And gives him Three Pinocchios, defined as, “significant factual error and/or obvious contradictions.”

I’ve written it before and I’ll write it again: Chu needs to be fired and the rest of the DOE loan program needs to undergo a forensic audit to find out exactly how much money was wasted.

Another thing that needs to be looked at, which isn’t being discussed, is why so many of these loans went to huge companies that don’t have any trouble accessing the capital markets on their own.