Probe faults 'pressure' to promote stimulus in $535M Solyndra loan approval

[WillowTree]

"Political pressure" by a White House eager to tout its stimulus agenda was largely to blame for fast-tracking the ill-fated $535 million Solyndra loan guarantee, according to findings in a massive new congressional report released Thursday morning.

The report, by Republicans on the House Energy and Commerce Committee, caps a nearly yearlong investigation by the panel into why the government allegedly ignored red flags to approve the loan. Solyndra, a solar-panel firm, filed for bankruptcy last year.


Read more: Probe faults 'pressure' to promote stimulus in $535M Solyndra loan approval | Fox News






Politics took precedence over the taxpayers. Now that's a fair assessment.

 

[saveliberty]

Failure of common sense in my opinion. The financial condition of the company had been reported properly. Like much in government, taking time to consider the long range consequences is critical. War in Afghanistan, drives out terrorists? Low body count? Can sustain public support? Financial costs? How long will it really take?

 

[flacaltenn]

How much did that cost? Was pretty obvious a year ago.. Not to mention the "pattern" of misused and misplaced "green" stimulus money..

I'm still outraged at extending the definitions of a "green business". Anything from a yard sale to a gun repair shop is now "green"..

 

[Wolfmoon]

And who got left holding the bag? The taxpayers that's who! If Obama had brains he would take them out and play with them.