Skip to comments.Treasury off'l: Taxpayers on hook for loan before commercial firms is a first with Solyndra
Posted on 10/14/2011 11:53:01 AM PDT by matthewreporter
At Fridays Solyndra hearing, an Obama administration Treasury Department official admitted that hes never heard of taxpayer money being subordinate to outside commercial firms.
That means the Obama administration is admitting its awfully suspicious that investors like George Kaisers firms and others got their cash back when Solyndra failed, but the taxpayers ended up on the hook for the $535 million the Department of Energy promised it via a loan guarantee.
(Excerpt) Read more at thedc.com ...
Barry says we can absorb it.