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Email ties Solyndra scandal directly to White House

Posted by: Phineas on August 3, 2012 at 1:08 pm » 8 Comments

**Posted by Phineas If former White House Chief of Staff Bill Daley knew about Solyndra’s financial troubles, and yet the DoE still went ahead with restructuring the loan to illegally subordinate taxpayers in the event of default, what are the odds Barack Obama didn’t know? Buried in the treasure trove of White House emails related […]

 

The Solyndra fiasco summarized

Posted by: Phineas on June 3, 2012 at 4:01 pm » 4 Comments

**Posted by Phineas The Washington Post has a good summary of the Solyndra loan fiasco. For those not familiar, Solyndra was a “Green energy” company that bet it could make big bucks selling solar panels that were more expensive than those produced in China. Yeah, I know. Dumb bet. Anyway, Solyndra applied for a loan […]

 

Quote of the Day, “Journalists just don’t get it” edition

Posted by: Phineas on December 27, 2011 at 11:01 am » 4 Comments

**Posted by Phineas Iowahawk on the Solyndra debacle and The Washington Post‘s ideological blinders: Look, I have nothing against Linda Sterio, any more than I have anything against a waitress unwittingly employed by an Al Capone speakeasy. I wish her well in obtaining employment. But let’s be clear: the scandal is not that she lost […]

 

Solyndra: taxpayer-funded bonuses for the bankrupt — Update: subpoena issued

Posted by: Phineas on November 3, 2011 at 1:01 pm » 4 Comments

**Posted by Phineas Remember when Congress, the MSM, and President Obama were all aghast and outraged at the bonuses paid to AIG execs after the 2008 crash? So you can be sure they’ll be pounding the podium over bonuses paid to executives of now-bankrupt Solyndra: Karen Alter, senior vice president of marketing, received two $55,000 […]

 

#Occupy the Department of Energy! Or, loans for Russian billionaires?

Posted by: Phineas on October 27, 2011 at 1:01 pm » 5 Comments

**Posted by Phineas I must’ve missed the memo announcing the rebirth of the Friends of Angelo program under the aegis of the Department of Energy. Under the leadership of Secretary Chu (Like his boss, a Nobel Prize winner. Be impressed.), the DoE has fast-tracked and awarded loans with preferential terms (1) to a failing “Green” […]

 

Politico drops a bombshell on #Solyndra scandal thanks to Friday WH docu-drop

Posted by: ST on October 7, 2011 at 5:03 pm » 13 Comments

One word: Wow: A prominent 2008 Barack Obama fundraiser who held a key role in the Energy Department played an active part in Solyndra’s $535 million loan guarantee despite conflict of interest concerns over his wife’s work at a law firm that also represented the California solar company, according to internal Obama administration emails released Friday. Steve […]

 

The Solyndra albatross is just one more example of Obama’s “Chicago Way”

Posted by: ST on September 19, 2011 at 6:47 pm » 4 Comments

Chicago Tribune columnist and longtime Obama critic John Kass blasted the administration yesterday in a column in which he reminded folks how the growing Solyndra scandal was nothing more than Business As Usual for longtime practitioners of The Chicago Way: The Solyndra scandal cost at least a half-billion public dollars. It is plaguing President Barack Obama. And it’s […]

 

Solyndra: next stop for the FBI — the Department of Energy?

Posted by: Phineas on September 9, 2011 at 8:13 pm » 6 Comments

**Posted by Phineas Not only did the DoE work to get the now-bankrupt solar-power manufacturer sweetheart loans (guaranteed with your money), but Energy representatives sat in on the company’s board meetings during the time it’s business was swirling the drain: When Harrison came to Washington in July, he said, the company was hoping to land […]

 

Oh my. FBI raids bankrupt Obama-favorite Solyndra

Posted by: Phineas on September 8, 2011 at 3:24 pm » 10 Comments

**Posted by Phineas That’s the California solar-power manufacturer that somehow managed to secure a $535 million, federally-guaranteed (1) loan through the Department of Energy at a sweetheart interest rate, even though their financial condition and business plan never warranted it. But, and I’m sure it’s a coincidence, the major shareholder is a top Obama donor […]