House Investigators Find Evidence Obama Officials Were Personally Involed In Helping Now-Bankrupt Solyndra Energy Receive Massive Federal Loan…
Some serious shadiness going on here.
(ABC News) — House investigators said they have uncovered evidence that White House officials became personally involved in an Energy Department review of a hot-button $535 million loan guarantee to the now-failed California solar company Solyndra.
The allegation surfaced in a letter House Energy Committee Chairman Fred Upton (R-Mich.) sent to the White House Thursday night, saying he planned to accelerate efforts to understand an investment deal that may have left taxpayers out half a billion dollars.
“We have learned from our investigation that White House officials monitored Solyndra’s application and communicated with [Department of Energy] and Office of Management and Budget officials during the course of their review,” the letter says.
Thursday’s letter, which calls on the White House to turn over correspondence between administration officials, Solyndra and its investors, presents the most pointed suggestion that the White House had direct involvement in the financing.
“How did this company, without maybe the best economic plan, all of a sudden get to the head of the line?” Upton told ABC News in an interview this week. “We want to know who made this decision . . . and we’re not going to stop until we get those answers.”
Posted by ZIP on Saturday, September 3, 2011, at 10:00 am | 
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Well thats are great and good, except for the fact that NOTHING will be done about it.
I wonder how many other companies who’s CEO’s donated to obamas campaign got Million Dollar loans or Stim-u less money?
Stim-u-less
The more centrally-planned any society is, the more rampant the level of corruption.
More fuel for the 2012 fire. Sure, they will drop this it serves as further evidence of the absolute corruptness of this regime.
Stim-u-*loss*
Not just the corruptness of the the regime but the whole going green thing. We throw 1/2 billion at one company and they still go bankrupt. What these greenies want to develop for us to use they cannot even afford to make! When will the Obama people realize that just because something looks good on paper does not make it viable.
Another day, another scandal. Who will do any thing about it? Books will be written about this crook and his cohorts for decades to come. My fear is that the bar for what Americans will accept has been lowered to a lethal level.
How much of that money was funneled back into DNC coffers?
And I’m sure the exact same actions will be persued as in the serious waste of billions thrown at no bid contractors in Iraq/Afghan, which of course means absolutely nothing.
Talk, talk and more talk. Waiting for the reformer. I stand with Sarah.
Costs $6 to make, they sell it for $3 and to stay competitive with the market, they must sell it for $2 or below. Sounds like a plan to me. A plan to go out of business, after robbing the American taxpayer of billions. I wonder if Van Jones had his dirty little fingers in this pie. If it’s green, you can ususally find one of his bogus money laundering companies tied up in it somewhere.
No bank in the world (left to its own devices) would make a loan based on this so-called business plan. A three year old with a piggy bank would decline.
Obamonomics in action.
I say follow the money. Follow it from start to finish. And find out whose fingerprints are on the analysis sheets. Then, subpoenas for everyone.
Millions poured down the drain of green insanity and stupidity
Sorry, make that “after robbing the American taxpayer of *millions*”
Why ask when you can use the government to take?
There is no such thing as an unnecessary government program.
If a government program fails, lather, rinse, and repeat.
Compromise means the absence of opposition to Democrats.
Talk is cheap. Heap it generously on the public
This assclown has never been held acountable for anything in his life, I doubt
this will change with this latest turd sandwich.
If this were a Republican President, he would have been impeached and removed from office for this and all the other crimes he has committed.
The REAL problem… the REAL issue is that he is a BLACK President.
Congress is so afraid of the backlash from the Flash mob crowd that they refuse to confront him.
They have admitted that the reason no one will go after him on eligibility is fear of riots from the ghettoes. All this as they are inciting race wars.
It’s time this is brought to the forefront of the discussions.
Even though we will be called racists, the truth is that it was a huge mistake to elect a black man. This was foreseeable, but because of the fear of being called racist, no one would open there mouths about it.
@Rufus:
The only thing I disagree with in your post is not that it was a huge mistake to elect a black man, but that it was a huge mistake to elect THIS black man— a man, who happens to have a black African father (we are told), with a mystifying past, few to no qualifications, and an admiration of Marxism and Islam. That should’ve raised lots of warning flags……but apparently didn’t.
I would welcome, however, principled leadership from such men as Col. Allen West, Herman Cain, and Alan Keyes.
@Vixen…
He has been using his race since before he was elected. The Blacks in this country have been using race to justify their crimes and their actions since he was elected.
When was the last time you heard of 20 white kids “flash-mob-robbing” a convenience store?
When have you heard of gangs of white kids attacking ONLY blacks at a State Fair?
Since his election the lower class (Yes, I said LOWER CLASS) has been blatantly attacking the rest of society, knowing that they can get away with anything they want.
I do agree with you, that if a Black Republican was elected, this crap probably wouldn’t be happening.
But, because it was a Black Democrat, the blacks in this country think they have a free pass to rob and kill.
Look at the news of the Black unemployment. It is directly related to their behavior. Face it, if you were hiring, would hire a black kid thses days?
No, I do not hate Obama because of his skin color.
I hate him because of the way HE has used his skin color to cause so much racial hatred.
Just like the litigation of the Wall St. banks, evidence will be destroyed or buried under executive privilege. No charges will be filed. The corruption gets kicked up a notch, and scapegoats will be skewered on the Obama spit.
