After Solyndra failure, auditors wonder what other bad bets Obama officials made
The shuttering of a California solar panel maker that was backed by $535 million in federal loans is sparking concern about the tens of billions of dollars the Obama administration has so far invested in clean energy companies.
Government auditors are questioning whether the administration may have made other bad bets on clean energy.
Frank Rusco, a Government Accountability Office director who helped lead a review of the Solyndra loan and the Energy Department's loan guarantee program, said GAO remains "greatly concerned" by its 2010 finding that the agency agreed to back with loans five companies without properly assessing their failure risks. The companies were not identified in the report, but the agency has since acknowledged that Solyndra was one.
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Source: http://feeds.washingtonpost.com/click.phdo?i=d268134fbb94419d289517e299d4bd06
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