Solyndra raised about $528 million of the $535 million in federal loan guarantees, according to its bankruptcy filing.
The loan attracted attention from Republican lawmakers early on as they questioned whether politics played a role in the company getting funding. One of the company’s investors, George Kaiser of Oklahoma, helped raised money for President Barack Obama’s presidential campaign.
Republican Rep. Cliff Stearns, chairman of a House subcommittee investigating Solyndra, recently called on the White House to release all communications between the White House and Solyndra and its investors. The House Energy and Commerce Committee issued a subpoena in July seeking documents from the White House Office of Management and Budget.
Democrats opposed those efforts, but on Thursday began to change their tact. Rep. Henry Waxman, D-Calif., called on Stearns to invite Solyndra CEO Brian Harrison to a hearing on Sept. 14. Waxman said that Harrison met with committee members less than two months ago and assured lawmakers that the company was in a strong financial position.
“These assurances appear to contrasts starkly with the company’s decision to file for bankruptcy...,” Waxman said.
“Waxman said that Harrison met with committee members less than two months ago and assured lawmakers that the company was in a strong financial position.
These assurances appear to contrasts starkly with the companys decision to file for bankruptcy..., Waxman said.”
Waxman can spot subtle inconsistancies that would just fly past normal humans.