Obama donor discussed solar loan with White House (AP) – 1355th Edition

10 11 2011

FILE - This Monday, Oct. 31, 2011 file photo shows an auction sign at the bankrupt Solyndra headquarters in Fremont, Calif. before an auction. Newly released emails show that, contrary to White House claims, a major donor to President Barack Obama pushed for a loan to a solar energy company that later went bankrupt. The donor, George Kaiser, pushed White House and Energy Department officials for a second loan for Solyndra Inc. in 2010, after the California company had already received a $528 million loan in 2009, the emails show. The second loan was not approved. Instead, an investment venture controlled by Kaiser made a private loan that resulted in the firm and other investors moving ahead of taxpayers in line for repayment in case of a default by Solyndra. (AP Photo/Paul Sakuma)AP – A major donor to President Barack Obama discussed with White House officials a solar energy company that received a half-billion dollar federal loan and later went bankrupt, newly released emails show.

By us.rd.yahoo.com
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