Posted on 10/09/2011 12:25:57 PM PDT by Hunton Peck
The Obama administration engaged in a pattern of approving loans that were not qualified to receive taxpayer money, according to one Republican House chairman who says the development is as disturbing as the potential loss of billions of dollars in investments.
Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Relations Committee, said Sunday that the administration's approval of a loan guarantee for solar power company Solyndra -- which went belly up shortly after a half-billion dollar investment by the federal government -- is just one example of a "breach of protocol" in approving loans.
Issa said the Energy Department actually approved $4.75 billion worth of loans on the last day that the law allowed for financial backing of alternative energy firms.
"We're finding it's not just Solyndra. It's a pattern of these sorts of investments," Issa told "Fox News Sunday." "One of the questions we have for (Energy) Secretary (Steven) Chu is, tell us why that last day, somehow, you had everything you needed and you didn't have it over a period of time before?"
He said that his committee is less interested in debating the merits of "green energy" and what qualifies as jobs created in that field than at looking to see whether political connections interfered in the approval process for struggling companies, and whether that interference pushed the Obama administration to back a loan for a creditor who otherwise would have been left holding the bag after Solyndra's bankruptcy claim.
"The American people have a right to except that the rule of law will guarantee that even if we don't like the policy, that it's done properly," Issa told "Fox News Sunday."
"Remember this was a $500 million earmark, effectively, by political appointees,
(Excerpt) Read more at foxnews.com ...
I’ve just realized from this photo where that Zuccotti park is - that’s the park between Cedar and Liberty streets, kitty-corner across from Ground Zero, isn’t it?! That building on the right in the photo is One Liberty Plaza, with the new, under-construction 4 World Trade Center just beyond it in the photo.
If that IS where the flop-house park is, I sure hope those trashy squatters have been kept away from Ground Zero itself!
Where’s Guiliani when you need him?!!
Why, that almost sounds like a high crime, or at the very least, a misdemeanor.
But it’s just about sex!
Err, wait. Wrong criminal administration....
Why can’t you MoveOn and let the President get back to doing the nation’s business?
Oh, no. Wrong again . . .
I have seen other Craig’s List ads for protestors. Interesting.
All for elite liberal causes...
The elites must be embarrassed no one stands with them without being paid...
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