Jigar Shah

Well, look, I think that right now there are so many companies who are deserving of an LPL loan. They have done their homework. They have made sure that they're meeting our threshold, which is that reasonable prospect of repayment, that we don't have to lose money, right? That the companies that come in are just so overprepared and so amazing that we're able to make smart choices.

Well, look, I think that right now there are so many companies who are deserving of an LPL loan. They have done their homework. They have made sure that they're meeting our threshold, which is that reasonable prospect of repayment, that we don't have to lose money, right? That the companies that come in are just so overprepared and so amazing that we're able to make smart choices.

I think there were two big challenges with Solyndra, and both...

I think there were two big challenges with Solyndra, and both...

things we don't do anymore the first is that the loan programs office put our money in first before the private sector folks put their money in and that never happens now and so we make the private sector money put their money in first and then we match it with our debt second and so that makes sure that the project actually has enough money to be completed

things we don't do anymore the first is that the loan programs office put our money in first before the private sector folks put their money in and that never happens now and so we make the private sector money put their money in first and then we match it with our debt second and so that makes sure that the project actually has enough money to be completed

The second is that Solyndra had real technology risk. And we don't take real technology risk anymore at the loan programs office. If we think there's real technology risk, we have our partners at the Department of Energy demonstration programs give them a grant to demonstrate their technology first. And so those two things we do not do anymore at the loan programs office. So we learned our lesson.

The second is that Solyndra had real technology risk. And we don't take real technology risk anymore at the loan programs office. If we think there's real technology risk, we have our partners at the Department of Energy demonstration programs give them a grant to demonstrate their technology first. And so those two things we do not do anymore at the loan programs office. So we learned our lesson.

We got a bunch of unsolicited advice and we followed it, which is great. In terms of the way that LPO should work and does work today, we estimate what our chances of losing money on every loan is. We reserve that amount of money into an account, right, which is held by the U.S. Treasury. Every year, we estimate whether... That loan has gone up in risk or down in risk. The goal is to be accurate.

We got a bunch of unsolicited advice and we followed it, which is great. In terms of the way that LPO should work and does work today, we estimate what our chances of losing money on every loan is. We reserve that amount of money into an account, right, which is held by the U.S. Treasury. Every year, we estimate whether... That loan has gone up in risk or down in risk. The goal is to be accurate.

The goal is not to over-allocate money for losses and then not need it, right? Because that's sort of just money that could have been used to help other people. And I think we're really good at that today. In terms of the lesson learned, look, I would suggest to you that today... Both Republicans and Democrats have never been more bullish on America's ability to do big things.

The goal is not to over-allocate money for losses and then not need it, right? Because that's sort of just money that could have been used to help other people. And I think we're really good at that today. In terms of the lesson learned, look, I would suggest to you that today... Both Republicans and Democrats have never been more bullish on America's ability to do big things.

When you look at just how aggressive Governor Lee is in Tennessee around pushing for nuclear supply chain and more nuclear plants, it's amazing. Or Governor Kemp in Georgia and all the wonderful stuff that's happening there, right?

When you look at just how aggressive Governor Lee is in Tennessee around pushing for nuclear supply chain and more nuclear plants, it's amazing. Or Governor Kemp in Georgia and all the wonderful stuff that's happening there, right?

Governors around the country recognize that this is something that is essential to take their best and brightest people that have decided to, you know, scale up a company in their state. This is the tool that they need. And it is so prudent because it doesn't really cost the federal government much compared to amount of loan authority and how much economic development it spurs.

Governors around the country recognize that this is something that is essential to take their best and brightest people that have decided to, you know, scale up a company in their state. This is the tool that they need. And it is so prudent because it doesn't really cost the federal government much compared to amount of loan authority and how much economic development it spurs.

Well, remember, it really is only an industrial strategy bill. It is not the rest of those things, right? The rest of those things are things that incentivize the private sector to do things.

Well, remember, it really is only an industrial strategy bill. It is not the rest of those things, right? The rest of those things are things that incentivize the private sector to do things.

Maybe, but look, I think that what matters is that these projects succeed. If we build a manufacturing facility and that manufacturing facility fails, well, then all the benefits that it provides to workers or to communities or other things go away, right? And so the central tenant to all of this has to be that these projects succeed, right?

Maybe, but look, I think that what matters is that these projects succeed. If we build a manufacturing facility and that manufacturing facility fails, well, then all the benefits that it provides to workers or to communities or other things go away, right? And so the central tenant to all of this has to be that these projects succeed, right?