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  • Energy Department Official in Charge of Solyndra Loan Program to Step Down

    10/06/2011 2:13:58 PM PDT · by jazusamo · 20 replies
    Fox News ^ | October 6, 2011 | Staff
    The director of the controversial loan program that cleared the way for a $535 million taxpayer guarantee to bankrupt solar firm Solyndra is stepping down, the Energy Department confirmed Thursday. Jonathan Silver, head of the Loan Programs Office, plans to join the organization Third Way as a "distinguished visiting fellow." The career change comes in the middle of heavy scrutiny from Congress over the department's handling of the Solyndra agreement. Documents that have emerged over the past month show officials were warned about potential problems with the company as it sought government help. But the president on Thursday defended the...