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Emails suggest White House involvement in loan to bankrupt Abound Solar
Daily Caller ^ | 10/27/2012 | Michael Bastasch

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 KUSA’s 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 President’s 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 wasn’t 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 Colorado’s economy in 2010.

Another email puts into question Abound’s 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 ...

TOPICS: Crime/Corruption; Government; News/Current Events; Politics/Elections
KEYWORDS: dncrico; greenenergy; liarobama; obamatheliar; rico
Can we say,"Most Presidential Pardons ever, more than any 3 Presidents combined?"
1 posted on 10/27/2012 12:46:19 PM PDT by Snuph
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To: Snuph


Solar panels that catch on fire in the sun, brilliant!

How much federal money went into that?

2 posted on 10/27/2012 12:50:34 PM PDT by GeronL (
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To: Snuph

Can’t pardon unless convicted!

3 posted on 10/27/2012 1:11:04 PM PDT by WellyP (question!)
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To: Snuph


4 posted on 10/27/2012 1:13:08 PM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

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.

5 posted on 10/27/2012 1:40:41 PM PDT by spawn44 (moo)
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To: Snuph

When will reporters get tired of being lied to by this serial liar???

6 posted on 10/27/2012 2:47:19 PM PDT by txrefugee
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To: GeronL

400 million for Abound..... What a waste.

7 posted on 10/27/2012 3:21:23 PM PDT by ncfool (OMG 2012)
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To: Snuph


8 posted on 10/27/2012 4:05:11 PM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: ncfool


how much of that $400M went into pockets of friends and allies of Obama?

9 posted on 10/27/2012 5:00:09 PM PDT by GeronL (
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