WH Scrambles to Close 15 ‘Green’ Loans

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God forbid the taxpayers get their money back…

As mandated by the stimulus bill, the Obama administration has until September 30 to “spend” all the funds allocated for the Department of Energy loans program, which guaranteed a $535 million loan to the now defunct solar company Solyndra. The program has already allocated about $8 billion so far, but has an additional $10 billion worth of loans in the works that must be finalized before the end of the month or the money will be reclaimed.

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