Sounds like a potential CYA for the Obama administration. “Oh, look, they lied, how could we possibly have known!”
That and the DOJ investigation gave those Solyndra fellows the perfect opportunity to plead the Fifth, didn’t it.
How conveeeeenient!
Bingo! This is obama cya all the way!
This gets stranger and stranger. They tried to get a loan from the Bush administration, and they were turned down (because analysis revealed that they had a bad business model and would run out of money in September, 2011, which is exactly what happened).
Since they got negative reports from just about everybody, I can’t understand why the Obama administration then handed over something like twice the earlier amount, completely disregarding the earlier analysis, or why the CEO’s persisted on their course.
I think there must have been more in it for Obama than the dubious announcement that he had “created” a job or two; it does appear that there was some involvement of the California Democratic Party in the money end of this, so possibly he was actually going to use this as a funding conduit. And as for the CEOs, I don’t see why they continued, unless they had been guaranteed by Obama that it would all be fine because there’d be more money in the pipeline later.
Is there any personal connection between Obama and any of the Solyndra people?