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Energy Department Is No Venture Capitalist: Stephen L. Carter

Sept. 29 (Bloomberg) -- It isn’t hard to predict how the controversy over defunct solar-panel maker Solyndra LLC will end. Congressional Republicans will in due course issue a final report decrying crony capitalism and demanding an end to the federal program of loan guarantees to alternative energy companies.

Democrats will respond with a dissent, concluding that no rules were broken or even bent, but proposing, just in case, the addition of a new layer of expensive bureaucratic overseers atop the program.