Skip to comments.Solargate Unraveled
Posted on 09/14/2011 5:04:15 PM PDT by Kaslin
Scandal: The White House pressured federal officials to OK a loan to an insolvent but politically tied green energy company in advance of a vice-presidential photo-op.
Corruption is not an energy policy. Emails released to the Washington Post before Wednesday's hearings on the $535 million stimulus loan guarantee issued to now-bankrupt Solyndra Inc. reveal the extent of, and resistance to, White House pressure to get the loan approved so Vice President Joe Biden could announce it at a Sept. 4, 2009, groundbreaking event.
The White House has denied applying pressure or even monitoring the review process, saying the stimulus loan guarantee was a good "investment."
The emails show these statements to be false and that the White House knew Solyndra, whose major investor was Tulsa billionaire and Obama fundraiser George Kaiser, was at risk of going under.
The emails show White House officials repeatedly asking the Office of Management and Budget about progress on the loan review. One email from a budget official referred to "the time pressure we are under to sign off on Solyndra" and referred to "a situation of having to do rushed approvals."
"This deal is NOT ready for prime time," one budget analyst wrote in a March 10, 2009, email.
Another Aug. 31, 2009, message written by an OMB staffer and sent to Terrell McSweeny, Biden's domestic policy adviser, concluded, "We would prefer to have sufficient time to do our due diligence reviews."
(Excerpt) Read more at investors.com ...
Obama corruption ping
More of spending good money after bad. But if it finds its way back to the Democrat coffers, then it is theft for political purpose. Stealing my money because I sure as He!! would not invest in a company like that especially if they turned money back over to elect liberal democrats.
Probably not if but when his own side has had enough they will simply let the law take it's course with respect to this issue or GunWalker, they will lament a ‘good mans’ down fall and say ‘the law is the law’.
So this was really about bailing out a billionaire Obama fundraiser before he took the loss himself...
Watching Fox now on this... Jarrett’s name came up. This whole tribe is corrupt..but the is the shield. Take her out...and Holder...and 0bama goes.
Even the CBS radio news slammed Oh’Brother for this total farce by saying the head of this scam is a big time contributor to his Holeyness...
This thing might be growing legs but I still expect to read more about a $5000 donation from Merck than a $500 million dollar taxpayer loan to a rat led company and a pipedream known as green jobs.