Posted on 08/03/2012 6:54:46 AM PDT by SE Mom
The Solyndra scandal took a big step up the ladder today, as ABC News uncovers new evidence that shows fears over a collapse reached all the way into the West Wing. An OMB analyst tried to raise red flags on the Obama administration’s attempt to rescue the now-bankrupt green-tech firm, before the Department of Energy rejected her advice and restructured the loans in March 2011, which illegally subordinated taxpayers in case of default. An e-mail from Kelly Colyar in August 2011 reminded recipients that she had predicted that very scenario — and that White House chief of staff had been briefed on her warning in February, before the restructuring:
Buried in the treasure trove of White House emails related to Solyndra released Thursday by the House Energy and Commerce Committee is one suggesting that concerns about Solyndra’s viability were shared all the way up to then-White House Chief of Staff Bill Daley a full six months before the company went bust. …
As Solyndra began sinking for good last August, Colyar sent an email summarizing the events leading to a near total taxpayers loss of the $535 loan.
“You may recall that DOE announced in March that they had restructured the Solyndra loan,” Colyar writes. “Prior to this restructuring, OMB staff expressed reservations about the prospects of the company and DOE’s proposal.”
And here’s the key line: “The issue was discussed with the NEC and the Chief of Staff.”
Oh, my. Until now, the closest this has come to Barack Obama himself was yesterday’s revelation that Rahm Emanuel — Daley’s predecessor — came up with the brilliant idea to tie his boss personally to Solyndra.
..When Solyndra imploded, Emanuel’s advice ended up backfiring on Obama and leaving him open to charges of crony capitalism.
(Excerpt) Read more at hotair.com ...
Illegal means illegal...when is the House going to go after Obama for engaging in illegal activity?
“Once again, the open question is what will the GOP do about it? “
Simple. They will do nothing. The GOP is totally devoid of leadership. You hand them raw meat, and they let it spoil.
Ping
I'd be willing to extend 2 to 1 odds that NOTHING will ever come of this. WHY?
Because the system is TOTALLY "out of control" and there is NO ONE on the horizon who can back the beast off.
Stories such as this tell me America is in much deeper $hit then most folks are really aware of.
Thanks for posting this....fits in with the Global warming hoax....which is to support Green Energy as a money making enterprise....in every form possible.
The whole DOE green energy program was a scam to skim taxpayer dollars for the use of the Obama cabal.
Tip of the iceberg. It is an across the board Cloward-Piven strategy to loot America.
The GOP must enterprise on these kinds of announcements. The more people see through CSPAN and other sources how bad these goons are the more independents just might go for Mitt.
dekramkoob...hell everything else is bassackward, smoking gun, now just found the casing.
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