TCS considers loan program "structurally flawed"

June 13, 2012 - 01:00 PM
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The Department of Energy created their "Loan Guarantee Program" in 2005. It provides federal support to spur commercial investments in clean energy. The Obama Administration expanded it in 2009 -- under the American Recovery and Reinvestment Act.

The DOE came under fire in 2011, when Solyndra filed for bankruptcy and defaulted on a $535 million loan guarantee.

Steve Ellis, president of Taxpayers for Common Sense, discussed the program on Capital Insider.

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