GOP Slams $535M Federal Loan To Solyndra

Law360, New York (September 14, 2011, 6:31 PM EDT) -- Congressional Republicans berated a U.S. Department of Energy official and a top White House aide Wednesday for authorizing a $535 million stimulus loan to now-bankrupt solar cell maker Solyndra LLC, claiming they rushed through the review process for political purposes.

Republican lawmakers grilled Department of Energy loan chief Jonathan Silver and Office of Management and Budget Deputy Director Jeffrey Zients on whether the Obama administration granted the loan because of campaign donations or to promote the success of the American Recovery and Reinvestment Act.

The Obama...
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