The anti-Solyndra: Ford's Energy Department loan
February 10th, 2012
07:19 PM ET
3 years ago

The anti-Solyndra: Ford's Energy Department loan

New York (CNNMoney) – The Energy Department's controversial loan program got some much needed help.

An independent audit, ordered by president Obama, said the DOE's loan program would cost the government $2.7 billion due to risk from defaults, a little less than the $2.9 billion in costs the energy department had predicted.

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Filed under: Energy • President Obama
soundoff (2 Responses)
  1. Four and The Door

    "Some technologies don't pan out; some companies fail," the president said during his State of the Union address. "But I will not walk away from the promise of clean energy."
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    Was he trying to help? This doesn't. Think about it. If he is investing American tax dollars, there had better be evidence that the investment is not a waste of money and regardless of whether or not clean energy is involved, if it's a bad deal I do hope he is smart enough to walk away. The nation's debt is $16 trillion. We need someone bright enough to know when to turn around and walk away.
    Romney 2012!

    February 10, 2012 07:37 pm at 7:37 pm |
  2. Larry L

    When you see an American car remember that Mitt Romney would have let those companies go under – while his money languished in foreign investments and offshore banks. Obama worked to save the American auto industry while Mitt counted his riches.

    February 10, 2012 08:22 pm at 8:22 pm |