Solyndra update

The White House gave the Treasury Department just one day to review the federal government’s ill-fated loan to Solyndra:

The U.S. Treasury Department was given one day to review Solyndra LLC’s $535 million U.S. loan guarantee after learning the Energy Department was ready to announce the award, according to a Treasury audit.

While Treasury staff say they had enough time to review the loan, internal e-mails cast doubt on whether staff suggestions were addressed by the Energy Department, the Treasury’s Inspector General’s Office said yesterday in the report.

Officials in the White House’s Office of Management and Budget told the Treasury Department that the announcement of a conditional commitment to Solyndra was imminent. The department had one day to review the terms of the guarantee to accommodate an Energy Department press release.

(Previous post.)

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