White House to Review Solyndra Loans

    The Exterior of bankrupt Solyndra is seen in Fremont, Calif., Friday, Sept. 16, 2011. The Obama administration was worried about the financial health of Solyndra, a troubled solar energy company, and the political fallout it could bring even as officials publicly declared the company in good shape, newly released emails show. An email from a White House budget official to a co-worker discussed the likely effect of a default by Solyndra Inc. on Obama's re-election campaign. Solyndra is also under investigation by the FBI.  (AP Photo/Paul Sakuma)

    Paul Sakuma / AP Photo

    The White House has commissioned an independent review of Energy Department loans to businesses, like the one it gave now-bankrupt Solyndra. House Republicans are seeking more information on the solar company, which received a loan of over half a billion dollars from the Energy Department despite evidence that it was about to go under. The review will look at the status of other companies receiving loans from the government agency in hopes of avoiding another Solyndra situation.

    Read it at Associated Press