“As currently drafted, the bill leaves $34 billion in loan guarantees on the table for projects ranging from coal and nuclear to biofuels and solar. Because these projects were vetted through the same flawed process as Solyndra, this bill could easily lead to billions in defaulted projects. Sensing an opportunity to embarrass Republicans, Rep. Ed Markey (D-MA) offered an amendment that would have completely ended the Title 17 loan guarantee program. Most of the committee’s Republicans promptly embarrassed themselves by joining all Democrats in voting down the amendment 3-39.”
http://www.cato-at-liberty.org/no-more-solyndras-not-quite/
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