Inspector general worried by Solyndra loan program

In a new report on “significant management challenges” facing the Department of Energy (DOE), the DOE’s Inspector General placed the loan guarantee program that produced the Solyndra debacle on a “watch list,” citing the taxpayers’ “exposure to risk” in loan guarantee deals.

“[T]his year we have added the Department’s Loan Guarantee Program to the watch list,” wrote DOE Inspector General (IG) Gregory Friedman. “Given the significance of the funds involved and the Government’s exposure to risk, we believe that heightened and continued focus on this program is necessary.”