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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.
It’s often claimed that the Solyndra loan guarantee was “rushed through” by the Obama Administration for political reasons. In fact, the Solyndra loan guarantee was a multi-year process that the Bush Administration launched in 2007
What critics don’t mention is that one of the earliest and largest investors, Madrone Capital Partners, is funded by the family that started Wal-Mart, the Waltons. The Waltons have donated millions of dollars to Republican candidates over the years
Originally posted by TiredofControlFreaks
Oh Hum - this is standard procedure.
When a scandal erupts - call an investigation. Since the matter is under investigation, anytime someone asks a question the standard reply will "no comment as this matter is under investigation". The investigation will last until the issue is no longer an issue.
Tired of Control Freaks.
Yesterday, ABC News dropped the bombshell that Bush era Energy auditors actually nixed the loan as unsound, and that Obama OMB staffers raised similar concerns upon their own evaluation. The White House's political team seemed to disagree, putting the deal on a "fast track." Mere days later, the massive government loan to the unstable "green" poster-child -- backed by major Obama donor cash -- was fortuitously approved.
Then Obama picked up the mess and wiped Solyndra clean with a wet nap.
Originally posted by butcherguy
reply to post by jibeho
Then Obama picked up the mess and wiped Solyndra clean with a wet nap.
Clean?
I wonder what made the napkin wet, in that White House?
edit on 15-9-2011 by butcherguy because: 4got the quote.
Originally posted by muzzleflash
Call me confused.
How can I give you 535 million $ and now you are bankrupt?
Looks to me like theft/fraud/embezzling.
If I were a detective that is what I would be investigating. For actual crimes perpetrated. 535 mill $ doesn't just disappear like that.
If there is a crime afoot, than the paperwork will reveal it through discrepancies. It will be hidden on the surface but digging and doing your math will reveal exactly what happened and who is behind it.
It could be a spider web, and it almost always is.
Originally posted by Eurisko2012
The truth is leaking out. Employee says everyone knew the plant wouldn't work.
- Solyndra Employee Blows Whistle -
-------------
More truths: Solyndra made solar panels/cylinders for $6.29 per watt.
Solyndra sold the cylinders for $3.29 per watt.
---------
The industry norm was $1.75 per watt!!!
Read more here: - Solyndra IPO Filing Info -
Solyndra = Lemon Socialismedit on 15-9-2011 by Eurisko2012 because: (no reason given)edit on 15-9-2011 by Eurisko2012 because: (no reason given)
Originally posted by muzzleflash
Originally posted by Eurisko2012
The truth is leaking out. Employee says everyone knew the plant wouldn't work.
- Solyndra Employee Blows Whistle -
-------------
More truths: Solyndra made solar panels/cylinders for $6.29 per watt.
Solyndra sold the cylinders for $3.29 per watt.
---------
The industry norm was $1.75 per watt!!!
Read more here: - Solyndra IPO Filing Info -
Solyndra = Lemon Socialismedit on 15-9-2011 by Eurisko2012 because: (no reason given)edit on 15-9-2011 by Eurisko2012 because: (no reason given)
Very nice work, thank you for that.
Doing the math reveals a lot of funny things doesn't it!?
Keep up the good work Eurisko!
Originally posted by GoalPoster
Well, apparently it isn't just Barry 'O' who's to blame in this little example of fiscal flatulence . . . and don't go paintin' me with the O'bamabrush of Love because that just isn't the case with me. But before you go sayin' poo don't stick to the Prez, get all the facts. Solyndra made application to the Department of Energy in 2006 for the loan guarantee . . .
It’s often claimed that the Solyndra loan guarantee was “rushed through” by the Obama Administration for political reasons. In fact, the Solyndra loan guarantee was a multi-year process that the Bush Administration launched in 2007
What critics don’t mention is that one of the earliest and largest investors, Madrone Capital Partners, is funded by the family that started Wal-Mart, the Waltons. The Waltons have donated millions of dollars to Republican candidates over the years
Source
Originally posted by centurion1211
proves is that the Bush and his administration couldn't be bought
reply to post by GoalPoster
THe Bush connection is a bust. The program as a whole was started in his administration but the plug was pulled on Solyndra when Bush was still in office. They deemed Solyndra as a non viable investment. Then Obama picked up the mess and wiped Solyndra clean with a wet nap.
Please check out some of the other threads
Since the White House is intimately involved in this scandal, shouldn't an independent prosecutor be appointed?
Are there rules governing that? Does anyone know what is involved in the process of appointing one?
I would research the questions now, but my job is interrupting the important stuff right now.