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Transcripts For CNNW American Morning 20111007

defended a controversial $535 million government loan to a california solar panel company that eventually went belly up. the solyndra drama continues. reporter: continues, and will for some time. the president when asked about that, jonathan silver, the man who has been heading up the loan program, which, of course, is the controversial part of this program, because of a guaranteed loan that was given to that solar panel company that president obama visited, and that went belly up in august, that s really what all of this stems around. well, he has resigned, and to listen to the department of energy we re hearing from secretary steven chu, he s saying jonathan silver, the man who testified before congress about this controversy recently. he was already leaving, had been told in july before news broke of solyndra filing for bankruptcy that he would be going into the private sector. so you re hearing from sort of the executive branch this was already going to happen, but you

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