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Obama Officials Sat In On Solyndra Meetings
ABC ^ | ABC

Posted on 09/09/2011 7:49:12 AM PDT by sunmars

Officials from the Department of Energy have for months been sitting in on board meetings as "observers" at Solyndra, getting an up-close view as the solar energy company careened towards bankruptcy after spending more than $500 million in federal loan money.

Word of the Energy Department's unusual arrangement came as federal agents on Thursday converged on the California headquarters of the failed solar company, focusing fresh attention on the first corporate beneficiary of President Obama's stimulus program to create new clean energy jobs.

The company, which closed its doors last week and laid off 1,100 workers, has been a subject of an ongoing series of stories by the Center for Public Integrity's iWatch News in collaboration with ABC News.

Questions about the loan have been simmering for months. In 2009, the Energy Department put Solyndra's application on a fast-track for approval, and announced the award with great fanfare. The generous terms of the government loan included the lowest interest of all the green projects benefitting from Energy Department help, iWatch News and ABC News found.

And as part of the deal, the Energy Department agreed that if the company went bust, private investors could recoup their losses before the government. Republicans in Congress called the investment "a bad bet" and said it "put taxpayers at unnecessary risk."

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Breaking News; Business/Economy; Politics/Elections; US: California
KEYWORDS: abc; backdoor0bama; bs; chicagoway; cronycapitalism; doe4doe; fbi; followthemoney; fubar; georgekaiser; green; greenenergy; greenjobs; greenpower; half0bamascampaign; halfabillion; halfamillion; icanhavecanadianbus; imachristianho; imachristianhoho; imachristianhohoh; imachristianhohoho; mymuslimfaith; mymuslimfaith2abc; mymuslimfaith2egypt; obamastash; paytoplay; respectdannyh; scumulust; solargate; solargatecoverup; solyndra; solyndraboardmeeting; stimulus; wecantdriveoursuves; wecantdriveoursuvs; wherethesundontshine
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This is going to baloon. ABC is actually investigating. The DOE deserves a special prosecutor on this.
1 posted on 09/09/2011 7:49:14 AM PDT by sunmars
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To: sunmars

It’s also a very easy story for the public to follow..just connect the dots...the Dems were soooo eager to make this happen..for the PR..that they pushed it along rapidly..didn’t conceal their tracks...


2 posted on 09/09/2011 7:51:46 AM PDT by ken5050 (Save the EARTH...it's the ONLY planet with CHOCOLATE!!!)
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To: sunmars

Too late.
Holder and Ubama sent the FBI in to “raid” the place and get control of the evidence.
It’s all washed up or gone by now.


3 posted on 09/09/2011 7:52:34 AM PDT by Lancey Howard
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


4 posted on 09/09/2011 7:54:04 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Lancey Howard

Yep.

Doesn’t mean all the evidence was sitting there in the Solyndra offices, however. In fact, insofar as investors and board members are concerned, probably little of it was.


5 posted on 09/09/2011 7:54:28 AM PDT by 9YearLurker
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To: sunmars
This is going to baloon. ABC is actually investigating.

That means that someone in the PowerBroker Community has decided to cut Obama loose.

6 posted on 09/09/2011 7:54:28 AM PDT by Lazamataz (If Hitler had been as lazy as Obama, the 1940's would have been a very nice decade!!)
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To: sunmars
Ha...the recovered money should just about fund 0bambis jobs bill.

good luck with that........

7 posted on 09/09/2011 7:55:45 AM PDT by spokeshave (Obamas approval ratings are so low, Kenyans are accusing him of being born in the USA.)
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To: sunmars
ABC is actually investigating

...ABC has a vested interest - I see that they plug their partnership with the "Center for Public Interest iWatch division". If it takes a Democrat scandal to get this baby off the ground, then so be it - seems to be the thinking at ABC.

8 posted on 09/09/2011 7:56:01 AM PDT by ghost of nixon
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To: Lancey Howard
Too late. Holder and Ubama sent the FBI in to “raid” the place and get control of the evidence. It’s all washed up or gone by now.

Those who have been chosen to take a prison term for this, have copies of data squirreled away.

They ain't doin' time on Obama's crime.

