I can envision a scenario in which Obama/Holder throw some important players under the bus (via indictments) just to get this story behind them by 2012. In that case, they will deal with the issue, but in a way they can control and manipulate. The DOE head, e.g.
...I don't doubt they will try, but the problem for Obama & Biden is that they personally took part in this scam - not just in some "unrecorded, behind closed doors" White House meeting - but in televised, public speeches from Solyndra's HQ. Jon Stewart sums up the liberals gut-wrenching angst about this ugly fact very humorously in his "Gift wrapped scandal the GOP has been waiting for" rant the other evening.