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Panel probes White House support of Colo. company

Posted on 10/31/2012 5:48:42 AM PDT by TurboZamboni

DENVER—Emails between an independent consultant and the Obama administration suggest the consultant felt pressure to help arrange a loan guarantee for a Colorado solar panel manufacturer that later went bankrupt. The House Committee on Energy and Commerce asked the administration this month to explain what the U.S. Department of Energy knew about problems with a $400 million federal loan guarantee awarded to Abound Solar.

The Loveland-based company filed for bankruptcy protection this summer and laid off about 125 workers after spending approximately $70 million of its loan guarantees.

An Abound spokesman didn't return phone calls seeking comment.

Abound has been compared to Solyndra, a California solar panel maker that went bankrupt last year after spending a $535 million federal loan guarantee.

(Excerpt) Read more at ...

TOPICS: Crime/Corruption; Government
KEYWORDS: aboundsolar; criminals; democrats; dncrico; followthemoney; green; greenfraud; greenscam; rico; solar
Over 100 Criminal Probes Related to Stimulus Funding in the Department of Energy Alone

Whole lot of investigatin goin on out thar.

1 posted on 10/31/2012 5:48:50 AM PDT by TurboZamboni
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To: TurboZamboni

ONLY $400 million ?

2 posted on 10/31/2012 5:59:11 AM PDT by Eric in the Ozarks (In the game of life, there are no betting limits)
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