Solyndra Collapsing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3,535,000,000 in loan guarantees to help them expand. a move the white house said would create at least 4,000 job jobs. 15 months later, solyndra was bankrupt. the f.b.i. raiding its office. now after 18 months of investigation, the gop majority stamp on the house energy and commerce committee has concluded it is clear doe should never have issued the loan guarantee to solyndra and they violated the plain language of the law when it restructured the terms of the loan guarantee. >> mr. liu and the white house owe the american people an explanation. >> in february 2011, jack liu was director of ...

Language of the law when it restructures the terms of the loan guarantee. >> the white house told the american people, they owe an explanation. >> in february of 2011, white house chief of staff jack lew was director of the office of management and budget. with solyndra collapsing, omb signed off on restructuring of the firm's loan and under the new terms if solyndra went bankrupt as the firm ultimately did. when it came time to dole out whatever money could be recovered from the wreckage, the taxpayers were to be placed second or is up boardnated to -- subordinated. the top executive, billion...