Bloomberg News

U.S. Treasury Department Watchdog Investigating Solyndra’s Loan

September 14, 2011

Sept. 14 (Bloomberg) -- The U.S. Treasury Department’s inspector general is investigating the Federal Financing Bank’s role in the $527 million federal loan guarantees to Solyndra LLC, a solar-panel manufacturer that filed for bankruptcy protection this month.

The Treasury watchdog “is looking into the circumstances of” the Federal Financing Bank’s “role in the Solyndra loan,” Rich Delmar, counsel to the Treasury’s inspector general, said in a statement.

The inspector general “will, as a matter of course, do this whenever there are questions raised as to the efficiency or integrity of a Treasury program or operation,” Delmar said.

The financing bank, part of the Treasury, loaned money to Solyndra under the administration’s guarantees.

--Editor: Steve Geimann

To contact the reporter on this story: Alison Vekshin in San Francisco at

To contact the editors responsible for this story: Mark Tannenbaum at; Larry Liebert at

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