Study of American Capitalism | Testimony & Comments

A Guarantee for Failure: Government Lending Under Sec. 1705

Testimony Before the House Committee on Oversight and Government Reform, Subcommittee on Regulatory Affairs
Veronique de Rugy | Jul 18, 2012
The Department of Energy’s loan guarantee programs have been the focus of much public attention since energy companies Solyndra, Beacon Power, and Abound went bankrupt, leaving taxpayers to shoulder hundreds of mil- lions of dollars in loan guarantees. The evidence strongly suggests that these programs fall short of their stated goals of developing clean energy and creating jobs.

The Administration's Auto Bailouts and the Delphi Pension Decisions: Who Picked the Winners and Losers?

Testimony Before the House Committee on Oversight and Government Reform
Todd Zywicki | Jul 10, 2012
Much of the government’s political intervention in the bankruptcy cases appears to have been motivated to benefit the UAW rather than the companies themselves over U.S. taxpayers, who put billions of dollars at risk to fund the bailouts.

Assessing the Department of Energy Loan Guarantee Program

Testimony Before the House Committee on Oversight and Government Reform
Veronique de Rugy | Jun 19, 2012
For obvious reasons, more than any other recent events, the waste of taxpayers’ money due to Solyndra’s failure has attracted much attention. However, the problems with loan guarantees are much more fundamental than the cost of one or more failed projects.

Transparency, Transition, and Taxpayer Protection: More Steps to End the GSE Bailout

Testimony Before the House Committee on Financial Services
Anthony B. Sanders | May 25, 2011
Anthony Sanders testified before the House Committee on Financial Services about steps to end the GSE bailout.

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