Skip to comments.WH Budget Official: Oh, We Made Far Worse Loans Than Solyndra
Posted on 10/10/2011 6:09:08 PM PDT by george76
Happy Monday, Obama administration. According to a new tranche of emails obtained by ABC News, the political wreckage of the Solyndra scandal could get significantly more grisly before all is said and done. In one particularly incriminating note, a staffer at the White House's Office of Management and Budget candidly frets that "bad days" lie ahead :
Emails released earlier this month show that at least one official of the Office of Management and Budget worried that Solyndra was just the tip of the iceberg when it came to ill-conceived government loans to green energy companies. (W)hats terrifying is that after looking at some of the ones that came next, this one [Solyndra] started to look better, the official emailed. Bad days are coming.
Rep. Darrell Issa, R-Calif., chair of the House Committee on Oversight and Government on October 7 wrote to Energy Secretary Dr. Steven Chu to see just what other problematic loans might exist. Specifically, Issa is seeking additional information regarding the loans approved on the final day of the program, ones made to First Solar Inc, SunPower Corp., and ProLogis Inc.
The questions clearly suggest the concern that the Department of Energy officials in charge of the loan program did not conduct due diligence before sending billions in loan guarantees out the door a concern that seems to have been shared by officials of the Department of Management and Budget.
Obama's vision helps explain why even more hefty federal loans continue to fly out the door -- despite internal and external due diligence worries -- to politically-connected "green" companies, including one with substantial ties to Nancy Pelosi's brother-in-law.
(Excerpt) Read more at townhall.com ...
We should all be a little worried that the Solyndra Scandal will be the LSM’s choice for Not Fast and Furious. F&F is criminal activity without a doubt. They will write off Solyndra to bureaucratic incompetence and the story will die. In the meantime ABC et al can claim they are covering the Obama scandals while the hope that their non-coverage of Fast and Furious will kill it as well.
We can’t let that happen.
Its Pelosi, Reid, Ellison, Durban, Frank, Waters,McCain, Schumer, Conyers, Graham, and many, many more as well, who need run out of town.
They need to be jailed!!! Each one of them are tyed to some sort of scandle or scheme to fill thier pockets
Great comment, Mark. I posted it to my FB wall with a hat tip to you.
Every time I see that Geico commercial with the guy who trained three mice to row a little boat to produce electricity, I wonder if he got 500 or 600 million for development costs!
The Ulsterman Report of Oct.11 warned more is coming and that fear is mounting among those who benefited. Immediately I thought of Pelosi. Fiction or not, the hints of coming events and likely implosion does seem to coming together. I enjoy checking it out simply for the lift it provides, after days and days of doubling down on all Marx, all the time.
The list, ping
Let me know if you would like to be on or off the ping list
I wonder how Chu is related to some of these people?
I disagree. It is the fault of the voters who blindly give them a blank check when they seek re-election!
Gonna get interesting.
Oh, what a wonderful thing to admit to...
Incompetent or just plain stupid...
It’s a toss up for me...Either way the quicker we neuter this administration, and send as many elected liberals onto the street, the better...
They can go Occupy whatever they want, all they want, whenever they want at that time...
The statement about making far worse loans than solyndra .. who wrote that statement? Biden?