Skip to comments.Obama Fundraiser Llnked To Loan Program That Aided Solyndra
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 ...
More corruption from the Obama regime. I guess now we know why Barry started that hilarious BarackAttack website.
For your list...
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
These reports are all so confusing! Time to head over to www.AttackWatch.com and get “armed with the facts.”
For those of us in flyover country, is the LA Times the lib paper? If so, this is encouraging.
Wolf Blitzer had a segment tonihjt. I eas stunned to see CNN call Solyndra a White House fiasco.
Tonight was typing on the nook without my contacts again
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.
Maybe they are mad at him for keeping Gitmo open.
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.
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.
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?
I know what it looks like to me.
It looks like “Reward your friends”.
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.
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.
Money in the bank. And votes in the box.
. . . “and punish your enemies” . . . .
Who said that?
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 dont 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.
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.
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.
It was that “guy” who can’t quite seem to grow a moustache ^^
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.
The list, ping
Let me know if you would like to be on or off the ping list
So is Steve Spinner now the designated fall guy? Inquiring minds want to know.
At least George Bush was smart enough to tell these thieves to go f themselves.