GOP Report Slams White House Over $535M Solyndra Loan

Law360, New York (August 2, 2012, 4:22 PM EDT) -- House Republicans unveiled their final report Thursday on the $535 million loan guarantee the Obama administration issued to now-bankrupt solar manufacturer Solyndra LLC, concluding officials broke the law during the loan’s restructuring and arguing the company never should have received federal assistance.

“Solyndra should stand as a cautionary tale of what happens when an administration ties itself to a project so closely that it becomes the poster child of its signature economic policy,” Republicans said in the report. “When that project fails, interests other than the...
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