
06-23-2015, 08:58 PM
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Join Date: Nov 2002
Location: Scottsdale, Arizona
Posts: 10,626
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http://www.slate.com/articles/business/the_juice/2015/06/peter_davidson_steps_down_from_energy_department_his_loan_program_was_responsible.html
Despite Solyndra, the program turned a profit.
The numbers are certainly far better than that. It looks like a very solid portfolio of loans to revenue-generating projects that have served as a catalyst for a vast new industry. And the program has not exhausted its authority. Since the beginning of 2014, it has approved $6.5 billion in loan guarantees to a nuclear project in Georgia and granted a conditional commitment to Alcoa for $259 million to help finance its efforts to use aluminum in autos.
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