Treasury Department Launches Investigation Into Solyndra Loan…
Interesting development but at the end of the day Tim Geithner is still head of the Treasury Department.
(ABC News) — The Treasury Department’s inspector general has opened a new front in the investigation of the government loan to Solyndra, the now bankrupt company that had been touted as a model of President Obama’s ambitious green energy program, ABC News and the Center for Public Integrity/iWatch News have learned.
The new probe involves the $535 million loan, arranged by the Energy Department, but actually processed by the Federal Financing Bank, a government lending institution that falls under Treasury’s control. Already, the FBI and the Energy Department’s inspector general have executed search warrants at Solyndra’s headquarters and questioned company executives.
“We’re going to look at everything the FFB had to do with its role in this thing,” Rich Delmar, a spokesman for the Treasury Department’s inspector general told ABC News and iWatch News.
Word of the broadening probe came as the head of the Energy Department’s loan program came before Congress at a contentious hearing on Capitol Hill Wednesday.
After spending months touting the Obama administration’s decision to loan $535 million to Solyndra, top officials took a new tack Wednesday while testifying about the company’s abrupt shut-down and bankruptcy: the loan, they said, was actually the Bush administration’s idea.
Posted by ZIP on Wednesday, September 14, 2011, at 7:24 pm | 
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Follow the money!
Pot calling kettle….
Kaiser, big bundler for the obumbler, fixing to lose a boat load of money.
Begs at the WH for an infusion of cash from you and I. Taxpayers are simps right?
Company goes bankrupt like the financial guys said.
But the bundler for the obumbler is in front of the taxpayers for his payback from the bankruptcy court.
Bundler wins!! Redistribution is complete!!
I work in Tulsa. Kaiser gives lots of money to local issues. But he is as corrupt as the day is long in my opinion!
Hey Kaiser, get in the back of the line. Us taxpayers are first! Right?
yeah blame it on bush,
getting very tried of hearing that ;[
Dirty phukin thieves pocketed the money. They’ll be able to have it in a few years at most if anyone has to do time because the fraud is exposed. And I’ll bet that that jerk in the whitehouse gets a cut too.
Miss me yet?
http://tinyurl.com/6fgdaql
Boy, I’ll say.
Yeah, it was first proposed during the Bush Administration, BUT they had the good sense to say NO.
Bet there was a lot of sexy oinking in the trough when that loan was approved.
“the loan, they said, was actually the Bush administration’s idea.”
Well if nothing else, they are consistent…
Plus the FBI scrubbed everything last week.
Bush did it. Bush did iiit. Bush did iiiit. Bush did iiiiiiit. The mantra of the Left. They use it to meditate. Or what they call meditation, which, for them, is really only an effort to find any stray brain cells that might still be working.
If you were to listen to the Left, you would be compelled to wonder if Barry has done ‘anything’ at all while he’s been in office.
FBI and Treasury getting on this? There has to be something big to hide. Gotta get in there and do a controlled investigation.
Check Obama’s pockets and bank account.
Let me see if I have this correct: the FBI, whose director Robert Mueller was appointed by President Bush, is now joined in the investigation by the Treasury Department, which is run by obama’s pimp and thief geithner. Now why is that? As Jimco above pointed out, the FBI must be getting close to something and needs to be controlled by the pimp. I assume the secretary of treasury is higher up the ladder than the Director of the FBI. There is no telling how much holder is involved in this investigation, but I bet he and geithner are in close contact at undisclosed and out of the way locations.
Obama,Holder and Geitner will explain how this is Bush’s fault just as soon as they finish filling their off shore bank accounts .
@SNM – ditto.