Posted on 09/15/2011 5:08:59 AM PDT by Kaslin
I’ve heard enough now.
It’s time for Congress to appoint a special prosecutor in the Solyndra case.
Beside the foot dragging inside the White House and the OMB in document production, revelations made recently about political pressure from inside the administration on the Office of Management and Budget to approve the Solyndra deal, and the subsequent restructuring that put taxpayers at greater risk, say that there is no way the administration can be expected to investigate itself with any reasonable level of objectivity.
And an investigation is warranted.
In February, the administration renegotiated with Solyndra’s billionaire investor- remember the one who was also a big contributor to the Obama campaign?- as the company was failing. That deal allowed billionaire George Kaiser’s foundation to jump ahead of the American taxpayers for all but $150 million of the government’s $527 million loan in any company bankruptcy.
Oh, and it’s a transaction that also happens to be illegal. Although Democrats are floating the idea that the government has the authority to make the taxpayers take a back seat to Kaiser in a bankruptcy, sources close to the investigating committee say that a plain reading of the statute never allows taxpayers to go to the back of the line under any circumstances.
In other words, under the law, the government always has the obligation to protect taxpayer money in any case, including a bankruptcy. It’s a novel concept for this administration, but it happens to be the law.
And bankruptcy for Solyndra was just a matter of time according to outside due diligence done by the DoE
According to Bloomberg, the credit agency hired to analyze Solyndra’s financial condition guessed as early as August, 2009 the exact date Solyndra would run out of money:
(Excerpt) Read more at finance.townhall.com ...
Of course. And a portion of what he gets paid goes back to Obama as campaign cash.
Follow the money ... right to Obama.
Unfortunately, the lamestream media will ignore it and it will get swept under the rug. I think we should start calling Obama the “Teflon President!”
Just more redistribution of taxpayer dollars to zero's favorite charity......himself.
Do you know the schedule for upcoming hearings? The C-SPAN 3 coverage yesterday was riveting. Only learned of it by stumbling across a thread yesterday. TIA.
Taxpayer ripoff continues unabated.
Tar and feather these scum, put them on trial and into prison.
I am sick of this stuff.
DC is a hotbed of criminals and corruption.
Drain the whole damn swamp.
coverage yesterday was riveting
I’m sure there is more to riveting than just riveting.
My husband thinks this’ll bring down Hussein. I replied that the bum looks black, and nothing will ever bring him down; he’ll get a pass on anything and everything. I can’t imagine one thing, criminal or otherwise, that would end his presidency. Surely, he’ll throw any number of people under the bus to protect himself, but he’ll be Teflon.
Please, God, let the mulatto be a one-term president.
This is ILLEGAL!! Where is the OUTRAGE from the MEDIA????
AMEN!! OUR taxpayer’s dollars are used by Obama as his Personal SLUSH FUND!!!!
That's unusual! Here's hoping they continue to be and all of the dirt comes out on this very special deal.
In bankruptcy, it is current for new debt to be senior to existing debt with the blessing of the Court. This is not that situation, what I read.
I’m not sure if I want to laugh or cry.....so if we have an Independent panel investigate this, 2 things can happen. The Sheeple/media dismiss it as a witch hunt and ignore OR it opens their eyes to the fact this President on every turn, wants this Country and economy collapsed and they decide to vote the magic negro out.
I pray for the latter.
Most people think Clinton got in trouble for his infidelities, but conveniently are ignorant of his perjury. The LSM always gives Dems a pass.
No, it’s supposed the most transparent administration. What is transparent though, are the lies of the current occupant of 1600 Pennsylvania Ave and the administration
Where else?
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.