9 posted on 09/09/2011 7:56:06 AM PDT by Lazamataz (If Hitler had been as lazy as Obama, the 1940's would have been a very nice decade!!)
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To: sunmars
It will also put yesterday's FBI raid in a nefarious light. The FBI was Obama's "plumbers," except that they acted brazenly in plain view instead of in the dark of night.

-PJ

10 posted on 09/09/2011 7:57:31 AM PDT by Political Junkie Too (Everyone's Irish on St. Patrick's Day, Mexican on Cinco de Mayo, and American on Election Day.)
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To: spokeshave

That’s EXACTLY what I was thinking!


11 posted on 09/09/2011 7:59:45 AM PDT by RushIsMyTeddyBear (Mr. Weiner...Don' t Tweet your meat. It's too late to delete!)
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To: sunmars

At least China is still making the solar panels./s

And thank goodness Gibson doesn’t have the proper wood to make those terrorist guitars. /s squared

Sounds like the old USSR where all companies had to have political officers present to operate.


12 posted on 09/09/2011 8:00:05 AM PDT by Liberty Valance (Keep a simple manner for a happy life :o)
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To: sunmars

I believe it was Jonah Goldberg who wrote a few days ago that there is no such thing as crony capital. Well, Jonah, here it is. Supporters of the President, i.e., cronies were handed $535 million from the feds. That is a return on investment that we non-cronies can only dream of.
Solyndra is crony capitalism in all its glory.


13 posted on 09/09/2011 8:00:16 AM PDT by all the best
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To: sunmars

Why is it surprising that administration officials sat in on the Board meetings? This IS the world’s first fascist government since Nazi Germany, it only stands to reason that this would happen.


14 posted on 09/09/2011 8:01:30 AM PDT by Scott from the Left Coast
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To: All

I believe the Left is now going to begin the process of forcing Obama out of his re-election bid.
We’ve seen the media slowly start to turn on him.
The bigwigs in the Party who KNOW about the origins of his birth are going to urge him to resign due to “health concerns” which will be entirely plausible given his history of smoking....


15 posted on 09/09/2011 8:02:31 AM PDT by Maverick68
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To: Lancey Howard

Yep. All shredded by now.

Just following orders you know.


16 posted on 09/09/2011 8:07:08 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: Lazamataz

Laz, it is exactly 0bama’s MO to throw some flunkies under the bus. It will be interesting to see how that plays out. Will the flunkies get the “carrot & stick combination” to get them to go quietly, or will the squeal on 0bama’s administration? And if they do squeal, will it get any play in the media?

Even though it might serve ABC’s interests in getting their “public interest” off the ground, they aren’t going to let any dirt get on 0bama or Holder. I think it’s just going to be another installment of left-wing night at the Kabuki theater.


17 posted on 09/09/2011 8:10:41 AM PDT by henkster (Socialists and liberals all want jobs; they just don't want to work.)
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To: sunmars

“Solar Gate”...I’m first!


18 posted on 09/09/2011 8:14:01 AM PDT by Recon Dad ("Don't forget, incoming fire has the right of way..")
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To: sunmars
The DOE deserves a special prosecutor on this.

No special prosecutors. Their role is actually to bury corruption by dragging out investigations for years.

19 posted on 09/09/2011 8:15:21 AM PDT by Wolfstar ("If you would win a man to your cause, first convince him that you are his friend." Abraham Lincoln)
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To: Lancey Howard
...I was thinking that the FBI was a better choice than a CIA "sanitation unit" a la '3 Days Of The Condor'.Heinrich Holder would have sent Schutzstaffel HS or BATFE. No reports of a conflagration...

...Yet...

20 posted on 09/09/2011 8:17:12 AM PDT by gargoyle (...This looks like a good fight, deal me in...)
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To: Lancey Howard
Holder and Ubama sent the FBI in to “raid” the place and get control of the evidence

Bingo. Why don't more people see this?

And all this media "coverage" is bullshit so then they can report that nothing was found and the administration is squeaky clean.

