bailed on promising solar panel maker Solaria after debacle over Solyndra
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