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AP on Solyndra: WH ignored at least three watchdog reports criticizing Energy Departmentís loan
Hot Air ^ | 9/15/11 | Allahpundit

Posted on 09/15/2011 7:26:16 PM PDT by Nachum

That’s not all they ignored, either. According to e-mails obtained by the AP, one White House official who helped plan Obama’s big photo op at the plant earlier this year dismissed a news story about Solyndra’s financial troubles with, “Seems B.S.” A few months earlier, the same chump ignored the alarm bells being rung by accounting firms and instead accepted at face value Solyndra’s assurances that they were doing well, writing, “Fantastic to hear that business is doing well — keep up the good work! We’re cheering for you.”

Everyone knew the company was toast. Except the people in charge of your money.

A 2009 report by the Energy Department’s inspector general warned that the DOE lacked the necessary quality control for the loan guarantee program, which was created in 2005 to support clean-energy projects that could not obtain conventional bank loans due to high risks.

In July 2010, the Government Accountability Office said the Energy Department had bypassed required steps for funding awards to five of 10 applicants that received conditional loan guarantees.

(Excerpt) Read more at hotair.com ...


TOPICS: News/Current Events
KEYWORDS: criticizing; reports; solyndra; watchdog
Full title: AP on Solyndra: WH ignored at least three watchdog reports criticizing Energy Department’s loan controls
1 posted on 09/15/2011 7:26:22 PM PDT by Nachum
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To: Nachum

The Solyndra scandal will blow up if a direct nexus between Solyndra and Obama can be established. If that happens, no media outlet will be able to ignore it.

Interestingly, with some talk of the establishment dems wanting to get rid of Obama from the ticket (I don’t buy a syllable of it), a scandal like this could get rid of Obama for them.


2 posted on 09/15/2011 7:28:27 PM PDT by Ted Grant
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To: Ted Grant
Interestingly, with some talk of the establishment dems wanting to get rid of Obama from the ticket (I don’t buy a syllable of it), a scandal like this could get rid of Obama for them.

Hah! Pick one. Any one. There's a baker's dozen to choose from.

3 posted on 09/15/2011 7:33:18 PM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: Ted Grant

I think so too, and not to give the MSM too much credit, I’ve been surprised to see how they’ve given this story legs. It’s almost as if the memo went out “Solyndra is it, bring him down”.


4 posted on 09/15/2011 7:35:49 PM PDT by bigbob
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To: Nachum

Now why does this seem like deja-vu all over again?

I’m thinking of repeated warnings given to Congress regarding the soundness of Fannie Mae/Freddie Mac, and the flip dismissals those warnings were given (see Barney Frank, Maxine Waters, etc.)


5 posted on 09/15/2011 7:38:02 PM PDT by BusterBear
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To: BusterBear

Off with their heads!


6 posted on 09/15/2011 7:42:09 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Ted Grant
I think the Solyndra scandal is about to blow up BIG TIME very soon. And it will something that could really haunt Obama through the entire 2012 election campaign season as the ultimate proof of "crony capitalism."
7 posted on 09/15/2011 7:43:19 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: RayChuang88

I care more about the gun running...People got killed!!


8 posted on 09/15/2011 7:48:03 PM PDT by Sacajaweau
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To: Nachum

Solyndra is only the tip of the iceberg. They have rushed out many other questionable loans to green companies that couldn’t get conventional loans because they were not economically viable entities. It’s just a matter of time to see if they blow up before the election.


9 posted on 09/15/2011 7:50:03 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: Nachum

AP, ABC, NYT. They’re all hitting this story hard now, and they are all the favorite dumping grounds of Democrats who want to get damaging info out there, put their own spin on it, and keep people distracted from other important issues.

This may be a story that has legs, but use of the standard MO perfected by the Clinton war room needs to be considered. If this doesn’t go anywhere, then by the 2012 election, it can be termed “old news”.


10 posted on 09/15/2011 7:52:35 PM PDT by randita (Obama - chains you can bereave in.)
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To: Ted Grant
a scandal like this could get rid of Obama for them.

Well, if it's a choice between holding on to their power or standing pat with Obama, then Obama's gotta go. It's just a matter of figuring out how to do it. I think we'll see more and more "hints" and "signals" to him. As he chooses to ignore them - well, it should get interesting.

11 posted on 09/15/2011 7:53:15 PM PDT by BusterBear
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To: Nachum
Full title: AP on Solyndra: WH ignored at least three watchdog reports criticizing Energy Department’s loan controls

SolyndraGATE!

12 posted on 09/15/2011 7:57:19 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Don Corleone

http://www.nachumlist.com/Solyndra.htm


13 posted on 09/15/2011 7:57:53 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: bigbob

Exactly. Like they couldn’t investigate the BC issue, or the Gun Walker case etc...or just simply VET they guy. No, he had to be vetted on talk radio and youtube for crying out loud.

Now all of a sudden...why don’t they just NOT report this story? They’ve been getting away with NOT reporting anything like this before?


14 posted on 09/15/2011 7:59:36 PM PDT by CommieCutter (Promote Liberal Extinction: Support gay marriage and abortion!)
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To: RayChuang88
“crony capitalism.” <<

Hmmmm....seems Sarah loaded that “bullet” in her speech awhile back....She sure is dumb!..../s

15 posted on 09/15/2011 8:11:33 PM PDT by M-cubed
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To: randita
Yes interesting that some of the commie networks are giving this the time of day. Repubs should pursue, but don't take your eye of the ball, I suspect it's all a head fake. Why? to take the heat off of Fast and Furious, or something worst that hasn't been uncovered.
16 posted on 09/15/2011 8:27:15 PM PDT by DAC21
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To: Nachum
Nobody was murdered by Solyndra, it was just a half-billion dollar scam to a pal.

The MSM won't even acknowledge this one.


17 posted on 09/15/2011 8:32:57 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Travis McGee; golux; proud_yank; Bockscar; grey_whiskers; WL-law; IrishCatholic; Whenifhow; ...
 


Beam me to Planet Gore !

18 posted on 09/16/2011 12:53:36 AM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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