{"id":13378,"date":"2012-03-12T17:11:53","date_gmt":"2012-03-12T21:11:53","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=13378"},"modified":"2012-03-12T17:11:53","modified_gmt":"2012-03-12T21:11:53","slug":"gao-says-energy-department-lacks-%e2%80%98internal-control%e2%80%99-over-loan-program","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/13378\/gao-says-energy-department-lacks-%e2%80%98internal-control%e2%80%99-over-loan-program\/","title":{"rendered":"GAO Says Energy Department Lacks \u2018Internal Control\u2019 Over Loan Program"},"content":{"rendered":"

Here’s some more deservedly bad news for the Energy Department bureaucrats that brought us at least 12 multi-million dollar loser loans<\/a> like the $535 million sinkhole known as Solyndra — a damning indictment from the Government Accountability Office summarized by The Hill<\/a>:<\/p>\n

The Government Accountability Office, in a new report<\/strong><\/a>, said it took Energy Department staff more than three months to provide data on the status of its loan guarantee applications.<\/p>\n

\u201cBecause it took months to assemble the information required for our review, it is also clear that the [Energy Department\u2019s loan office] could not be conducting timely oversight of the program,\u201d the report says.<\/p><\/blockquote>\n

With typical understatement, the GAO also concluded that the Energy Department\u2019s failed accounting for billions in taxpayer money \u201cis not consistent with one of the fundamental concepts of internal control\u201d.\u00a0 Sounds like it\u2019s time for Congress to exercise some external control to get things back to normal.<\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s some more deservedly bad news for the Energy Department bureaucrats that brought us at least 12 multi-million dollar loser loans like the $535 million sinkhole known as Solyndra — a damning indictment from the Government Accountability Office summarized by The Hill: The Government Accountability Office, in a new report, said it took Energy Department […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1920,195,3043],"class_list":["post-13378","post","type-post","status-publish","format-standard","hentry","category-posts","tag-accountability","tag-energy","tag-solyndra"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=13378"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13378\/revisions"}],"predecessor-version":[{"id":13382,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13378\/revisions\/13382"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=13378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=13378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=13378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}