Friday, October 7, 2011

Energy loans official leaves in wake of Solyndra

Musical chairs and the looting of the nation continues!

Jonathan Silver, a venture capitalist who had also worked for the Clinton administration, was leaving because the loan program had allocated all its funding, Energy Secretary Steven Chu said.
Silver's resignation comes, however, as Republicans in Congress probe the White House's role in backing government loans given to Solyndra, a California solar panel maker, in 2009.
Solyndra filed for bankruptcy in August, and is under investigation by the FBI.

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