On Dec. 8, 2010, for example, White House energy and climate adviser Carol Browner and her top deputy agonized over Solyndras pending collapse.
You hear solyndra is in a severe liquidity crises and we areent likely given next doe loan? Banner week, Heather Zichal wrote. Browners reply was quick: Yep. Ugh
Those familiar with the timeline of Solyndras collapse and the loss of more than a half-billion taxpayer dollars will understand the significance of these e-mails.
Just a few weeks later, the Department of Energy restructured Solyndras loans so that taxpayer money was subordinated to later investors, allowing Solyndra to get $75 million in new financing.
That financing came from Obama campaign bundler George Kaiser, who gets his money out of Solyndras assets before taxpayers see one thin dime, which means that we wont see that thin dime any time soon, if at all
. The restructuring also either gave Solyndra sweetheart interest rates or perpetuated them despite the subordination, a move that the DoE and the White House have never explained.
Judas Priest! At least FDR's "March of Dimes" actually accomplished something!!!