A Solyndra head rolls: DOE loan exec Jonathan Silver steps down

By Michelle Malkin  •  October 6, 2011 05:26 PM


Logo credit: Sloane

Stepped down or pushed out?

Will he hush up now — or sing?

WaPo reports:

The head of the Energy Department’s controversial loan guarantee program has decided to step down, department officials confirmed to The Washington Post on Thursday.

Jonathan Silver, who was named executive director of DOE’s Loan Programs Office in November 2009, has come under fire from congressional Republicans since the solar manufacturer Solyndra declared bankruptcy Aug. 31 after receiving a $535 million federal loan guarantee. While DOE made the initial loan to Solyndra before Silver took the program’s helm — a point he made repeatedly during his congressional testimony last month — he remained the administration’s point person for the embattled initiative.

Energy Secretary Steven Chu said in a statement Thursday that Silver had informed him in July, when it was clear that no significant new funds were being budgeted for the loan program, that he would leave at the end of the fiscal year.

The program’s authorization expired Friday: On its last day the agency committed an additional $4.7 billion in loan guarantees to support four major clean-technology projects across the country.

Silver won’t be around to kick when the report cards come due on that latest round of loans. Or for follow-up on the near-approval of that second round of Solyndra funding Doug Powers blogged earlier today.

Look who else is knock, knock, knockin’ on Steve Chu’s door:

Senate Dems ask Chu for report on US clean energy investment.

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Comments


  1. #1
    On October 6th, 2011 at 5:34 pm, Hangfire said:

    How do you step down from a sunken ship?

  2. #2
    On October 6th, 2011 at 5:37 pm, letget said:

    May this just be one of many involved with bho and his crooked team! This is only Thursday, what will the Friday dump be? Things are a heaten up for bho and may the fire be real real hot!
    L

  3. #3
    On October 6th, 2011 at 5:44 pm, AlohaGuy said:

    Hangfire said:

    How do you step down from a sunken ship?

    Hey, you’re the sub guy…

  4. #4
    On October 6th, 2011 at 5:50 pm, Hangfire said:

    On October 6th, 2011 at 5:44 pm, AlohaGuy said:
    Hey, you’re the sub guy…

    Well, I started as a dom…

  5. #5
    On October 6th, 2011 at 5:52 pm, zorro said:

    Will he hush up now — or sing?

    Ice his email accounts, telephone logs, travel logs…

  6. #6
    On October 6th, 2011 at 5:54 pm, right_on said:

    Energy Secretary Steven Chu said in a statement Thursday that Silver had informed him in July, when it was clear that no significant new funds were being budgeted for the loan program, that he would leave at the end of the fiscal year.

    A man who has done nothing wrong steps down? His boss says it was always his plan to leave when the funding for the program expired, yet told no one until the resignation was made public?

    Skunky? Is that you I smell?

  7. #7
    On October 6th, 2011 at 6:07 pm, babiesgrandma said:

    Energy Secretary Steven Chu said in a statement Thursday that Silver had informed him in July, when it was clear that no significant new funds were being budgeted for the loan program, he would get caught up in the scam, that he would leave at the end of the fiscal year.

  8. #8
    On October 6th, 2011 at 6:13 pm, Rogue Cheddar said:

    Loan Aranger: Hi Ho Silver, away!

  9. #9
    On October 6th, 2011 at 6:23 pm, passingruffian said:

    Good thing O’Blamer has several buses. It’s getting pretty crowded under there.

  10. #10
    On October 6th, 2011 at 6:26 pm, DonkeyHoatie said:

    Energy Secretary Steven Chu said in a statement Thursday that Silver had informed him in July, when it was clear that no significant new funds were being budgeted for the loan program, that he would leave at the end of the fiscal year.

    Hey Boss? I’m only here to throw around a bunch of other peoples money, so when the money runs out, I’m gonna split, okay?

  11. #11
    On October 6th, 2011 at 7:12 pm, John Deaux said:

    Look for Silver to take a nice cushy job at a lefty funded thinktank or someplace similar.

  12. #12
    On October 6th, 2011 at 7:27 pm, 123upnorth said:

    Read Immelt’s comments about Solyndra and it will make your body temperature rise with frustration.

    http://www.cnbc.com/id/44798723

    “The reason why Solyndra failed is they didn’t have the right technology and they had too high costs,”

    “I’d say particularly with sluggish economy and things like that, I do believe that infrastructure and some of the other activities, (research and development), ought to be things that the government still plays a role in.”

    So Jeff, what penalty did the government pay, as an investor, with their bad and failed investment decision to hand money over to Solyndra? Oh, that’s right. They didn’t suffer any financial consequences because they used taxpayer monies.

    MAYBE THAT’S THE PRIMARY REASON GOVERNMENT SHOULDN’T ‘INVEST’ IN WINNERS AND LOSERS, YOU F*CKING IDIOT!!

