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Politics : The Solyndra Scandal -- Ignore unavailable to you. Want to Upgrade?


To: Hope Praytochange who wrote (178)10/16/2011 12:31:35 AM
From: joseffy  Respond to of 1400
 
........................Gary Burner, chief financial officer of Treasury's Federal Financing Bank.

After Solyndra defaulted on one of the terms of its loan in December, the Energy Department agreed to a restructuring plan, saying it would be the best option for taxpayers.

Energy Secretary Steven Chu has "broad authority to take action," according to the department's legal justification.

But Treasury officials felt the department should have sought an outside opinion. "I thought it would have been wise for them to go to the Department of Justice" to discuss the legalities of the restructuring plan, Burner told lawmakers.