Posted on 09/02/2011 7:28:10 AM PDT by mandaladon
House investigators said they have uncovered evidence that White House officials became personally involved in an Energy Department review of a hot-button $535 million loan guarantee to the now-failed California solar company Solyndra.
The allegation surfaced in a letter House Energy Committee Chairman Fred Upton (R-Mich.) sent to the White House Thursday night, saying he planned to accelerate efforts to understand an investment deal that may have left taxpayers out half a billion dollars.
"We have learned from our investigation that White House officials monitored Solyndra's application and communicated with [Department of Energy] and Office of Management and Budget officials during the course of their review," the letter says.
Thursday's letter, which calls on the White House to turn over correspondence between administration officials, Solyndra and its investors, presents the most pointed suggestion that the White House had direct involvement in the financing.
"How did this company, without maybe the best economic plan, all of a sudden get to the head of the line?" Upton told ABC News in an interview this week. "We want to know who made this decision ... and we're not going to stop until we get those answers."
READ: Solyndra Collapse a 'Waste' of Half a Billion By Obama, GOP Critics Say
White House officials have said in interviews that they did not intervene in the Solyndra deal or others benefiting companies backed by supporters of the president. Yet the administration, from Obama to the Department of Energy, has very publicly praised the loan guarantee.
(Excerpt) Read more at abcnews.go.com ...
>> I haven’t decided who is dumber - obozo and his “experts” or the morons that voted for him in the first place.
The “progressive” food chain is a giant, interwoven, tie-dyed, rainbow-colored FABRIC of stoopid.
My local Ford dealer makes the same claim.
1. Where exactly did the 1/2 Billion dollars go?
2. How much did the CEO and board pay themselves?
3. How much money was funneled BACK to the obama and the democrat party?
4. How could a company that got over 1/2 Billion dollars go bankrupt in just 18 months?
5. Is this Hope and Change?
I wonder how many “Obama-damning” stories will be coming out between now and the election. Once he loses the covering the MSM has given him since 2007, the stink could increase exponentially.
The clown fell off the face of the earth, cannot find anything on the net about him after he resigned.
CHICAGO WAY PING!
Bookmarking your post!
Ping!
How much of the $535 million made it’s way back into the coffers of democrats running for office?
No accountability, When millions in stimulus went to fake zip codes; early in this administration; no investigation, it was an indication of more to come.
Issa can investigate and investigate, it becomes a show to appease us. Geithner and Tarp, Holder and Panthers, Gun Walker and Obama....
Liz: See you have been pinged, but see post 12 and 19-—and thread below [linking to an ABC article from May 24, 2011].
Did Obama Administration Cut Corners For a Green Energy Company? (Solyndra)
ABC News & iWatch ^ | May 24, 2011 | By MATTHEW MOSK and RONNIE GREENE
Posted on Friday, September 02, 2011 9:34:54 AM by newzjunkey
The Obama administration bypassed procedural steps meant to protect taxpayers as it hurried to approve an energy loan guarantee to a politically-connected California solar power startup, ABC News and the Center for Public Integrity’s iWatch News have learned …
The Energy Department in March 2009 announced its intention to award Solyndra Inc. a $535 million loan guarantee before receiving final copies of outside reviews typically used to vet such deals. ...
http://www.freerepublic.com/focus/f-news/2772565/posts
1. Where exactly did the 1/2 Billion dollars go?
2. How much did the CEO and board pay themselves?
3. How much money was funneled BACK to the obama and the democrat party?
4. How could a company that got over 1/2 Billion dollars go bankrupt in just 18 months?
~~~~~~~~~~~
A good starting list of questions that need to be answered!
Trace the funds-Washington to the "Green" company, from the "Green" company to the Democratic party.
The list, ping
Let me know if you would like to be on or off the ping list
SNORT.
One half the population has an IQ below 100, some groups are even worse. They all are taken to the polls and shown how to vote.
I crack me up.
5.56mm
In this May 26, 2010 file photo, President Barack Obama, with Solyndra Chief Executive Officer Chris Gronet, looks at a solar panel, during a tour of Solyndra, Inc., a solar panel manufacturing facility, in Fremont, Calif. Solyndra received a $535 million loan from the U.S. government has announced layoffs of 1,100 workers and plans to file for bankruptcy. (AP Photo/Alex Brandon, File)
BELTWAY CONFIDENTIAL---- Solyndra's lobbyists
by Timothy P. Carney Senior Political Columnist, Washington Examiner
The Obama administration sure liked to tout Solyndra, the solar-power company that took in millions of federal subsidies before going bankrupt this week. Given that this company's short life was dependent on government connections, it's worth looking at Solyndra's lobbyists. I've spent a good bit of time studying companies' lobbyists, and Solyndra has a pretty impressive lineup, on par with much bigger companies. Here are a few:
* In July, Solyndra retained the powerful Glover Park Group, where the company's lobbyists include top Max Baucus aide and Environment & Public Works Committee staffer Catherine Ransom, longtime Republican aide Alex Mistri, and Energy and Commerce staffer (and former John Kerry Legislative Director) Gregg Rothschild.
* The company's in-house lobbyists are former top Republican Hill aides Joe Pasetti and Victoria Sanville.
* Solyndra's biggest lobbying contract is with McAllister & Quinn, co-founded by Steny Hoyer's chief of staff Andy Quinn. Steve Ham, another former Hoyer staffer at McA&Q, is on the Solyndra account, as is Al D'Amato aide Chris Fish, and former American writer Kyle Winslow. Gotta love it when young cub writer jump from liberal magazines to K Street.
* As befits any company seeking green subsidies, Solyndra retained McBee Strategic Consulting. Steve McBee, a former Dem Approps aide, helped lower the standards for federal green energy financing before signing Solyndra as a client and getting Solyndra the financing under these lower standards. Former Democratic Energy & Natural Resources staffer Angela Becker-Dippmann was also on the Solyndra account.
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/solyndras-lobbyists
Ha!! The only difference is the Ford dealer is losing his OWN MONEY!! Best car salesman I ever knew would sell a car with all kind of claims. Customer would come back saying “you told me this or this”. Salesman would laugh and say, “you know I'm just a used car salesman, what did you expect”!! Customer would laugh and come back to the salesman again and again!!
That's a laugh. No way did Obama OR his fundraiser "waste" $535 million. Fact is, much of it is stashed offshore.
Will be wire-transferred back in the form of "small" campaign contributions which will be touted as being from "loyal" Obama supporters.
Keep in mind:
<><> Obama took over the census when he got in---he has all the CV needed to pass federal money rerouted to his campaign as "contributions"......to pass muster for the FEC.
<><> Connivers Soros and Emanuel know the Madoff MO well: Bernie's assets were stashed in a super-secret labyrinth of interrelated international funds, institutions and financial entities of almost unparalleled complexity and breadth......with assets and businesses in multiple places overseas that hid thievery, money laundering and tax evasion.
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