|
||||||
    |
President Obama and his West Wing aides ignored a subpoena of documents pertaining to the Solyndra loan guarantee even after congressional investigators met with White House officials to negotiate the scope of the subpoena, according to the House Energy and Commerce Committee. “The White House’s failure to comply with today’s document deadline is a sad milestone on the path chosen by this administration to obstruct and delay our investigation rather than [...] Newly obtained emails released by House investigators suggest that George Kaiser, a billionaire Obama donor and chief investor in bankrupt solar panel manufacturer Solyndra, discussed the company with White House officials, directly contradicting earlier accounts. In a letter to the White House, House Energy and Commerce committee Chairman Fred Upton, R-Mich, and oversight panel chair Rep. Cliff Stearns, R-Fla., disclosed the emails including one from March 5, 2010 between Kaiser and Steve Mitchell,Kaiser’s [...] President Obama toured the Solyndra manufacturing facility in California in 2010. The bankrupt firm, which received a $535 million federal loan guarantee under the Obama economic stimulus program, is now being investigated by Congress, the FBI and the Treasury Department’s Inspector-General. (AP Photos) Oklahoma billionaire George Kaiser has been in the headlines in recent months thanks to his role as a major investor in [...] by ZH After breaking the story of Solyndra’s shady taxpayer funded practices (which were not enough to stave off bankruptcy, and yet another confirmation that government stimulus in the form of subsidies is virtually always an epic failure), Bruce Krasting subsequently delved into the one entity that somehow had managed to get priority interest to subordinated government loans to the tune of $528 million in [...] A solar energy company that intends to file for bankruptcy received $535 million in backing from the federal government and has a cozy history with Democrats and the Obama administration, campaign finance records show. Shareholders and executives of Solyndra, a green energy company producing solar panels, fundraised for and donated to the Obama administration to the tune of hundreds of thousands of dollars. Tulsa billionaire George Kaiser, a key Obama backer who [...] |
Custom Search
|
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
||||||
