Skip to comments.Obama chief of staff Daley briefed on Solyndra concerns six months before bankruptcy
Posted on 08/03/2012 6:38:52 AM PDT by chessplayer
The Solyndra scandal took a big step up the ladder today, as ABC News uncovers new evidence that shows fears over a collapse reached all the way into the West Wing. An OMB analyst tried to raise red flags on the Obama administrations attempt to rescue the now-bankrupt green-tech firm, before the Department of Energy rejected her advice and restructured the loans in March 2011, which illegally subordinated taxpayers in case of default. An e-mail from Kelly Colyar in August 2011 reminded recipients that she had predicted that very scenario and that White House chief of staff had been briefed on her warning in February, before the restructuring:
"Buried in the treasure trove of White House emails related to Solyndra released Thursday by the House Energy and Commerce Committee is one suggesting that concerns about Solyndras viability were shared all the way up to then-White House Chief of Staff Bill Daley a full six months before the company went bust.
As Solyndra began sinking for good last August, Colyar sent an email summarizing the events leading to a near total taxpayers loss of the $535 loan.
You may recall that DOE announced in March that they had restructured the Solyndra loan, Colyar writes. Prior to this restructuring, OMB staff expressed reservations about the prospects of the company and DOEs proposal.
And heres the key line: The issue was discussed with the NEC and the Chief of Staff.
I wonder if the person who "uncovered" this evidence is still employed.
He had to get his share of the money laundering.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.