    Our economy has become a crony-socialist cesspool. Immelt is the poster child of what is wrong with the market.

  13. #13
    On October 6th, 2011 at 7:45 pm, Mitoch said:

    That’s too bad he’s stepping down. I really liked him in Weekend at Bernie’s.

    What’s that? It’s Jonathan Silver?

    Never mind.

  14. #14
    On October 6th, 2011 at 7:59 pm, BK said:

    Who cares if this guy sings?

    Nobody will prosecute him. C’mon, Holder will be too busy filing papers to drop cases against black panthers.

  15. #15
    On October 6th, 2011 at 8:51 pm, bjc said:

    *The plot thickens; The screen darkens; This administration is going down; Then we can commence with the CPR, as in Cain, Perry, or Romney; The field is set, so get behind one of ‘em; I’m going with Mr. Main Street, Herman Cain; Romney is Wall Street, and Perry is warmed over W!

  16. #16
    On October 6th, 2011 at 10:20 pm, dan708 said:

    Silver will keep his lip zipped because the Chicago pol in the WH will grease his palms.

  17. #17
    On October 6th, 2011 at 10:33 pm, steamjetKC135 said:

    Silver will keep his lip zipped because the Chicago pol in the WH will grease his palms, or bust his kneecaps.

    FIFY

  18. #18
    On October 7th, 2011 at 12:47 am, yohannbiimu said:

    Stepping down or pushed out doesn’t sound like a head rolling to me. Check back with me if he’s prosecuted for fraud.

  19. #19
    On October 7th, 2011 at 1:22 am, drfredc said:

    Big deal, some gonzo is gone. The real question is what does his golden parachute look like? Did these exec’s use the taxpayer and naive Obamacrats to fund their golden parachute with some bogus green scam?

    It’s one thing for a company to go bankrupt, it’s another to sort out where the money went…

  20. #20
    On October 7th, 2011 at 1:38 am, stuckinIL4now said:

    I like this from The Hill:

    Democrats hope to highlight the growing divide between the United States and other major economies when it comes to clean-energy spending.

    Clean-energy spending? So it’s the amount spent that’s at issue not whether it’s a wise investment or that it’s actually going to accomplish anything?

    Heads from higher up in the Obungler admin still need to roll on this one, in fact, let’s just go straight to the top.

  21. #21
    On October 7th, 2011 at 9:43 am, RedDog said:

    Sorry bubeleh, too little too late. There’s jail time a comin’ for Obama et al. Better pick out your bunk.

  22. #22
    On October 7th, 2011 at 10:34 am, headbodyandtail said:

    On October 7th, 2011 at 1:38 am, stuckinIL4now said:
    I like this from The Hill:

    Democrats hope to highlight the growing divide between the United States and other major economies when it comes to clean-energy spending.
    Clean-energy spending? So it’s the amount spent that’s at issue not whether it’s a wise investment or that it’s actually going to accomplish anything?

    Heads from higher up in the Obungler admin still need to roll on this one, in fact, let’s just go straight to the top.

    Keep in mind that this is the same group (liberals) in favor of racial quotas. They think that if a disparity exists, you simply order the end result to be modified, without investigating the underlying cause.

  23. #23
    On October 7th, 2011 at 10:55 am, Dexter Alarius said:

    He’ll probably end up at Fannie Mae!
    :face-palm:

  24. #24
    On October 7th, 2011 at 11:58 am, 1ConcernedMom said:

    I wonder why he didn’t get a promotion like some of the others.

  25. #25
    On October 7th, 2011 at 12:14 pm, jukinj3 said:

    Well at least we did not lose his keen business acumen and venture capitalist brilliance before they flushed all the rest of the billions of their slush fund.

    We dodged a real bullet there.

  26. #26
    On October 7th, 2011 at 4:01 pm, RJL said:

    I wonder where Silver will end up? He says he had previously been working in venture capital for ten years.

    How many venture capital companies are looking for a guy who just p*ssed away $535 million on a guaranteed failure.

  27. #27
    On October 7th, 2011 at 4:11 pm, stacman said:

    The DOE head rolling is good, but he’s merely the scapegoat initially installed in case there are complications. I have little doubt that this goes all the way to Obozo, but it’ll never be revealed because of all of these safeguards put in place because they know it was a dirty deal…

  28. #28
    On October 7th, 2011 at 6:04 pm, AMERICANVETERAN said:

    The democratic ticket represents the unions, the fat, the welfare moocher, the under achiever, the non-achiever, the lazy, the illegal’s, the subversion of the constitution, the uneducated and the communists. Did I miss anything?

  29. #29
    On October 10th, 2011 at 6:53 pm, jukinj3 said:

    You forgot the terrorists. For all of 2000s it was hard to tell democrat party talking points from Al Queda talking points.

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