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Chu Told Obama Loans Were Sound Before Solyndra Bankruptcy

U.S. Energy Secretary Steven Chu told President Barack Obama in mid-2011 that loans in the department’s clean-energy program were sound, two months before the bankruptcy of recipient Solyndra LLC.

A draft prepared by Energy Department officials for Chu to brief Obama on June 27, 2011, also pushed to continue the program, slated to expire three months later, according to documents released today by the Republican-led House Committee on Oversight and Government Reform.