About: Solyndra loan controversy   Sponge Permalink

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The Solyndra loan controversy is a political controversy involving U.S. President Barack Obama's administration's authorization of a $535 million loan guarantee to Solyndra Corporation in 2009 as part of a program to spur alternative energy growth. In early September 2011 the company ceased all business activity, filed for Chapter 11 bankruptcy, and laid off nearly all of its employees. The treasury is not expected to recover much of the money.

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  • Solyndra loan controversy
rdfs:comment
  • The Solyndra loan controversy is a political controversy involving U.S. President Barack Obama's administration's authorization of a $535 million loan guarantee to Solyndra Corporation in 2009 as part of a program to spur alternative energy growth. In early September 2011 the company ceased all business activity, filed for Chapter 11 bankruptcy, and laid off nearly all of its employees. The treasury is not expected to recover much of the money.
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Page
  • Solyndra loan controversy
substed
  • yes
Day
  • 6(xsd:integer)
Month
  • June
Timestamp
  • 20120606052724(xsd:double)
Year
  • 2012(xsd:integer)
abstract
  • The Solyndra loan controversy is a political controversy involving U.S. President Barack Obama's administration's authorization of a $535 million loan guarantee to Solyndra Corporation in 2009 as part of a program to spur alternative energy growth. In early September 2011 the company ceased all business activity, filed for Chapter 11 bankruptcy, and laid off nearly all of its employees. The treasury is not expected to recover much of the money. Critics claimed that the Obama administration had unduly influenced awarding the loan guarantee. Others have noted that the Solyndra loan guarantee process was a multi-year process begun during the George W. Bush Administration.
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