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Obama Fundraiser Llnked To Loan Program That Aided Solyndra
LATimes ^ | September 16, 2011 | Matea Gold and Stuart Pfeifer

Posted on 09/16/2011 8:00:05 PM PDT by Steelfish

Obama Fundraiser Llnked To Loan Program That Aided Solyndra The revelation is likely to spur new inquiries about the solar company's political influence. Separately, California lawmakers seek investigation of a state tax break the firm received.

By Matea Gold and Stuart Pfeifer September 17, 2011

The White House faced mounting political complications as a second top fundraiser for President Obama was linked to a federal loan guarantee program that backed a now-bankrupt Silicon Valley solar energy company, and as two California lawmakers called for investigations of a state tax break granted to the firm.

Steve Spinner, who helped monitor the Energy Department's issuance of $25 billion in government loan guarantees to renewable energy projects, was one of Obama's top fundraisers in 2008 and is raising money for the president's 2012 reelection campaign.

Spinner did not have any role in the selection of applicants for the loan program and, in fact, was recused from the decision to grant a $535-million loan guarantee to Solyndra Inc. because his wife's law firm represented the company, administration officials said Friday.

But Spinner's role as a top official in the Energy Department program, which had not been previously revealed, is likely to spur new inquiries into whether political influence played a role in the handling of the "green" energy fund. Solyndra faces a congressional probe, a criminal investigation and separate internal inquiries at the Energy and Treasury departments.

"This will fuel more questions, and now you've got real people involved at the inspector-general level who will be turning over chairs and cabinets, asking questions," said Stanley Brand, a criminal defense and ethics lawyer in Washington who has served as general counsel to the U.S. House of Representatives.

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


TOPICS: Crime/Corruption; Politics/Elections
KEYWORDS: 2012election; bundlers; climategate; fundraisers; governmentloans; loanguarantees; loans; obamacoruption; patronage; pinner; solarenergy; solarpoweredscams; solydra; spinner; stevenspinner; stevespinner

1 posted on 09/16/2011 8:00:12 PM PDT by Steelfish
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To: Steelfish

More corruption from the Obama regime. I guess now we know why Barry started that hilarious BarackAttack website.


2 posted on 09/16/2011 8:04:45 PM PDT by FlingWingFlyer (Hey Mexico! Your poverty isn't America's problem.)
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To: Nachum

For your list...


3 posted on 09/16/2011 8:05:26 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Steelfish
They also reworked the loan to benefit Obama fundraiser.

—The Obama administration restructured a half-billion dollar federal loan to a troubled solar energy company in such a way that private investors —including a fundraiser for President Barack Obama —moved ahead of taxpayers for repayment in case of a default, government records show. link

4 posted on 09/16/2011 8:07:40 PM PDT by opentalk
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To: steelyourfaith

Solyndra Ping.


5 posted on 09/16/2011 8:09:02 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Steelfish

These reports are all so confusing! Time to head over to www.AttackWatch.com and get “armed with the facts.”


6 posted on 09/16/2011 8:11:09 PM PDT by kevao
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To: Steelfish

For those of us in flyover country, is the LA Times the lib paper? If so, this is encouraging.


7 posted on 09/16/2011 8:12:04 PM PDT by mplsconservative (Impeach Obama Now!)
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To: mplsconservative

Wolf Blitzer had a segment tonihjt. I eas stunned to see CNN call Solyndra a White House fiasco.


8 posted on 09/16/2011 8:15:31 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: kalee

Tonight was typing on the nook without my contacts again


9 posted on 09/16/2011 8:16:53 PM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: Steelfish

Nice little incestuous group there, what? Obama>his fund raiser involved in $25/B worth of energy allocations>HIS wife representing Solyndra through the loan process>all those private meetings>the loan re-written to protect another of Obama’s fund raisers>now who’s going to be tagged in the nice tax break in California? Lots of Obama fund raisers out there.


10 posted on 09/16/2011 8:19:09 PM PDT by RowdyFFC
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To: mplsconservative

Yes.

Maybe they are mad at him for keeping Gitmo open.


11 posted on 09/16/2011 8:19:32 PM PDT by piasa (Attitude adjustments offered here free of charge)
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To: kalee
I eas stunned to see CNN call Solyndra a White House fiasco.

More stunning would have been for Wolfie to use the proper term -- scandal! But then, in his world, scandals are possible only under Republican administrations.

12 posted on 09/16/2011 8:20:37 PM PDT by kevao
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To: Steelfish
So where is the preparation for impeachment? Between Solyndra (bribes, FEC violations), LightSquared (suborning perjury and conflict of interest of the President being an investor), and the Algore $59,000 electric sports car built in Finland (wasteful frivolity of tax dollars) should we determine how many crimes and misdemeanors hits the threshold to be actionable? We could have fixed all 153 fictional Soetoro bridges just with these three green (read pay-off $) projects.
13 posted on 09/16/2011 8:31:16 PM PDT by SERKIT ("Blazing Saddles" explains it all......)
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To: Steelfish

Someone will attach the stupid -gate suffix to this massive circus of theft and corruption, but Richard Nixon was a patriot and an exemplary American compared to ANY Democrat and their serial criminality/incompetence (Truman excepted), before or since.


