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Obama administration announces review of Solyndra loan program
By: Bill O'ReillyOctober 28, 2011
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STORY EXCERPT
Politico: The White House has ordered an independent review of all Energy Department loan guarantees in response to Solyndra's collapse.

Chief of staff Bill Daley tasked former Treasury Department official Herb Allison to lead the 60-day review into more than two dozen loan guarantees approved since the start of the Obama administration.

Allison has also been assigned to make recommendations for how to improve the troubled DOE program going forward, including creating an "early-warning system" to flag possible problems.

"While we continue to take steps to make sure the United States remains competitive in the 21st century energy economy, we must also ensure that we are strong stewards of taxpayer dollars," Daley said in a statement.
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