The Obama Administration Planned a Second Loan for Solyndra

by Pejman Yousefzadeh on October 6, 2011

Yup. You read that right:

Newly released e-mails show the Obama administration’s Energy Department was poised to give Solyndra a second taxpayer loan of $469 million last year, even as the company’s financial situation grew increasingly dire.

The department was still considering providing the second loan guarantee to the solar-panel manufacturer in April and May 2010, at a time when Solyndra’s auditors were already warning that the company was in danger of collapsing.

But don’t worry. Solyndra really isn’t a big deal.

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