401kRollover Blog

This week, the Government Accountability Office (GAO) announced that the Department of Energy Loan Guarantee Program will leave taxpayers owing $2.2 billion, which includes $807 million for loans that have already defaulted. GAO investigators described the projects of the defaulting companies as “risky”, and the companies themselves as having a “shaky credit rating.” So far, a total of five companies have defaulted.

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