Republicans have accused the administration of favoring Solyndra because its largest investors were funds linked to Oklahoma billionaire George Kaiser, a fundraiser for the president.
Basically, this guy George Kaiser was a fundraiser for Obama and yet he is also tied to being the largest investor in Solyndra.
And if one restructures a loan so that I loan you money but then make it so that you get first claim on any money if bankruptcy occurs.
Since the Billionaire controlled the campaign funds for Obama and for Solyndra, the money lent to Solyndra could easily have made it into President Obama's hands or into Michelle Obama's hands and be 'legal' -- if you consider this type of loan legal.
Which is precisely why it is referred to as money laundering and illegal loan.
What happened is the following:
1. Billionaire controls Solyndra and is Obama Fund Raiser.2. Loan is illegally restructured that in case of default, the money goes to Obama's agent the Billionaire, which then could go directly to Obama.
3. Company does default, and the taxpayers get only $24 million. The other $527 million goes to the Billionaire and indirectly to Obama.
4. The FBI did raid the Silicon Valley offices of Solyndra since they considered illegal activity was going on.
I imagine there are some lay terms for this illegal activity. But it is clearly illegal if the president pressures for a loan that directly benefits him (in terms of how the loan is structured).
Maybe Solyndra is Obama's retirement fund...
Where are these records? What is the status of this investigation? Were those even real FBI officers?