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Keyword: bankofwashington
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Obama’s 'Bank of Washington' applauded by Solyndra CEO in email
Solyndra’s CEO labeled President Barack Obama’s administration “The Bank of Washington.” Chris Gronet offered the description in an internal email one year before the company collapsed in 2010, costing taxpayers roughly $500 million. “The Bank of Washington continues to help us!” he wrote in the October 2009 e-mail, which described several government programs and incentives. The email bolsters GOP claims that Obama’s support of green-tech companies amounted to “crony capitalism.” Several White House officials had close ties to green-tech companies, and many green-tech executives have donated to Obama’s political campaigns.
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