Energy Department Is No Venture Capitalist: Stephen L. Carter
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Sept. 29 (Bloomberg) -- It isn’t hard to predict how thecontroversy over defunct solar-panel maker Solyndra LLC willend. Congressional Republicans will in due course issue a finalreport decrying crony capitalism and demanding an end to thefederal program of loan guarantees to alternative energycompanies.
Democrats will respond with a dissent, concluding that norules were broken or even bent, but proposing, just in case, theaddition of a new layer of expensive bureaucratic overseers atopthe program.