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Congressional Report Documents “Disastrous” Fiscal Mismanagement at DOE


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#1 Disorderedliberty

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Posted 21 March 2012 - 11:09 AM

Yesterday, a report released by the House Committee on Oversight and Government Reform [Committee] detailed the continuing, and shocking, fiscal mismanagement by the Department of Energy [DOE] with regard to its loan guarantee program. 
Specifically, the report demonstrates that, in connection with the extensive Congressional investigation into the program, the Committee “has uncovered numerous examples of dysfunction, negligence and mismanagement by DOE officials, raising troubling questions about the leadership at DOE and how it has administered its loan guarantee programs.” 
According to the report, because “[i]nexplicably, DOE management has turned a blind eye to the risks that have been glaringly apparent since the inception of the program[,]” DOE has “amassed an excessively risky loan portfolio” of $14.5 billion. …

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#2 mudmanc4

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Posted 22 March 2012 - 05:38 AM

It's not dysfunctional if it is being done intentionally is it ?

Two refineries that have been taking care of 20% of what west USA requires , have been shut down , dozens of coal plants are being shut down , power companies are raising there rates because government regulation forces them to close power plants, the citizens are left holding the bag.

All this and billions of play money has been " bet " , on many of these " clean energy ' companies , each one has been played out , stripped and is closing the doors.

This is intentional grounding of the entire USA economy. For the greater good of course.

So how's everybody doing in that little head of yours ? ™





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