Solyndra and the Department of Energy Loan Guarantee Program: House Hearings on Stimulus Funding for Solar Energy Company
()
Currently unavailable
Currently unavailable
About this ebook
On September 14, 2011, the House Subcommittee on Oversight and Investigations of the Energy and Commerce Committee held a hearing entitled “Solyndra and The DOE Loan Guarantee Program.” Here is a full reproduction of the published material from that hearing, with statements by the Subcommittee chairman, Cliff Stearns and Committee chairman Fred Upton; the internal memorandum from the Investigations staff; backup material including email excerpts from the DOE regarding the loan guarantee; statement by Jeffrey D. Zients, Deputy Director for Management, Office of Management And Budget; testimony of Jonathan Silver, Executive Director Loan Programs Office, U.S. Department of Energy; and supplemental White House material including comments by Press Secretary Jay Carney.
The opening statement by Fred Upton reads:
"In 2009, Solyndra was the first company to receive a Department of Energy loan guarantee funded with stimulus dollars. Just two years after getting $535 million in taxpayer dollars, and being touted by President Obama as a model for how the government's venture capital program in green technology should work, the company has filed for bankruptcy and been raided by the FBI. We started looking into the DOE Loan Guarantee program and Solyndra's deal in February. Some questioned the basis for this investigation. After four months of wrangling with the Obama Administration to produce relevant documents, the Committee was forced to issue a subpoena to OMB. I think Solyndra's recent bankruptcy filing and last week's FBI raid clearly show that the Committee was more than justified in its scrutiny of this deal. Pursuant to our oversight functions, we have an important responsibility to pursue answers regarding the use of the taxpayer's money. Our investigation raises several questions about whether the Administration did everything it could to protect taxpayer dollars. Why did the Administration think Solyndra was such a good bet? Why did the Administration push ahead with restructuring the Solyndra guarantee this year, when some in the government voiced serious concerns about the commercial viability of the company? Why did DOE and OMB allow the government to be subordinated to the private investors, in apparent violation of the law?"
This is a privately authored news service and educational publication of Progressive Management.
Progressive Management
Progressive Management: For over a quarter of a century, our news, educational, technical, scientific, and medical publications have made unique and valuable references accessible to all people. Our imprints include PM Medical Health News, Advanced Professional Education and News Service, Auto Racing Analysis, and World Spaceflight News. Many of our publications synthesize official information with original material. They are designed to provide a convenient user-friendly reference work to uniformly present authoritative knowledge that can be rapidly read, reviewed or searched. Vast archives of important data that might otherwise remain inaccessible are available for instant review no matter where you are. The e-book format makes a great reference work and educational tool. There is no other reference book that is as convenient, comprehensive, thoroughly researched, and portable - everything you need to know, from renowned experts you trust. Our e-books put knowledge at your fingertips, and an expert in your pocket!
Related to Solyndra and the Department of Energy Loan Guarantee Program
Related ebooks
A Brief History of Doom: Two Hundred Years of Financial Crises Rating: 4 out of 5 stars4/5The Little Bond eBooklet Rating: 5 out of 5 stars5/5Navigating the Mortgage Modification Mess ¡V a Cautionary Tale: A Cautionary Tale Rating: 0 out of 5 stars0 ratingsUs National Debt Recovery: A Program Proposal Rating: 0 out of 5 stars0 ratingsPersonal Flood Insurance Coverage Guide Rating: 0 out of 5 stars0 ratingsDirectors and Officers Liability: Exposures, Risk Management and Coverage, 2nd Edition Rating: 0 out of 5 stars0 ratingsRegulation A+ and Other Alternatives to a Traditional IPO: Financing Your Growth Business Following the JOBS Act Rating: 0 out of 5 stars0 ratingsCanadian Insolvency Guide Rating: 0 out of 