Treasury Department: Solyndra Loan Was Rushed

After months of testimony from various administration officials claiming that Solyndra received its loan Department of Energy Loan on merit, a new report says the Solyndra loan was rushed. A U.S. Department of Treasury audit released yesterday states it only had one day to complete its review of the $535 million loan guarantee before being rushed out the door by the Department of Energy to accommodate its press release announcing the administrations progress in funding green energy.

Bloomberg: “Treasury Officials Given One Day To Review U.S. Solyndra Loan”

Politico: “Audit: Review Of Solyndra ‘Rushed’”

The Hill: “Treasury Report Calls Solyndra Loan Review ‘Rushed’”

National Review Online: “Treasury Audit: Solyndra Was A Rush Job”