September 2, 2011

TRANSPARENCY: The Hill: GOP wants White House papers on loan to failed solar company.

House Republicans are demanding White House paperwork related to a $535 million loan guarantee to a solar company that filed for bankruptcy this week.

The Republicans are probing the White House role in the 2009 federal loan guarantee to Solyndra Inc., a California solar company that announced this week it is shutting down and filing for bankruptcy.

The shutdown is a bit of an embarrassment for the administration, as the company was the first selected to receive the loan guarantee under a new program. President Obama visited the company just more than a year ago to tout White House green energy efforts.

Ah, why get excited about a few hundred million when we’re busy squandering trillions?

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