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Energy Law

Sep. 16, 2011

House GOP grill officials over Solyndra

House Republicans accused the Obama administration Wednesday of engaging in crony capitalism by rushing through a $535 million loan guarantee for a favored Fremont-based solar company that later went bankrupt.

See Correction Below.

By Robert Iafolla

Daily Journal Staff Writer

WASHINGTON - House Republicans accused the Obama administration Wednesday of engaging in crony capitalism by rushing through a $535 million loan guarantee for a favored Fremont-based solar company that later went bankrupt.

Two administration officials defended the loan decision during a contentious hearing of the House Energy and Commerce Committee's ov...

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