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  • Good Money After Bad

    09/30/2011 8:35:26 AM PDT · by afraidfortherepublic · 7 replies
    Powerline ^ | 9-30-11 | John Hinderaker
    The Washington Post reported yesterday that Secretary of Energy Steven Chu gave Solyndra more taxpayer money even after Solyndra was in default on the government’s $535 million loan guarantee: Energy Secretary Steven Chu acknowledged Thursday making the final decision to allow a struggling solar company to continue receiving taxpayer money after it had technically defaulted on a $535 million federal loan guaranteed by his agency. Chu spokesman Damien La­Vera said in a statement that the secretary approved the restructuring agreement for Solyndra because it gave the company “the best possible chance to succeed in a very competitive marketplace and put...