Skip to comments.Emails suggest White House involvement in loan to bankrupt Abound Solar
Posted on 10/27/2012 12:46:14 PM PDT by Snuph
Just one day after President Obama went on television saying that politics had nothing to do with the now bankrupt Abound Solar receiving a taxpayer-backed loan guarantee from the Energy Department, emails have surfaced that contradict these claims and suggest White House involvement in the company receiving the loan.
And these are decisions, by the way, that are made by the Department of Energy, they have nothing to do with politics, President Obama told KUSAs Kyle Clark.
However, emails obtained by COMPLETECOLORADO.COM suggest that the White House was involved in the Energy Department awarding Abound Solar a $400 million loan gurantee, contradicting the Presidents claim.
The emails also suggest that the loan guarantee was political payback to Democratic benefactor Pat Stryker.
In one email, DOE loan executive Jonathan Silver tells DOE credit advisor Jim McCrea that, You better [let] him know the [White House] wants to move Abound forward, referring to Treasury Advisor Ian Samuels who wasnt moving fast enough on scheduling calls regarding Abound.
The second page of the email mentions the transaction pressure under which we are all now operating This email chain came just days before President Obama hailed government loan guarantees as a boon to Colorados economy in 2010.
Another email puts into question Abounds market-readiness in regards to their plans with the DOE.
I was talking with Technical today
re Abound and they still have major issues with the transaction, wrote McCrea in the email. This email occurred just two months before the Abound loan was announced.
(Excerpt) Read more at dailycaller.com ...
Solar panels that catch on fire in the sun, brilliant!
How much federal money went into that?
Can’t pardon unless convicted!
Any wonder why 800 billion in stimulus money was spend by THE FOREIGNERS REGIME and no job growth was created. THE FOREIGNER makes Jimmy Carter look like RONALD REAGAN.
When will reporters get tired of being lied to by this serial liar???
400 million for Abound..... What a waste.
how much of that $400M went into pockets of friends and allies of Obama?