To the Point
Was Solyndra a "Clean Energy" Boondoggle?
As "Occupy" protesters filled streets in New York, Los Angeles and other cities, Congress was bearing down on the federally guaranteed loan to Solyndra .
By Warren Olney • • 1 min readAs "Occupy" protesters filled streets in New York, Los Angeles and other cities, Congress was bearing down on the federally guaranteed loan to Solyndra. At a Congressional hearing, House Republicans interrogated Energy Secretary Steven Chu, a Nobel Prize-winning physicist, about the half-billion federal dollars spent on the solar-panel company before it collapsed. Solyndra, a California maker of high-tech solar panels, was personally endorsed by President Obama and Vice President Biden. It received a half-billion dollar federally guaranteed loan from Chu's department before going bankrupt and firing all of its 1100 employees. Did a billionaire fundraiser have undue influence with the Obama Administration? Is it a bad idea for government to pick winners? Are Republicans hypocritical to attack Solyndra when they've asked federal support for similar projects in their own Congressional districts?
The full episode
2 of 3
Energy Secretary Steven Chu Faces Congress on Solyndra- 0:00Occupy Wall Street's 'Day of Action'
- 7:32Was Solyndra a "Clean Energy" Boondoggle?You’re reading this
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The full episode
2 of 3Energy Secretary Steven Chu Faces Congress on Solyndra- 0:00Occupy Wall Street's 'Day of Action'
- 7:32Was Solyndra a "Clean Energy" Boondoggle?You’re reading this
- 41:56Siga Technology's Multi-Million Dollar Smallpox Drug Deal