President’s appointees told to account for vanishing half-billion

There are a few in the federal government yet for whom half a billion dollars or more is not something to be ignored.

That’s why Rep. Cliff Stearns, R-Fla., is demanding answers from some of the officials in Barack Obama’s administration about how some $535 million in loan guarantees were given to a company that now has declared bankruptcy.

And specifically, why was the promise of those guarantees renegotiated earlier this year to give private investors including some Obama supporters in the California-based Solyndra, a maker of solar heat system components, a priority over taxpayers should the company collapse, as it has.



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