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Detailed text transcripts for TV channel - FOXNEWS - 20110928:19:34:00

it and the result of that procs was some actions to improve the program. reporter: solyndra was the first guarantee loan, the most recent to a nevada solar energy company was announced today and the program ends on friday, not a moment too soon for some critics. trace: and the reports that solyndra was in default last year, what do we know about those? reporter: solyndra was supposed to pay $5 million to a subsidiary building the factory in december of last year, and they did not have the money and a couple of months later the government agreed to restructure the loan to give private investors first dibs on the assets in exchange for a private investment of $75 million keeping the company from going bankrupt. the head of the energy department loan program said it was a tough call to make.

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