Federal Financing Bank

The Energy Department signed off on the loan guarantee under a George W. Bush-era law, and the Federal Financing Bank, a unit of the Treasury Department, also provided a loan with a 1.025% quarterly interest rate.

The Solyndra Scandal 2011

Meanwhile, a large solar project in Southern California called Mojave Solar LLC, which was selected by the Energy Department to receive a $1.2 billion loan guarantee last month, is at risk of being disqualified for both the underlying Federal Financing Bank loan and the guarantee because project costs have led a state regulator to consider denying its power contract with Pacific Gas & Electric .

Renewable-Energy Firms Facing Financial Hurdles Yuliya Chernova 2011

For instance, the Federal Financing Bank, an arm of the Treasury Department, can issue as much as $15 billion of debt that is not subject to the debt limit.

Treasury Tools Less Effective as Debt Limit Nears Andrew Ackerman 2011

The loan would be provided by the Treasury Department's Federal Financing Bank, with the Energy Department guaranteeing the issue in case of default.

The Center for Public Integrity: Recurring red flags failed to slow Obama administration's race to help Solyndra The Center for Public Integrity 2011

And rather than merely guaranteeing a commercial loan —i.e., eliminating any private downside for failure—Solyndra borrowed its money directly from taxpayers through the Federal Financing Bank.

The President's Venture Capitalist 2011

But as of August, the Federal Financing Bank had less than $5 billion in additional borrowing capacity partly because of previous attempts to avoid the debt cap.

Treasury Tools Less Effective as Debt Limit Nears Andrew Ackerman 2011

In Senate testimony Tuesday, Senate Banking Committee Chairman Chris Dodd said he would send a letter to Treasury Secretary Henry Paulson to direct the Federal Financing Bank to purchase participation interest in pools of new student loans backed by the government.

Sallie Mae Sounds the Alarm 2008

The letter said the administration had explored having the Federal Financing Bank, part of the Treasury Department, buy the loans but concluded it didn't have legal authority to do so.

White House Backs 2008

They sent a similar letter to Treasury Secretary Paulson asking him to order the Federal Financing Bank to buy student-loan-backed securities.

Bailout of the Year 2008

It could be housed in the Treasury Department, much like the Federal Financing Bank, or possibly as a division of the Federal Financing Bank.

A BETTER mortgage rescue plan 2008