At long last, Energy Secretary Steven Chu will testify Thursday morning before the House Energy and Commerce Subcommittee on Oversight and Investigations to discuss his role in the failed Solyndra loan guarantee. Chu has a lot of explaining to do, as the decision to prop up the politically connected solar company, and then to restructure its loan to protect private investors rather than the federal government, could end up costing taxpayers more than half a billion dollars. A few questions:
1. What impact did the changes you made to the Department of Energy loans program have on the DOE’s ability to ensure that Solyndra’s loan application was, in your own words, “subject to proper, rigorous scrutiny”?
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