House Republicans accused the White House Thursday of blocking the release of documents on the failed half-billion loan to solar panel maker Solyndra LLC, the California company once hailed as a darling of the stimulus program.
A California solar panel manufacturer that received a half-billion-dollar loan from the federal government before declaring bankruptcy says it's been unable to attract much interest from buyers willing to take over its operations.
Department of Energy Secretary Steven Chu denied playing politics in his handling of a failed half-billion-dollar loan to solar panel maker Solyndra LLC, days after newly released emails showed his department sought to delay bad news about the company until after the 2010 mid-term elections.
The Department of Energy pushed "very hard" for failed solar panel maker Solyndra LLC to delay announcing layoffs until after the Nov. 2, 2010, midterm elections, contradicting claims that politics played no role in the administration's handling of the now-bankrupt company.
The White House is dismissing new email evidence in the Solyndra investigation as trumped-up and "cherry-picked."
New developments in the congressional probe into failed solar panel maker Solyndra LLC shed light on what Republicans are calling the close relationship between the White House and an Oklahoma billionaire donor whose foundation was deeply invested in the company.
Gambling is a risky proposition - but not when playing with loaded dice. That's what Solyndra's private investors were handed when the Energy Department guaranteed they'd have first dibs on compensation if the firm went belly up. This unfairly shifted the peril of investing in an uneconomical solar-panel scheme onto the backs of taxpayers. We're the ones stuck with the $535 million bill.
The top Republican and Democratic members of a House subcommittee investigating the collapse of bankrupt solar panel maker Solyndra LLC after it received more than a half billion dollars in federal loans agreed Friday to seek the testimony of Department of Energy Secretary Steven Chu.
The demise of Solyndra, the bankrupt solar panel company showered with more than a half-billion dollars in stimulus loans, exposes the fatal flaw of President Obama's jobs plans.