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White House adviser on Solyndra: '*#~@ show'

Jackson

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In January, an OMB staffer wanted his superiors to warn the Department of Energy of the risks of giving taxpayer money to the beleaguered company, which had told the Obama administration that if it didn’t receive more cash, it would default. “The optics of a Solyndra default will be bad,” the OMB staffer wrote in a Jan. 31 email to a co-worker. “If Solyndra defaults down the road, the optics will be arguably worse later than they would be today.
… In addition, the timing will likely coincide with the 2012 campaign season heating up.”

Over at the Treasury Department, Mary J. Miller, assistant secretary for financial markets, was unhappy with information coming from the Energy Department.
“We are hearing increasingly dire news about Solyndra and have asked DOE for information on this with no response,” Miller wrote on Aug. 16.
The next day, Miller complained that DOE wasn’t providing enough information about what was happening at Solyndra.

“Since July of 2010 Treasury has asked DOE for briefings on Solyndra’s financial condition and any restructuring of terms,” Miller wrote in an email to Jeffrey Zients, deputy director for management and chief performance officer at OMB.

“The only information we have received about this has been through OMB, as DOE has not responded to any requests for information about Solyndra.

Our legal counsel believes that the statute and the DOE regulations both require that the guaranteed loan should not be subordinate to any loan or other debt obligation. The DOE regulations also state that DOE shall consult with OMB and Treasury before any ‘deviation’ is granted from the financial terms of the Loan Guarantee Agreement. In February we requested in writing that DOE seek the Department of Justice’s approval of any proposed restructuring. To our knowledge that has never happened.”


Read more: White House adviser on Solyndra: '*#~@ show' - Dan Berman - POLITICO.com

Why was the loan restructured? Who in particular gained from this? Do we know names?
 

The T

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What USED TO BE A REPUBLIC RUN BY TYRANTS
In January, an OMB staffer wanted his superiors to warn the Department of Energy of the risks of giving taxpayer money to the beleaguered company, which had told the Obama administration that if it didn’t receive more cash, it would default. “The optics of a Solyndra default will be bad,” the OMB staffer wrote in a Jan. 31 email to a co-worker. “If Solyndra defaults down the road, the optics will be arguably worse later than they would be today.
… In addition, the timing will likely coincide with the 2012 campaign season heating up.”

Over at the Treasury Department, Mary J. Miller, assistant secretary for financial markets, was unhappy with information coming from the Energy Department.
“We are hearing increasingly dire news about Solyndra and have asked DOE for information on this with no response,” Miller wrote on Aug. 16.
The next day, Miller complained that DOE wasn’t providing enough information about what was happening at Solyndra.

“Since July of 2010 Treasury has asked DOE for briefings on Solyndra’s financial condition and any restructuring of terms,” Miller wrote in an email to Jeffrey Zients, deputy director for management and chief performance officer at OMB.

“The only information we have received about this has been through OMB, as DOE has not responded to any requests for information about Solyndra.

Our legal counsel believes that the statute and the DOE regulations both require that the guaranteed loan should not be subordinate to any loan or other debt obligation. The DOE regulations also state that DOE shall consult with OMB and Treasury before any ‘deviation’ is granted from the financial terms of the Loan Guarantee Agreement. In February we requested in writing that DOE seek the Department of Justice’s approval of any proposed restructuring. To our knowledge that has never happened.”


Read more: White House adviser on Solyndra: '*#~@ show' - Dan Berman - POLITICO.com

Why was the loan restructured? Who in particular gained from this? Do we know names?
These people were donors to Obama...take it from there. More crony capitalism at the expense of the taxpayer.
 

CrusaderFrank

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It's a money laundering operation to funnel Stimulus funds to Obama's Campaign
 
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Jackson

Jackson

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An elite Obama fundraiser hired to help oversee the administration's energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife's law firm was representing the California solar company, according to internal emails made public late Friday.

"How hard is this? What is he waiting for?" wrote Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate before being appointed to a key job helping oversee the energy loan guarantee program. "I have OVP [the Office of the Vice President] and WH [the White House] breathing down my neck on this."


Obama Fundraiser Pushed Solyndra Deal From Inside
ABC News October 11, 2011
 

CrusaderFrank

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But Obama took a bribe from Rezko and got away with it so it's like Tom Harris quote about "now that ceaseless exposure to the lewd and vulgar has calloused us"
 

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