Head of Energy Department loan program steps down amid Solyndra controversy

[The Northerner]

Source: Washington Post

The head of the Energy Department’s controversial loan guarantee program has decided to step down, department officials confirmed to The Washington Post on Thursday.

Jonathan Silver, who was named executive director of DOE’s Loan Programs Office in November 2009, has come under fire from congressional Republicans since the solar manufacturer Solyndra declared bankruptcy on Aug. 31 after receiving a $535 million federal loan guarantee. While DOE made the initial loan to Solyndra before Silver took the program’s helm — a point he made repeatedly during his congressional testimony last month — he remained the administration’s point person for the embattled initiative.

Energy Secretary Steven Chu said in a statement on Thursday that Silver had informed him in July, when it was clear that no significant new funds were being budgeted for the loan program, that he would leave at the end of the fiscal year.

The program’s authorization expired on Friday: On its last day the agency committed an additional $4.7 billion in loan guarantees to support four major clean-technology projects across the country.

Read more: http://www.washingtonpost.com/national/health-science/jonathan-silver-head-of-doe-loan-guarantee-program-to-step-down/2011/10/06/gIQAzQmlQL_story.html

[benld74]

1. I thought I heard a bus coming on this one,,,,,,,

[IamK]

3. unfortunately its the tip of the iceberg....

unless the repugs back off.....

[Major Hogwash]

2. Good on him.

Fall on the sword now and give the bloodthirsty Republicans what they want, someone's head to roll.

Now we can move on.

[Psephos]

4. The pugs won't be backing off, and we won't be moving on. n/t

[No Elephants]

6. Do you really think he had the final word on a loan of $528 million?

If not, why are you so approving that he lose his job over it?

Is any and every injustice okay anymore, as long as we imagine Obama is protected?


"Silver has held his post since November 2009, roughly two months after the DOE finalized its $535 million loan guarantee to the troubled California solar manufacturer.

Read more: http://www.politico.com/news/stories/1011/65370.html#ixzz1a6ZsnhnX

[Major Hogwash]

7. He was leaving his job shortly anyway.

Read the article, he wasn't going to stay.

[No Elephants]

5. Well, now we know where this buck stops.

Over half a billion and the department head did not have to okay it, let alone the WH?

The guy who was not even there until two months AFTER the loan was finalized is the only one to take a fall?

Kree-ist!

Pass the $16 muffins, please. (I finished my peas long ago.)

[Major Hogwash]

8. The muffins weren't $16. Do you get your news and views from Faux Snooze??

Have some more pees.
Because that's all you're doing is whining and pissing and moaning and pissing and moaning.
Every day.