5 stars0 ratingsThe Securitization Markets Handbook: Structures and Dynamics of Mortgage- and Asset-backed Securities Rating: 0 out of 5 stars0 ratingsDebt for Sale: A Social History of the Credit Trap Rating: 5 out of 5 stars5/5More Mortgage Meltdown: 6 Ways to Profit in These Bad Times Rating: 0 out of 5 stars0 ratingsFinTech Rising: Navigating the maze of US & EU regulations Rating: 5 out of 5 stars5/5Lawyering In-house I Did It and So Can You Rating: 0 out of 5 stars0 ratingsCredit Repair: Make a Plan, Improve Your Credit, Avoid Scams Rating: 4 out of 5 stars4/5Understand Financial Crisis Rating: 0 out of 5 stars0 ratingsThe Secret of Real Estate Revealed Rating: 0 out of 5 stars0 ratingsInvesting in the Renewable Power Market: How to Profit from Energy Transformation Rating: 0 out of 5 stars0 ratingsUnderstanding Headlines: Business News Rating: 0 out of 5 stars0 ratingsThe Federal Contracting Playbook: How to Win Business Using the Inside Track Framework for Innovators Rating: 0 out of 5 stars0 ratingsInternational Taxation in America: 2011 Edition Rating: 0 out of 5 stars0 ratingsTrapped: When Acting Ethically Is Against the Law Rating: 0 out of 5 stars0 ratingsInside Stories 2014 Rating: 2 out of 5 stars2/5The American Tax Dollar & Bailouts: 2011 Taxes, Liquidity, & Bailouts of American Business & Government Rating: 0 out of 5 stars0 ratings2024 ERISA Facts Rating: 0 out of 5 stars0 ratingsHow to Get Out of Debt ... and stay out forever Rating: 0 out of 5 stars0 ratingsCorrupt Practice Rating: 0 out of 5 stars0 ratingsStop! Illegal Predatory Lending: A Self-Help Guide Rating: 0 out of 5 stars0 ratingsBetter Bankers, Better Banks: Promoting Good Business through Contractual Commitment Rating: 0 out of 5 stars0 ratingsPerpetuating American Greatness After the Fiscal Cliff: Jump Starting Gdp Growth, Tax Fairness and Improved Government Regulation Rating: 0 out of 5 stars0 ratings
Politics For You
On Palestine Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5The Devil's Chessboard: Allen Dulles, the CIA, and the Rise of America's Secret Government Rating: 5 out of 5 stars5/5The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health Rating: 4 out of 5 stars4/5The Republic by Plato Rating: 4 out of 5 stars4/5The Madness of Crowds: Gender, Race and Identity Rating: 4 out of 5 stars4/5Son of Hamas: A Gripping Account of Terror, Betrayal, Political Intrigue, and Unthinkable Choices Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5How to Hide an Empire: A History of the Greater United States Rating: 4 out of 5 stars4/5Fear: Trump in the White House Rating: 4 out of 5 stars4/5The Cult of Trump: A Leading Cult Expert Explains How the President Uses Mind Control Rating: 3 out of 5 stars3/5The Gulag Archipelago [Volume 1]: An Experiment in Literary Investigation Rating: 4 out of 5 stars4/5This Is How They Tell Me the World Ends: The Cyberweapons Arms Race Rating: 4 out of 5 stars4/5Gaza in Crisis: Reflections on the U.S.-Israeli War on the Palestinians Rating: 4 out of 5 stars4/5The Parasitic Mind: How Infectious Ideas Are Killing Common Sense Rating: 4 out of 5 stars4/5The End of the Myth: From the Frontier to the Border Wall in the Mind of America Rating: 4 out of 5 stars4/5The Great Reset: And the War for the World Rating: 4 out of 5 stars4/5A Letter to Liberals: Censorship and COVID: An Attack on Science and American Ideals Rating: 3 out of 5 stars3/5The Anarchist Cookbook Rating: 2 out of 5 stars2/5The Girl with Seven Names: A North Korean Defector’s Story Rating: 4 out of 5 stars4/5The Essential Chomsky Rating: 4 out of 5 stars4/5The Humanity Archive: Recovering the Soul of Black History from a Whitewashed American Myth Rating: 4 out of 5 stars4/5Daily Stoic: A Daily Journal On Meditation, Stoicism, Wisdom and Philosophy to Improve Your Life Rating: 5 out of 5 stars5/5Blackout: How Black America Can Make Its Second Escape from the Democrat Plantation Rating: 4 out of 5 stars4/5Disloyal: A Memoir: The True Story of the Former Personal Attorney to President Donald J. Trump Rating: 4 out of 5 stars4/5American Carnage: On the Front Lines of the Republican Civil War and the Rise of President Trump Rating: 4 out of 5 stars4/5Freedom Is a Constant Struggle: Ferguson, Palestine, and the Foundations of a Movement Rating: 4 out of 5 stars4/5
Reviews for Solyndra and the Department of Energy Loan Guarantee Program
0 ratings0 reviews