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Energy Department chief hails Solyndra loan program as 'terrific success'
#1
Energy Department chief hails Solyndra loan program as 'terrific success' DO THESE PEOPLE THINK WE ARE THIS STUPID? HOW CAN YOU CALL THIS SUCCESS?
By Joel GehrkePublished October 01, 2013
Energy Secretary Ernest Moniz dismissed the "controversy" surrounding the loan program that gave taxpayer funding to a now-bankrupt solar energy company, calling the program "a terrific success" despite the high-profile bankruptcies.

"The loan guarantee program has had some controversy. Let me say flatly: It's been a terrific success, and a $35 billion loan portfolio has had two percent of defaults, 10 percent of the reserve fund that the Congress itself put aside for what is advancement of risky technologies," Moniz told reporters on C-SPAN's "Newsmakers."

"Utility-scale solar energy, for example, has been an enormous beneficiary of that, where the department's initial loan guarantees got the first projects going. Since then, 10 large projects have gone forward with completely private financing," he said.
http://www.foxnews.com/politics/2013/10/...c-success/
das, proud to be a member of pa2a.org since Sep 2012.
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#2
It was a great success, their goal was to steal millions of dollars and they succeeded.
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