Posted on 09/02/2011 6:34:54 AM PDT by newzjunkey
The Obama administration bypassed procedural steps meant to protect taxpayers as it hurried to approve an energy loan guarantee to a politically-connected California solar power startup, ABC News and the Center for Public Integrity's iWatch News have learned …
The Energy Department in March 2009 announced its intention to award Solyndra Inc. a $535 million loan guarantee before receiving final copies of outside reviews typically used to vet such deals. ...
The loan guarantee, the administration's first for a clean energy project, benefited a company whose prime financial backers include Oklahoma oil billionaire George Kaiser, a "bundler" of campaign donations. Kaiser raised at least $50,000 for the president's 2008 election effort. ...
Several political allies of the president have ties to companies receiving Energy Department loans, grants or loan guarantees. For instance, the venture firm of another top Obama bundler, Steve Westly, has financially supported companies that won more than half a billion dollars in energy grants and loans during President Obama's time in office, iWatch News and ABC News reported in March. ...
(Excerpt) Read more at abcnews.go.com ...
bump
Shouldn’t a bear and the Pope be mentioned in the headline?
This money could have built 2 - 3 F22 fighters. Instead, it was flushed down the toilet, and the taxpayer got nothing for it.
While crony capitalism has always been around, Obama has taken it to a new level. The big difference is that the money he throws around is not getting to the economy.
“High crimes and misdemeanors” if true. Just one among so many.
What the Pope does in the woods is his own business.
Just wondering -—
was this another de facto reparations payment?
Who got the money?
I’m waiting for someone serious to follow this money trail.
The list, ping
Let me know if you would like to be on or off the ping list
The Pope is a bear???
Depends on the economy. Sometimes he’s a bear; other times, a bull.
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