Investigations into the Solyndra scandal continue to unearth disturbing evidence about the Obama administration’s role in the decision to award a $535 million loan guarantee to the failed solar company, as well as in the subsequent restructuring of that loan agreement once it became clear the company was in trouble.
The House Energy and Commerce Subcommittee on Oversight and Investigations, which has been leading the investigative effort, hopes to shed more light on the case this Friday, when members will hear testimony from top Treasury Department officials. The subcommittee recently learned that Treasury, in addition to the Office of Management and Budget, had expressed concern over the Solyndra loan restructuring, and even raised questions about its legality.
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