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Jane Richey / March 21, 2012

Gov’t Disastrous Manangement of Loan Guarantee Programs

Today the House Committee on Oversight and Government Reform, chaired by Rep. Darrell Issa (R-Calif.), released the full report on its investigation of the Department of Energy’s loan guarantee program. Readers of IER will not be surprised to learn that the report documents numerous abuses in the program, and concludes that the Solyndra debacle was not a lone “bad apple” spoiling an otherwise healthy program. In this post I’ll outline some of the report’s major findings.

Today the House Committee on Oversight and Government Reform, chaired by Rep. Darrell Issa (R-Calif.), released the full report on its investigation of the Department of Energy’s loan guarantee program. Readers of IER will not be surprised to learn that the report documents numerous abuses in the program, and concludes that the Solyndra debacle was not a lone “bad apple” spoiling an otherwise healthy program. In this post I’ll outline some of the report’s major findings.

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Filed Under: Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets Tagged With: House Committee on Oversight and Government Reform, loan guarantee program, Representative Darrell Issa, Solyndra

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