the documents demonstrate that when doe was reviewing the solyndra guarantee in 2009, it was well aware of the financial problems the deal posed. what the documents also show is that the rush to push out stimulus dollars may have impacted the depth and quality of doe and omb s review. reporter: but the obama administration officials push back that it of the bush white house that was first to consider loaning money to solyndra and that the review process was not rushed, they say. take a listen: i was not at the department at that time. it is my understanding that the transaction went through nearly three years of rigorous internal and external due diligence, including reviews by a leading independent engineering firm, the department s own solar expert, and a blue chip law firm, all before any taxpayer funds were put at risk. reporter: solyndra executives were supposed to be at the hearing today but they have asked for an extra week to prepare. jon: molly henneberg in
president obama went to solyndra solar panel plant and touted green energy and the stimulus. we can see the positive impacts right here at solyndra. reporter: but this summer after ceo brian harrison told members of congress that solyndra s financial condition was improving, department of energy or doe officials let lawmakers know the company was facing decreased revenues. obviously there was a form of due policety. the board was monitoring what happened. it was the bush administration that first considered loaning money to solyndra and one says that obama officials are likely to stress that point tomorrow. this just didn t start with the stimulus, but this was the first loan guarantee of the obama administration. so, that s going to be the problem. solyndra s ceo was supposed to testify tomorrow at the hearing. but congressman stern says the company wants another week to prepare. in washington, molly
risky mortgages. as you probably know, those were at the heart of the financial meltdown. they call it a housing crisis and credit cry crisis crisis for a region. jim angle has the details. reporter: hello, jenna. well, the housing crisis that staggered the u.s. economy is entering a new chapter, as you said, as the federal housing finance agency plans to sue about a dozen big banks over what turned out to be risky loans. many of those mortgages were bought by fannie mae and freddie mac, government-sponsored institutions, that bought tens of billions in shaky mortgages in the part because congress encouraged loans to those with low and moderate incomes. the banks obliged by loaning money with little documentation of incomes and simply resold those mortgages to fannie and freddie leaving the federal government and, therefore, the taxpayer holding what officials estimate to be some $300 billion in bad loans. it s probably likely to be closer to $500 billion by the
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they made the most of it. lebron james hitting another three over pierce. king james 33 points helping the heat win 97-87, taking the series, 4-1. shaquille always has an acting career to fall back on. especially with that beard. he had a couple of movies. i won t call them what they are but he had a couple movies. thank you very much for that, alex. you re watching world one live from london. moammar gadhafi resurfaces. these new pictures make it look like it s business as usual for the libyan leader. nato forces say otherwise. we ll be right back with that. a guarantee of success. ee at ge capital, loaning money is the start of the relationship, not the end. i work with polaris every day. at ge capital, we succeed only when they do. whoo! awesome! yes! we ve got to get you out of the office more often. my turn to drive.