Issa Eyes Political Connections That Drove Loan Approvals Like Solyndra

The Obama administration engaged in a pattern of approving loans that were not qualified to receive taxpayer money, according to one Republican House chairman who says the development is as disturbing as the potential loss of billions of dollars in investments. Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Relations Committee, said Sunday that the administration's approval of a loan guarantee for solar power company Solyndra -- which went belly up shortly after a half-billion dollar investment by the federal government -- is just one example of a "breach of protocol" in approving loans...more