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Detailed text transcripts for TV channel - FOXNEWS - 20111117:17:16:00

decision-making on the loan portfolio at the department of energy. he was working on the so-called announcement value in solyndra for the white house, object sentence plea for the president and vice president if they wanted to make speeches based on solyndra. there was another element here that came out of the house panel report, jenna, and that is, is that the stimulus program that was enacted in february 2009 basically wiped out an extra cost that company that got loan guarantees would have to pay back to the agencies. they are called credit subsidies to get the loan guarantee. jenna: let me take this step-by-step. let s go back to the le back to the liaison. is it unusual to have the liaison from any administration with a department like the department of energy. reporter: personally in my reporting i can t say, because i have not seen it before personally. we ve seen this as an issue though in the house panel report in the back end of the report.

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Detailed text transcripts for TV channel - FOXNEWS - 20111117:21:26:00

you are a company, you go into the department energy and you want a loan guarantee, and this guarantee program was enacted in 2005, you, the company have to pay a credit subsidy if you go belly up or default. so, you would have to pay money which would incentivize you to make sure you pay the taxpayer back but stimulus basically paid to cover this amount instead of $6 billion for the green companies set aside for the fees for the credit subsidy and house panel said, look, that meant that the green companies didn t, were not watching, and did not incentivize to make sure they protected the taxpayer money and the other issue, the white house so-called stimulus, some call it, i call it a stimulus czar, the senior advisor, he worked with rahm emanuel, then the white house chief of staff, to see if there was any announcement value if solyndra getting the department of energy loan guarantee and solyndra would be the first ben factor of that credit subsidy covered by

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