Bush admin declined to approve Solyndra loan

As I noted earlier, the Obama administration officials testifying on the $535 million loan guarantee to bankrupt solar panel manufacturer Solyndra are attempting to place responsibility for the flawed due diligence work on the Bush administration.

Rep. Cliff Stearns, who chairs the House Energy and Commerce committee’s oversight panel that is investigating the Solyndra loan guarantee, questioned testimoney by Jonathan Silver, director of the Department of Energy, by noting an email that was sent at the end of the Bush administration calling a loan to Solyndra premature.