Detailed text transcripts for TV channel - FOXNEWS - 20120713:09:34:00
>> the third recipient went bankrupt in 2011. that is true isn't it? >> it is. >> the 5th loan went bankrupt a few weeks ago. isn't that true? >> i am asking the questions, please. >> the obama administration has defended these kinds of loans saying new industries especially in some of these environmentally friendly energy companies need support to help get off the ground. republicans are pushing a no more solyndra act to prevent these kinds of loans in the future. the federal government has given out $16 billion in loan guarantees under this program. you do the math it comes out to almost $14...
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