September 13, 2011
"Newly uncovered emails show the White House closely monitored the Energy Department’s deliberations over a $535 million government loan to Solyndra, the politically-connected solar energy firm that recently went bankrupt and is now the subject of a criminal investigation. The company’s solar panel factory was heralded as a centerpiece of the president’s green energy plan — billed as a way to jump start a promising new industry. And internal emails uncovered by investigators for the House Energy and Commerce Committee that were shared exclusively with ABC News show the Obama administration was keenly monitoring the progress of the loan, even as analysts were voicing serious concerns about the risk involved. “This deal is NOT ready for prime time,” one White House budget analyst wrote in a March 10, 2009 email, nine days before the administration formally announced the loan."

Emails: Obama White House Monitored Huge Loan to ‘Connected’ Firm - ABC News

So this is bad.

When the government loans money, it’s generally because no one else will.  And when no one else will, it’s generally for a reason.  If you add in campaign contributions, you get a big, stinking pile of Solyndra.

(via jeffmiller)

This might get ugly.

(via jeffmiller)

  1. metheliving reblogged this from tooseriousman
  2. whateveryourhandfindstodo reblogged this from jeffmiller
  3. tooseriousman reblogged this from jeffmiller
  4. laliberty said: It’s leftist corruption. Ergo, generally ignored by media.
  5. jeffmiller posted this