21 posted on 09/09/2011 8:20:06 AM PDT by Semper911 (When you want to rob Peter to pay Paul, you'll always have the support of Paul.)
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To: sunmars
from last night:

"And to make sure the money is properly spent, we’re building on reforms we’ve already put in place. No more earmarks. No more boondoggles."

Solyndra Filing a Disaster for Obama

In a blow to the Obama administration's efforts to create green jobs, solar-cell maker Solyndra announced Wednesday that it will close its remaining Fremont factory, lay off its 1,100 employees and file for bankruptcy. The bankruptcy represents a high-profile failure for a federal stimulus program that gives loan guarantees to green-tech manufacturers. Solyndra was the first company to win one of the guarantees, receiving $535 million in 2009.

http://www.nbcbayarea.com/news/local/Solyndra-Filing-a-Disaster-for-Obama-128816968.html

22 posted on 09/09/2011 8:20:38 AM PDT by WOBBLY BOB (My mind is like a steel trap: rusty and illegal in 37 states.)
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To: MindBender26

Ping.


23 posted on 09/09/2011 8:22:49 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Recon Dad

...Yea, on this thread. Bravo...


24 posted on 09/09/2011 8:25:50 AM PDT by gargoyle (...This looks like a good fight, deal me in...)
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To: Army Air Corps

A ready made Republican campaign commercial! Obama green Initiative Bankrupt!


25 posted on 09/09/2011 8:33:52 AM PDT by Rodm
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To: All

Watergate?

How about SOLARGATE!

What did the president know and when did he know it?


26 posted on 09/09/2011 8:35:00 AM PDT by icwhatudo ("laws requiring compulsory abortion could be sustained under the constitution"-Obama official)
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To: sunmars
after spending more than $500 million in federal loan money.

Did they actually get and spend half a billion? I'm reading elsewhere (including some FR posts) that they did not.

27 posted on 09/09/2011 8:35:04 AM PDT by Lady Lucky (Heavy the head that wears the tiara.)
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To: sunmars

Was Solyndra a union shop? I know its situated in Union city, perhaps that means the entire city is union...


28 posted on 09/09/2011 8:35:09 AM PDT by C210N (0bama, Making the US safe for Global Marxism)
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To: Lancey Howard
Too late. Holder and Ubama sent the FBI in to “raid” the place and get control of the evidence.

That was the first thought that came to mind when I heard of the raid.

29 posted on 09/09/2011 8:37:15 AM PDT by SMM48
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To: sunmars

Friday news dump.


30 posted on 09/09/2011 8:47:00 AM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
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To: steelyourfaith

Ping.


31 posted on 09/09/2011 8:59:39 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: sunmars
Did the DOE officials recognize the difference between a Solyndra Board meeting and an Obama Cabinet meeting??

Solyndra Board Meeting:
"Gentleman, things are not going well. We have spent all our money on the wrong things, and the Company is headed towards bankruptcy."

Obama Cabinet Meeting:
"Gentleman, things are not going well. We have spent all our money on the wrong things, and the Country is headed towards bankruptcy."

32 posted on 09/09/2011 9:01:31 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: sunmars

The FBI and Holder are part of the document destruction team to eliminate all links with the Obama administration. It will be years before we learn the facts, if at all.


33 posted on 09/09/2011 9:03:15 AM PDT by kabar
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To: WOBBLY BOB

From:

http://www.nbcbayarea.com/news/local/Solyndra-Filing-a-Disaster-for-Obama-128816968.html

Wow! From an NBC affiliate:

President Obama faces political catastrophe in the form of Solyndra .....


34 posted on 09/09/2011 9:07:13 AM PDT by MustKnowHistory
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To: spokeshave
I wonder how much of this money is sitting in Obama’s re-election campaign coffers.
35 posted on 09/09/2011 9:07:43 AM PDT by liberalh8ter
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To: MustKnowHistory

“President Obama faces political catastrophe in the form of Solyndra.....”

They used to report these types of things about the Great Klinton, and then a couple of paragraphs later they’d tell us where to send cash for his legal defense fund.


36 posted on 09/09/2011 9:10:52 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: Army Air Corps; SteamShovel; Bockscar; Thunder90; rdl6989; marvlus; Fractal Trader; Whenifhow; ...
Thanx for the ping Army Air Corps !

