Skip to comments.Loan-guarantee administrator departs Energy Dept. in latest Solyndra fallout
Posted on 10/06/2011 2:36:18 PM PDT by martosko
Jonathan Silver, administrator of the U.S. Department of Energys loan guarantee program, is resigning from his post.
Until now, Silver was the head of the DOEs Loan Programs office. That office oversaw the program that gave now-bankrupt Solyndra its $535 million loan guarantee. The transaction left taxpayers on the hook when the company failed.
Though President Barack Obama continues to tout solar energy as a boon for the future, Silvers resignation may signal that key Obama administration officials lack confidence in a strategy of subsidizing loan guarantees for companies in hat Obama calls the green jobs economy.
(Excerpt) Read more at thedc.com ...
Jonathan Silver under the bus. One down, thousands more to go. Don’t let the door bite ur butt on the way out.