{"id":13525,"date":"2012-03-24T08:52:55","date_gmt":"2012-03-24T12:52:55","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=13525"},"modified":"2012-03-24T08:52:55","modified_gmt":"2012-03-24T12:52:55","slug":"more-solyndras-in-energy-department-loan-scandal","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/13525\/more-solyndras-in-energy-department-loan-scandal\/","title":{"rendered":"More Solyndras in Energy Department Loan Scandal?"},"content":{"rendered":"<p>The <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702303812904577297511300601688.html\" target=\"_blank\">Wall Street Journal<\/a> reports that of the 32 loans made under the Energy Department\u2019s renewable energy loan program, 10 have been put on an internal watch list for being \u201chigh risk investments\u201d.\u00a0 Though the Department redacted the identities of the companies on the list, at least one is Solyndra, the failed California solar panel company that went bankrupt last year, and left taxpayers with over $535 million in losses.<\/p>\n<p>The Journal indicates that another member of the watch list may be Prologis Inc., a company approved for $1.4 billion in federal loans about six months ago.\u00a0 Now, the firm says it won\u2019t meet an upcoming deadline.<\/p>\n<p>Here\u2019s why:<\/p>\n<blockquote><p>Prologis originally intended to use Solyndra&#8217;s solar panels. Energy Secretary Steven Chu intervened last summer to help move the loan forward and called the Prologis project &#8220;remarkable&#8221; when it closed Sept. 30.<\/p><\/blockquote>\n<p>What\u2019s remarkable is that Chu\u2019s name isn\u2019t on a White House watch list for seriously mismanaging billions in taxpayer money on failed ventures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Wall Street Journal reports that of the 32 loans made under the Energy Department\u2019s renewable energy loan program, 10 have been put on an internal watch list for being \u201chigh risk investments\u201d.\u00a0 Though the Department redacted the identities of the companies on the list, at least one is Solyndra, the failed California solar panel [&hellip;]<\/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":[195,56,2456,3043,61,3108],"class_list":["post-13525","post","type-post","status-publish","format-standard","hentry","category-posts","tag-energy","tag-government","tag-loan","tag-solyndra","tag-spending","tag-steven-chu"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13525","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=13525"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13525\/revisions"}],"predecessor-version":[{"id":13529,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13525\/revisions\/13529"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=13525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=13525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=13525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}