Impeach.
The crooks are still at it.
Over the last six months, Solyndra executives, lobbyists, and investors, as well as officials at the DOE and OMB repeatedly told Committee investigators that Solyndra was financially sound.
Committee Democrats have continually refused to cooperate, instead protesting investigative efforts at every opportunity. The Committee was forced to issue a subpoena on July 14, 2011, to the Obama Office of Management and Budget for documents related to approving the Credit Subsidy Costs of all DOE loan guarantees – every Democrat on the Oversight Subcommittee opposed issuing the subpoena.
Timeline of Energy and Commerce Committee Investigation
February 17, 2011 – Committee Leaders submit a letter to Energy Secretary Chu seeking documents and information about the $535 million loan guarantee that the DOE Loan Guarantee Program awarded Solyndra, Inc. DOE complies with the request.
March 14, 2011 – Committee Leaders submit a letter to OMB requesting key documents and information concerning the review of the Solyndra loan guarantee. A two week deadline is set.
March 17, 2011 – Subcommittee on Oversight and Investigations holds a hearing on DOE Recovery Act Spending.
March 28, 2011 – OMB fails to meet the Committee deadline.
June 7, 2011 – After weeks of back and forth, an in camera review takes place with Committee staff and OMB staff. OMB selected eight emails between OMB and DOE to make available to Committee staff, and refused to produce the rest of the emails or the agreed-upon internal OMB emails and documents.
June 23, 2011 – Oversight and Investigations Subcommittee Chairman Cliff Stearns responded in a letter to OMB after it refused to share requested documents by the Committee regarding the Solyndra loan guarantee investigation.
June 24, 2011 – The Subcommittee on Oversight and Investigations held a hearing regarding OMB’s Role in the DOE Loan Guarantee Process. Sole witness Jeffrey Zients, Deputy Director of the Office of Management and Budget was a no show.
July 11, 2011 – Committee staff conduct a second in camera review. Committee staff asked OMB about the production of the other categories of documents sought by this Committee, specifically, OMB’s internal communications and documents relating to Solyndra, and its communications with the White House. As the OMB had done for months, OMB staff refused to provide and answer about whether they would produce these materials, and instead maintained that the OMB-DOE communications sufficiently show whether or not OMB had has done its job with regard to Solyndra.
July 12, 2011 – Energy and Commerce Committee leaders announced the Subcommittee on Oversight and Investigations were to hold a business meeting on Thursday, July 14, 2011 to consider a motion authorizing the issuance of a subpoena for certain records of the Office and Management and Budget relating to the Department of Energy’s issuance of a loan guarantee to Solyndra, Inc. on September 2, 2009.
July 13, 2011 – Oversight and Investigations Subcommittee Chairman Cliff Stearns wrote a letter to the Director of the Office of Management and Budget (OMB) to provide a final opportunity to avoid the issuance of a subpoena. OMB refused.
July 14, 2011 – The Subcommittee on Oversight and Investigations held a business meeting to consider the issuance of the subpoena. The Subcommittee voted to issue the subpoena 14 to 8.
July 15, 2011 – The subpoena is issued to OMB, setting a July 22, 2011, deadline.
July 22, 2011 – OMB fails to meet the subpoena’s dealing. Oversight and Investigations Subcommittee Chairman Cliff Stearns informs OMB that they have failed to comply with the subpoena issued on July 15, 2011 regarding the Solyndra loan guarantee. Chairman Stearns requested that OMB produce the documents no later than 9:00 a.m. Monday, July 25, 2011.
July 25, 2011 – OMB fails to produce the documents by 9:00am deadline.
August 2011 – OMB agrees to produce all documents necessary to the Committee’s investigation, with appropriate safeguards relating to proprietary information. Production continues.
http://energycommerce.house.gov/news/PRArticle.aspx?NewsID=8890
How much of these grants were skimmed into the zero campaign stash? Follow the money…..
Impeach this muslim bastard now.
Paging Mr Kenneth Starr…
A special prosecutor should have already been convened for Fast & Furious. It’s time for the GOP to quit fucking around. This administration is a bunch of corrupt son of bitches.
Every day that passes without convening a special master has me wondering just what the level of involvement is for certain members of the GOP leadership in all this corruption.
So who is surprised by this? This is just a drop in the bucket of the massive theft and fraud that has been going on.
It does not matter what is uncovered, I am convinced that nothing will be done. Instead we have Maxiepad Waters advocating for the government to sue banks for toxic loans; loans the government pressured them to make under the Neighborhood Reinvestment Act perpetrated by Clinton and the Dems. Just like taking AZ to court for immigration law. The government creates a problem, blames some one else for the results and then comes to the rescue with takeovers, bailouts, coersion, more government regulations.
If the ABC News report is accurate (a big IF) then the headline is misleading: “Obama officials” could be some low-level bureaucrat in the vast administration, but *White House officials*–the term used in the story–makes the story much more important.
Much more.
And you know on his upcoming speech Thursday he will be calling for MORE green jobs..
Who will act in the peoples behalf and begin to rid us of this enemy of the state BEFORE 2012.
Oh I’m sure Holder will issue indictment any day now. Not.
KAM
“…and we are not going to stop until we get those answers.”
Upton told ABC news. Too bad ABC won’t be there to cover the rest of the story.