 


Beam me to Planet Gore !

37 posted on 09/09/2011 9:11:41 AM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: sunmars

I think a joint committee of congress on the scale of Watergate or Iran/Contra should be convened immediately.


38 posted on 09/09/2011 9:20:20 AM PDT by Marty62 (Marty60)
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To: sunmars

It would have been fun to give a republican response last night in front of these offices. It will make a great backdrop for commercials in the next election.


39 posted on 09/09/2011 9:20:55 AM PDT by LearnsFromMistakes (Yes, I am happy to see you. But that IS a gun in my pocket.)
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To: all the best
Plus, George Kaiser and the other voluntary private investors are first in line to get their money back.

Somewhere in line behind them are we, the taxpayers, who involuntarily helped fund this modern Teapot Dome boondoggle.

40 posted on 09/09/2011 9:21:04 AM PDT by Carling (DeMint to Obama: I want to read the bill, not listen to talking points off a TelePrompter.)
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To: sunmars

I is for Impeach.

All in favor..

The ‘I’s have it.


41 posted on 09/09/2011 9:22:43 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: sunmars

Kudos to Qbert for finding this little gem. I’ll post for further reference:

http://www.freerepublic.com/focus/f-news/2775936/posts


42 posted on 09/09/2011 9:29:14 AM PDT by RushIsMyTeddyBear (Mr. Weiner...Don' t Tweet your meat. It's too late to delete!)
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To: sunmars
“And as part of the deal, the Energy Department agreed that if the company went bust, private investors could recoup their losses before the government.”

OMG! Who in the Energy Dept. thinks they can bypass a bankruptcy judge and screw the taxpayers?

43 posted on 09/09/2011 9:48:31 AM PDT by tobyhill (A Democrat that doesn't lie would be a lie)
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To: spokeshave

Umm, not really. Solyndra was half a billion. The “jobs bill” (that doesn’t exist except in the mind of potus) is half a trillion. I know its confusing. I get my billions and trillions mixed up too, especially when I balance my checkbook.


44 posted on 09/09/2011 10:01:40 AM PDT by Former Proud Canadian (We .. have a purpose .. no longer to please every dictator with a vote at the UN. PM Harper)
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To: sunmars

Holder should have been forced to step down a couple of years ago after he left black racist go when they were outside the polling booth intimidating voters and then went on to say his people.
Add that to how there is a racist program in place letting blacks go while going after whites.


45 posted on 09/09/2011 10:10:13 AM PDT by manc (Hannity is a fraud , he admitted he's socially liberal on his show, marriage=1man with 1woman)
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To: sunmars

Add the fast and furious program too this as well.

This admin stinks of corruption and if this was a republican admin the biased media would have ripped them apart by now.


46 posted on 09/09/2011 10:14:04 AM PDT by manc (Hannity is a fraud , he admitted he's socially liberal on his show, marriage=1man with 1woman)
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To: tobyhill
"OMG! Who in the Energy Dept. thinks they can bypass a bankruptcy judge and screw the taxpayers?

I'm not sure, but I bet they are using consultants from the group that screwed over the Chrysler bond holders.

47 posted on 09/09/2011 10:17:40 AM PDT by In Maryland ("If stupidity got us into this mess, why can't it get us out?" - Mark Twain)
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To: Semper911

“Holder and Ubama sent the FBI in to “raid” the place and get control of the evidence”
Solyndra has been “Solaundered.”


48 posted on 09/09/2011 10:18:10 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: Lancey Howard; 9YearLurker

Actually - the coverup is excellent news -

Means there was something there to cover up - beyond their usual incredible incompetence.

Remember - all we need is one “Monica’s Dress”. In a company that just failed and laid off 1,000 - I bet someone has something nice on a thumb drive somewhere.

this is both the most corrupt and most stupid administration in history. When the dam breaks - it will be a flood.


49 posted on 09/09/2011 10:20:55 AM PDT by Eldon Tyrell
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To: Eldon Tyrell

Won’t be enough to brinmg him down on its own, but may work well with Palin’s perfectly positioned campaign.


50 posted on 09/09/2011 10:30:36 AM PDT by 9YearLurker
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