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  • More Loan Disasters Like Fisker and Solyndra Could Be On the Way

    09/02/2013 10:21:48 AM PDT · by SeekAndFind · 8 replies
    Pajamas Media ^ | 09/01/2013 | BECKY GRAEBNER
    The word on the street is that the Obama administration is ready to reignite the Department of Energy loan program for alternative vehicles. I think I’ve harped on Fisker Automotive, Vehicle Production Group and the battery-failure twins Solyndra and A123 Systems enough for you all to remember that each one of these flops received large loans from DOE… and failed to pay them back. The controversial loan program was taken offline by then department head Steven Chu two years ago. Well, it’s back. Chu’s successor, Ernest Moniz, is hoping that the department can jump-start the loan program again — and...