Obama Officials Sat In On Solyndra Board Meetings “For Months” While Company Lost $500 Million In Taxpayer Money…
Oh my.
(ABC News) — Officials from the Department of Energy have for months been sitting in on board meetings as “observers” at Solyndra, getting an up-close view as the solar energy company careened towards bankruptcy after spending more than $500 million in federal loan money.
Word of the Energy Department’s unusual arrangement came as federal agents on Thursday converged on the California headquarters of the failed solar company, focusing fresh attention on the first corporate beneficiary of President Obama’s stimulus program to create new clean energy jobs.
The company, which closed its doors last week and laid off 1,100 workers, has been a subject of an ongoing series of stories by the Center for Public Integrity’s iWatch News in collaboration with ABC News.
“The FBI is here this morning executing a search warrant,” Solyndra spokesman David Miller said Thursday. “We’ll cooperate with them and given them whatever they are looking for, but certainly it was a surprise,” Miller said. “I came to work this morning and they were here and I’ve been sorting it out.”
The early morning search was a joint operation involving the FBI and the Energy Department’s inspector general, indicating the focus of the investigation, at least in part, is a $535 million government loan to the solar company. One of the company’s primary investors was a top fundraiser for Obama’s 2008 campaign.
Questions about the loan have been simmering for months. In 2009, the Energy Department put Solyndra’s application on a fast-track for approval, and announced the award with great fanfare. The generous terms of the government loan included the lowest interest of all the green projects benefitting from Energy Department help, iWatch News and ABC News found.
Posted by ZIP on Friday, September 9, 2011, at 10:47 am | 
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The question is, how much was ‘lost’ in Switzerland, Caymans, etc.? No doubt, enough to keep Michelle in shoes, after Hubby goes to jail.
Well lets hope one agent keeps track of where the papers are going
President Barack Hussein OFailure.
You know, we should have a “progress, not perfection” attitude with Government…wait. No, that won’t work!
Exactly when will some adult with the required anatomy arrest or, at least, stop the madness?!?!?
I’m only asking….
If you find a breach, you must impeach.
Time for the House to do their job.
This empty suit has no shame. And like always, the tools of the LSM carry his water.
Can’t wait for all of this to blow up in their faces!!
Because none of Obama’s people have ever worked at a real job they had no idea what was happening rightin front of them.
What are those little bracket thinggies around that huge number ($535,000,000.00) ? Don’t worr says Solyndra, they are just for decoration.
You stupid F’tards that means they are LOOSING / STEALING ALL THE MONEY.
Where else but in government can you find this much incompetence?
Shows you what value obama officials are…..none. Nothing but dog robbers.
the shredders must have been working overtime the weeks before the Ch11 filing. I bet the hard drives and the security videos are missing too.
Lost another $500M, huh? Okay now comes the justifications that it wasn’t $14T (and rising).
One thing is for sure, Issa isn’t going to see any of these documents any time soon. Sure as hell not before Nov. 2012,
Shaw Wowbama scut FBI agents sent in to gather all incriminating evidence as a preemptive “head ‘em off at the pass”. All tracks will be covered up, protecting the junta Marxist regime of Sham Wowbama. The $500M+ will magically evaporate, the story will be buried. Sham Wowbama and his go on…………………
If anyone thinks these Federal Jack Boots were looking for evidence to incriminate ,they need their heads checked.
I’ll bet the Just-us Dept. is shredding papers by the dump truck load in the basement of the FBI right now. Holder knows how to play Chicago style games better than the Mafia, oh wait………..
Maybe Putin, errrrrr I mean Obama, will look into appointing a impartial MSM investigator to look into this travesty of Tea Party propaganda sweeping Faux News.
If the administration was ‘clueless’, it is incompetent and should be voted out of office.
If the administration was aware of everything, it is implicated in the crime, and should be removed from office.
.
They thought it was like Brewsters Millions. If they could spend $535 million in two years, they get the prize: Billions!!!! Good job.
Solyndra and Enron and Obama
No Doubt that Obama will send in Eric Holder to perform an Investigation. The Result of the investigation will be that neither Obama, or his Administration had no Involvement with this. Just Like Obama had No Involvement with Tony Rezko. Just like Obama had No Involvement with Blagovich concerning his own Senate Seat.
Can you say “Bonus!!!”
“Nice work, guys. You all get raises and two more months of vacation.”
-BHO
Is there a more compelling reason to abolish the Dept of Energy?
They saw a train wreck developing, watched it happen, and never warned anyone… is that responsible government?
Does it even matter? They won’t stop until collapse or civil war. It’s obvious.
This is the perfect storm globally. They will not stop. There is no one that will stop them through the law. Like Holder/Crapolitano will throw anyone under the bus? Please… We watch it slide everyday… The cities are deteriorating, it gets ignited from there – possibly sept 17 – us day of rage. What are they ‘raging’ against? The govt is in full support of big labor, but bailing out everyone that protest is all about. Top down, bottom up, inside out.
Something sure does smell in Obamatown. I’m sure Holder will be all over the half billion dollar scam and prosecute dozens of miscreants. Crap, what am I saying??? This administration only goes after 5 year old and their lemonaid stands.
Chicago style politics in play. The media will smokescreen this until DOJ can clean up the mess and find a scapegoat that really has nothing to do with it.
Can you say “Crony Capitalism”?
half a billion, here and half a billion there– pretty soon you’re talking about a lot of taxpayer money down a rat hole
Could it be that the raid was made for political purposes? Can the Administration now claim they can’t talk about Solyndra because of an ongoing investigation?
Gee– this investigation could go on, say, past November 2012.
They’ve got the Berkeley genius Steven Chu running the Department of Energy and he knew all about this stinker of a company. Worse, he just approved $850 million for another solar project called Genesis and he did it three days before Solyndra crashed. Great going, Dems!
Why will nobody stop this shit????????
-That when any Form of Government becomes destructive of these ends,it is the Right of the People to alter or ABOLISH IT……….
It is OUR duty to fix this.
Where’s all that money?
Has anyone checked Obama’s re-election coffers?
Scene from “Edge of Darkness”:
Mel (policeman) “That source is dead now.”
Spooky government Dude: “Now you know better than me cases like these are never solved, too complicated, too much hard work…..you just never can connect A to B.”
Mel: “Why?”
Spooky Dude: “Cause I’m usually the guy who stops you connecting A and B, part of what I do.”
So what! Loosing 500 mil is nothing compared to the 140 to 160 billion Fannie Mae and Freddie Mac lost, and look who sat on their boards. Now that’s where you need an FBI investigation.
Hired boards only look forward to the golf, gals, guys and time away from the norm. No matter his/her name is. Yeah even the kiddletts.
Fuck the actual reason some one paid for you to be here, probably triple what you normally make which is probably 8 times your actual worth on this body.
Oboma normal..
thesixfour said: “…it gets ignited from there – possibly sept 17 – us day of rage.”
This is what I’ve been expecting for some time. I’ve been telling loved-ones and friends to stay out of cities during 9-10-11, + 5. Recently, I’ve thought about today, Saturday, as being particularly dangerous. I hope I am wrong…
I wonder how much of that $535,000,000 could have been given back for campaign contributions?
Wouldn’t be surprised if there were some shady business going on there.
Get rid of the firewall between Barry and Justice (Eric Holder), and all scandals will blow up wide, and in the open!
This is all numbers by design, to choke real capitalism of capital.