TCS considers loan program "structurally flawed"
The Department of Energy created their "Loan Guarantee Program" in 2005. It provides federal support to spur commercial investments in clean energy. The Obama Administration expanded it in 2009 -- under the American Recovery and Reinvestment Act.
The DOE came under fire in 2011, when Solyndra filed for bankruptcy and defaulted on a $535 million loan guarantee.
Steve Ellis, president of Taxpayers for Common Sense, discussed the program on Capital Insider.