"The loan guarantee program has had some controversy. Let me say flatly: It's been a terrific success, and a $35 billion loan portfolio has had two percent of defaults, 10 percent of the reserve fund that the Congress itself put aside for what is advancement of risky technologies," Moniz told reporters on C-SPAN's "Newsmakers."Team Obama has a pretty broad definition of "success," there...
"Utility-scale solar energy, for example, has been an enormous beneficiary of that, where the department's initial loan guarantees got the first projects going. Since then, 10 large projects have gone forward with completely private financing," he said.
Tuesday, October 01, 2013
Aside from that whole bankruptcy thing: