US Treasury Inspector General: We had one day to review $528 million Solyndra Loan

Discussion in 'Politics' started by TheGreatGatsby, Apr 5, 2012.

  1. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    Treasury officials complained to the White House that regulations governing federal loan guarantees say that the department should have been involved earlier in the process, but the inspector general said it was unclear whether the review's late start violated the law.

    Treasury officials also told investigators that the shortened time frame was sufficient to review the loan. But investigators found no evidence that concerns raised by those officials, such as the debt-to-equity ratio in the project, were ever addressed by the Energy Department.


    Appalling. Notice there's no fall guy even? Obama can blow $528 M and not even have to have a freaking fall guy.

    Watchdog Finds Solyndra Loan Was 'rushed' | Fox News
     
  2. Lakhota
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    Lakhota Diamond Member

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  3. Steelplate
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    Steelplate Bluesman

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    Wow... chalk up another "W" for "W".

    Just like the Wall Street Bailout that Obama gets credit for and the debt added on to his term in office.
     
  4. TheGreatGatsby
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    TheGreatGatsby Gold Member

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  5. editec
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    editec Mr. Forgot-it-All

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    Sad case this, eh?

    Looks a lot like PORK for dinner to me, too.
     
  6. Claudette
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    Claudette Gold Member

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    Yep. The Bush folks had the good sense to kicked that loan to the curb.

    Barry came in with his green bs and decided anything green was good.

    Of course we taxpayers are now out 500 million but what the hey.
     
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  7. daveman
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    daveman Diamond Member

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    He decided anything green was good, but that anything that donated to the Dem Party was even better.
     
  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Promises, promises...
    :eusa_shifty:
    Email Claims: Obama Promised Solyndra CEO He Would Look Into Buying Solyndra's Solar Panels for Gov’t Buildings
    April 12, 2012 – Less than three months after President Barack Obama’s May 26, 2010 visit to the Solyndra plant in Fremont, Calif., a Solyndra investor claimed in an e-mail to the company's new CEO, Brian Harrison, that during Obama's visit he had personally witnessed the president “actually promise” the company’s previous CEO, Chris Gronet, that he would “look into” having the federal government buy Solyndra's solar panels to place on federal buildings.
     
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  9. waltky
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    waltky Wise ol' monkey Supporting Member

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    Sounds like dey's in cahoots together...
    :mad:
    Subsidized, Bankrupt Solyndra Managers Got $368,500 in Court-Ordered Bonuses
    April 16, 2012 – A bankruptcy court ordered $368,500 in bonuses for 20 top managers and employees of Solyndra, the solar panel firm that received $535 million from taxpayers two years before filing for bankruptcy and laying off 11,000 employees. The bonuses kicked in on March 31.
     

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