More chinks in Solyndra's armor?

WASHINGTON, Oct. 10 (UPI) -- Members of the Republican-controlled House of Representatives claim there were flaws in the handling of a loan for energy company Solyndra.

U.S. President Barack Obama rolled out a $535 million loan guarantee to California solar panel company Solyndra as part of his ambitious green-energy program. The company later had its offices raided by the FBI after it declared bankruptcy.

U.S. Reps. Fred Upton, R-Mich., chairman of the energy and commerce committee, and Cliff Stearns, R-Fla., chairman of a House oversight committee, in a letter to U.S. Treasury Secretary Tim Geithner claim there were significant flaws in processing the Solyndra loan.

The Republican lawmakers said they've "uncovered information that raises questions as to whether the Department of Energy satisfied the requirement to consult with the Department of the Treasury about the $535 million loan guarantee issued to Solyndra in September 2009 and the restructuring of that agreement in February 2011."

Jonathan Silver, an Energy Department official who approved the Solyndra loan, announced last week he was stepping down.

Obama, in an interview last week with ABC News, said he didn't have regrets about the Solyndra loan.

"Hindsight is always 20/20," said Obama. "(The loan) went through the regular review process and people felt that it was a good bet."