On Dec. 8, 2010, for example, White House energy and climate adviser Carol Browner and her top deputy agonized over Solyndra’s pending collapse.
“You hear solyndra is in a severe liquidity crises and we areent likely given next doe loan? Banner week,” Heather Zichal wrote. Browner’s reply was quick: “Yep. Ugh”
Those familiar with the timeline of Solyndra’s 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” Solyndra’s 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 Solyndra’s assets before taxpayers see one thin dime, which means that we won’t 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.
http://hotair.com/archives/2012/03/17/wh-comms-group-smarter-than-obama-chu-on-solyndra/
Judas Priest! At least FDR's "March of Dimes" actually accomplished something!!!