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Posted on 10/07/2011 1:19:26 PM PDT by maggief
An elite Obama fundraiser hired to help oversee the administration's energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife's law firm was representing the California solar company, according to internal emails made public late Friday.
"How hard is this? What is he waiting for?" wrote Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate before being appointed to a key job helping oversee the energy loan guarantee program. "I have OVP [the Office of the Vice President] and WH [the White House] breathing down my neck on this."
The $535 million loan to Solyndra was ultimately approved in 2009 and for months was touted by President Obama as a model of his efforts to create new jobs in the emerging field of clean energy. But in late August, the company abruptly shut its doors and days later declared it was filing for bankruptcy. Now the loan is the subject of multiple investigations, by Congress and by the Department of Justice.
In one of the new emails shared with ABC News and other news outlets Friday, the White House appears to be bracing for the political fallout -- one high ranking energy official in the White House warns shortly before Solyndra's bankruptcy, on Aug. 26, that what's coming is a "s___ show" and "a mess."
(Excerpt) Read more at abcnews.go.com ...
http://swampland.time.com/2011/10/07/more-solyndra-emails-detail-role-of-second-obama-fundraiser/
In another e-mail chain, Aditya Kumar, an aide to then Chief of Staff Rahm Emanuel and Vice President Biden, wrote to Spinner on August 19, 2009 to ask about concerns that had been raised about Solyndra’s future. “Folks here want to know what the funding community thinks of the Solyndra deal, and whether there are any concerns there,” wrote Kumar.
Spinner responded by saying he knew of no such concerns. He later forwarded a list of the private investors in the company, including a brief bio of George Kaiser, another Obama fundraiser who was one of the company’s major investors.
Solyndra and Fast & Furious are going to take this POS POTUS down.
This could get VERY interesting if two of the MSM networks start trying to scoop each other. Bet they are getting plenty of pressure from 1600 Pennsylvania Avenue.
Boy the stench from this thing is getting strong ...
The administration didn't give them the money because they thought it was a great investment, they gave them the money because it was political payback.
Ping!
That can't be it because Barak Hussien Obama just told us that they expected to win some and lose some ... so its all good you see because what we had to get ahead of those dastardly Chinese solar guy people and had to risk the money ... we fully expected to have some winners and losers don't ya see ... not like it was any of our money ... oh wait
Wow. When are we going to hear the new revelation that actually Bush started the Solyndra loans?
It was known years before this loan that the Chinese were undercutting the business. They were manufacturing at $6.00 a unit and selling for $3.00, and the $6.00 cost was reduced from the even higher cost because of the new equipment. I don’t think that even Krugman, who is not the sharpest Nobel knife in the drawer, could pose a economic theory that would make this scenario plausible.
Either way for 535 Million he is a sucker.
He now has his name tarnished for life cheating taxpayers out of that money.
If the GOP had any balls they would run ads who is helping Billionaires like Soros, Buffett and Kaiser.
The article states that “Allison Spinner ‘was not involved with that transaction, nor has she ever worked with Solyndra in any capacity,’ Dorman said.”
The article fails to mention that according to the profile of Allison Spinner on the Wilson Sonsini website, she specializes in finance transactions in the clean energy sector.
I am Shocked. Really SHOCKED. ABC used the term “Elite”.
There also appeared to be objections from the Department of Treasury to the Department of Energy’s decision, in early 2011, to restructure the Solyndra loan — a restructuring that gave private investors the first opportunity to recoup some of their losses should the company fail.
Who in the Department of Energy Made the decision and WHY?
This was a Chicago money laundering Scam.
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