Trajan
conscientia mille testes
Interesting, if this was such a mechanism, then, you do realize there is a huge difference between what Chu was doing, vis a vis Solyndra and this issue?
There are a number of differences, but I'm not sure to which you are alluding.
so this kerfuffle may be over...nothing?
If your question is "so Romney might not have had any control over the loan?" Then I would say I find that remotely possible, but extremely unlikely. Certainly, news accounts quote Romney as proudly announcing the disbursements as his decision, and they were made public under his watch. I suspect that if Konarka felt confident in December that they would get the loan then it was because the elected but not inaugurated Romney had assured them of his commitment. Otherwise they would have asked that it be announced under the previous governor.
There are a number of differences, but I'm not sure to which you are alluding.
yes, there are a huge number of differences between the venture debt. vehicle and the DOE loan guarantee program of 2005. A Loan guarantee is not alike to a venture debt. loan, in terms of recovery of funds via equity stakes in the co., bankruptcy recovery etc.
Further, the rules were changed after the fact by the Obama admin. so as to protect the private investors in Solyndra, putting any recoup of funds etc. TO them ahead of taxpayers.
In addition there is the aspect of how these funds were approved and why. was Romney told by the states comptroller or state accounting office(s) who oversaw these kinds of deals that it was not a good risk? The GAO did state un-equivocally that the method by which Solyndra was selected was not up to snuff and that the DOE was not using the methods/guidelines set up to ensure wise disbursement of the monies in that prgm.
If Romney's actions ( which are still contested as it stands now) were responsible for what I have described above vis a vis Konarka Technologies as it applied to Solyndra, then shame on him.
If not, then I don't see the issue here.