Posted on 11/15/2011 8:50:12 AM PST by blam
SCANDAL DEEPENS: Energy Department Pushed Solyndra To Wait To Announce Layoffs Until After Midterm Elections
Zeke Miller
Nov. 15, 2011, 11:34 AM
Newly released emails from Solyndra executives show that the Department of Energy pressured the failed solar energy company to postpone announce layoffs until after the 2010 midterm elections.
First reported by The Washington Post, the emails show a Solyndra investor warning the company against announcing layoffs before the Nov. 2 elections, because the company's loan draw for December had yet to be approved by the Department of Energy.
Energy Secretary Steven Chu will testify before the committee on allegations that his department mismanaged the loans for political reasons.
Read the email chain, from the House Energy and Commerce committee, below:
On October 8, 2010, Solyndra executives informed DOE that the company‘s "situation has changed quite dramatically." Mr. Bill Stover, Solyndra‘s CFO, informed DOE that it would not be able to raise capital by the end of the year, as it originally had planned to do, and "without access to FFB loan funds in October, November, and December for work that has been completed, Solyndra would run out of cash in November"38
During October, documents produced to the Committee show that the company was working with its investors and bankers to identify a structure for a deal and potential new capital to bring into the company while DOE analyzed potential financial models for the deal. On October 25, 2010, Solyndra Chief Executive Officer (CEO) Brian Harrison emailed DOE and stated that "Solyndra has received some press inquiries about rumors of problems (one of them with quite accurate information) and we have received in bound calls from potential investors. Both of these data points indicate the story is starting to leak outside Solyndra."39
(snip)
(Excerpt) Read more at businessinsider.com ...
How Can The American People Ever Trust Congress Again After Learning Of The Rampant Insider Trading
Just like NBC held off reporting on the rape allegations against Clinton until after the elections.
Just like Newsweek tried to bury Monica story until Drudge found out.
Just like when the media held off on drunk driving charges against Bu.... ummmm
Just like when CBS held off using fake documents about Bush’s national guar.... ummmm
Rampant corruption in the most transparent administration in history.
Every now and then, I am tempted to excuse Obama’s communist philosophy and shockingly inept performance as gross stupidity. It’s not. We are facing pure evil.
The list, ping
Let me know if you would like to be on or off the ping list
Just like when ESPN held off on the Sandusky indictment until the seas.... ummmm
OK at this point we may need a fundraiser to build a supermax prison on some deserted Island for the Obama Administration members.
And to think Nixon was almost impeach for FAR less THAN this.
He covered up for something he had nothing to do with. Yet this entire Zero Administration is one GIANT criminal enterprise. If RICO ever applied to anything this has to be the muther of them all.
What can you expect from liberal fascist. They can’t abide by their notion of “democracy” which they claim to hold so dear.
Outrageous! In the meantime other businesses cannot get financing at all, even though they are profitable.
Time For Revolution:
How Can The American People Ever Trust Congress Again After Learning Of The Rampant Insider Trading
Unfortunately the OWS crowd is in full agreement with you.
They are pushing these stories of Congressional insider trading to set the template that only candidates who don’t believe in capitalism can be truly “clean”.
“OK at this point we may need a fundraiser to build a supermax prison on some deserted Island for the Obama Administration members.”
we already have one.
It’s called GTMO.
A fitting place for these Commie bastards to spend the rest of their miserable, pathetic lives.
Let them gaze on freedom, realizing that that is as close to freedom as they will ever get on this earth!
But the revolution should be the panty waist pubbies doing something with real teeth. I find myself getting more and more angry with these examples of corruption with nothing apparently being done about it. Where are the pubbies on these issues? Are they complicit?
Can we then, expect your letter of resignation to be immediately forthcoming, Mr. Secretary? No? I thought not...
the infowarrior
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