Solyndra’s Refinancing Would Have Given U.S. a 40% Stake
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President Barack Obama’s administration considered a plan to save Solyndra LLC that would have left the U.S. with as much as 40 percent equity and two seats on the company’s board, according to e-mails.
The administration documents were sent yesterday to a Republican-led House Energy and Commerce Committee panel, which is investigating a $535 million federal loan guarantee to the California solar manufacturer that filed for bankruptcy in September. The panel voted along party lines at a meeting today to subpoena internal White House communications on Solyndra.