Word is that the US Treasury Department did not take sufficient time to review the Solyndra loan guarantee before making it public.
Why such a short review period for something that was worth more than $500 million? There was a big public announcement coming out and the loan guarantee had to be ready. The money in question didn’t actually belong to anyone making any of the decisions. The company was all green and stuff, so of course it was a good idea to give them government backing.
If an investment firm took all of a single day to determine that it would support a $500 million investment in a company and everything went horribly, terribly wrong, then heads would roll.
If government insists on acting like a business, then it should be held accountable like one, shouldn’t it?