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Is There a Market Failure With the D O E Loan Program?
The dea is taking some of the lessons from the loan program office, but making these government loan guarantees both less overhead to apply for. And it really does require a political acceptance of a governmental portfolio approach. Were quite convinced that at the end of the day, the government will see positive returns from this loan program office. But we also have to accept that, out of a portfolio of 30 loan guarantees, some percentage of those may very well fail.