14 posted on 09/16/2011 8:33:18 PM PDT by EyeGuy (2012: When the Levee Breaks)
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To: Steelfish
Spinner, who left the department a year ago, remains an enthusiastic proponent of the loan guarantees. In an op-ed he co-wrote on the blog ThinkProgress on July 13, he urged Congress to appropriate more money to the effort, calling it "an outright success."

I wonder what his standards for success are.

Two other renewable energy companies that got stimulus money also went bankrupt. So what does success look like to the Obama administration?

15 posted on 09/16/2011 8:35:01 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Pontiac

I know what it looks like to me.

It looks like “Reward your friends”.


16 posted on 09/16/2011 8:38:44 PM PDT by chris37 (representative)
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To: Pontiac

The left realizes that Obama is toast and they now need a issue to sideline him. They need a new candidate..like Hillary, but first they need to kill off Obama..let’s watch as they pile on.


17 posted on 09/16/2011 8:40:07 PM PDT by Oldexpat
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To: Steelfish

Call and write your congressman about this! I’m sure my congressman would love to have this investigated, but he’s really busy on the House Oversight Committee investigating Fast and Furious.


18 posted on 09/16/2011 8:51:15 PM PDT by Paleo Conservative
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To: Pontiac
So what does success look like to the Obama administration?

Money in the bank. And votes in the box.

19 posted on 09/16/2011 8:51:42 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: chris37

. . . “and punish your enemies” . . . .

Who said that?


20 posted on 09/16/2011 8:55:33 PM PDT by atc23 (The Confederacy was the single greatest conservative resistance to federal authority ever.)
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To: Oldexpat
The left realizes that Obama is toast and they now need a issue to sideline him.

That is a dangerous card for the Dims to play.

Nearly every one of them has followed the Obama plan from day one; Obama Care Stimulus I & II, and QE. Now they follow Obama with Pass This Bill Now.

No I don’t see it. If they surrender Obama to the Solyndra scandal they pretty much risk loosing everything and by that I mean a rout in November 2012.

They know Obama will spend as much as it takes to when a primary so they may as well back him. They have tied their fate to his since he won in 2010 it is too late to turn back now.

21 posted on 09/16/2011 8:55:54 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Pontiac
I wonder what his standards for success are.

If you believe, as I do, that Zero's goal is to Cloward and Piven the USA into Turd World status, then these perceived failures are in fact some of his greatest successes.

22 posted on 09/16/2011 9:02:14 PM PDT by kevao
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To: Pontiac
According to his Linkdin profile, he is/was a Senior Fellow at the Center for American Progress, funded by .... anyone? ... anyone at all? ... Bueller? That's right, George Soros.
23 posted on 09/16/2011 9:12:15 PM PDT by PDMiller
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To: Steelfish
If this is bad, the possibility of income tax fraud is going to really cause no end of legal troubles for Solyndra--especially if the IRS gets involved. Ouch!
24 posted on 09/16/2011 9:16:11 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Oldexpat
The left realizes that Obama is toast and they now need a issue to sideline him. They need a new candidate..like Hillary, but first they need to kill off Obama..let’s watch as they pile on.

Correct! The best thing the Republicans can do at this point is shut up and hope Obama is the Democrat nominee. When and if he is the nominee, the Republicans can replay scandal after scandal after payoff after payoff and a multitude of crimes.

25 posted on 09/16/2011 9:17:15 PM PDT by cpdiii (Deckhand, Roughneck, Mud Man, Geologist, Pilot, Pharmacist. THE CONSTITUTION IS WORTH DYING FOR!)
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To: Steelfish
Wow...this is going to leave a mark....
I'm beginning to thing that the ground is falling out for the usurper...karma baby.
26 posted on 09/16/2011 9:23:08 PM PDT by rightwingextremist1776
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To: Army Air Corps; golux; proud_yank; Bockscar; grey_whiskers; WL-law; IrishCatholic; Whenifhow; ...
Thanx for the ping Army Air Corps !

 


Beam me to Planet Gore !

27 posted on 09/16/2011 9:33:53 PM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: atc23

http://www.youtube.com/watch?v=hnnwJ1rgCnM

It was that “guy” who can’t quite seem to grow a moustache ^^


28 posted on 09/16/2011 9:39:48 PM PDT by chris37 (representative)
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To: Steelfish
I'm thinking the Democrat party, led by the Clintons, has turned on Obama.

All this dirty dealing, accusations of a gender-hostile work environment...rumors of "depression"...falling poll numbers...

All very recent and seemingly orchestrated.

Ok, call me crazy.

29 posted on 09/16/2011 10:28:43 PM PDT by Mariner (War Criminal #18)
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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


30 posted on 09/17/2011 8:43:03 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Steelfish

So is Steve Spinner now the designated fall guy? Inquiring minds want to know.


31 posted on 09/17/2011 8:52:44 PM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: Steelfish
Who's the stupid one now!

At least George Bush was smart enough to tell these thieves to go f themselves.

32 posted on 09/18/2011 5:40:36 AM PDT by TexasCajun ('Fast & Furious' & Solyndra & would be enough to impeach any White President !!)
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To: TexasCajun

Spot on!


33 posted on 09/18/2011 8:14:47 PM PDT by Army Air Corps (Four fried chickens and a coke)
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