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huntinman
09-08-2011, 12:42 PM
Obama's Green Jobs pet project


FBI Executes Multiple Search Warrants at California Solar Firm Solyndra

Published September 08, 2011 | FoxNews.com


FBI agents executed search warrants Thursday morning at the headquarters of California solar firm Solyndra, which received a $535 million loan from the federal government before filing for bankruptcy last week, FoxNews.com confirms.

Agents executed the search warrants at the company's headquarters in Fremont as part of a joint operation by the Federal Bureau of Investigation, Department of Energy and the Office of Inspector General, FBI spokesman Peter Lee said.

Lee told FoxNews.com that "multiple search warrants" were executed but said he could not provide details on what prompted the investigation.

"Everything’s under seal," he said.

The investigation comes one week after the company laid off 1,100 workers and filed for bankruptcy. The solar-panel manufacturer is now being sued by workers who abruptly lost their jobs.

Solyndra LLC was once touted by President Obama as a beneficiary of his administration's economic policies.

The company was held up as the model for government investment in green technology. In addition to the $535 million loan guarantee, it received visits from the president and other state and federal officials.

It filed bankruptcy amid hard times in the nation's solar industry. The price for solar panels has tanked, in part because of heavy competition from Chinese companies, dropping by about 42 percent this year.

In a blog posting, Energy Department spokesman Dan Leistikow said Solyndra was a once promising company that had increased sales revenue by 2,000 percent in the past three years. The $535 million loan guarantee was sought by both the Bush and Obama administrations, he said, and private investors also put more than $1 billion into Solyndra.

Republicans have been looking into the Solyndra loan for months. The House Energy and Commerce Committee subpoenaed documents relating to the loan from the White House Office of Management and Budget.

Last Friday, Rep. Pete Stark, D-Calif., reportedly called on the firm's chief executive officer to give compensation and benefits to all employees laid off. Stark claimed the lay-off may have violated provisions of the Worker Adjustment and Retraining Notification Act, according to the San Jose Mercury News.

Solyndra spokesman Dave Miller told the newspaper that Thursday's search came unexpectedly and said the company is "fully cooperating" with the investigation.

FoxNews.com's Cristina Corbin and the Associated Press contributed to this report.



Read more: http://www.foxnews.com/us/2011/09/08/fbi-executes-search-warrants-at-california-solar-firm-solyndra/#ixzz1XNrTbkeG

huntinman
09-08-2011, 01:30 PM
Solyndra reps made 20 trips to WH before getting 500+ million from taxpayers.

Solyndra officials made numerous trips to the White House, logs show
1:30 AM 09/08/2011
Not only does the now-bankrupt solar energy firm Solyndra have a cozy financial relationship with the Obama administration, company representatives also made numerous visits to the White House to meet with administration officials, The Daily Caller has learned.

According to White House visitor logs, between March 12, 2009, and April 14, 2011, Solyndra officials and investors made no fewer than 20 trips to the West Wing. In the week before the administration awarded Solyndra with the first-ever alternative energy loan guarantee on March 20, four separate visits were logged.

George Kaiser, who has in the past been labeled a major Solyndra investor as well as a Obama donor, made three visits to the White House on March 12, 2009, and one on March 13. Kaiser has denied any direct involvement in the Solyndra deal and through a statement from his foundation said he “did not participate in any discussions with the U.S. government regarding the loan.”

But the countless meetings at the White House seem hardly coincidental. Kaiser, in fact, is responsible for 16 of the 20 meetings that showed up on the White House logs.

In the meetings on March 12, Kaiser met with former Chairman of the Council of Economic Advisors Austan Goolsbee at 11 a.m., Senior Advisor Pete Rouse at 3 p.m., and Deputy Director of the Domestic Policy Council Heather Higginbottom at 6:30 p.m. On the 13th, Kaiser met with Deputy Director of the National Economic Council Jason Furman at 9 a.m.

Other Solyndra officials that made the trek over to the White House include Chairman and Founder Christian Gronet on September 22, 2009, at 9:30 a.m.; and Board Members Thomas Baruch and David Prend.

Baruch went to the White House May 7, 2010, and September 20, 2010, at 8:40 a.m. and 1 p.m., respectively. Prend visited on September 21, 2010, at 9:15 p.m. (RELATED: Bankrupt solar company with Fed backing has cozy ties to Obama administration)

The visitor logs also show that a number of members of the administration though a loan guarantee for Solyndra was pressing enough to take meetings. Former Chief of Staff Rahm Emmanuel and Adviser Valerie Jarrett even took meetings with Kaiser.

As TheDC previously reported, Solyndra officials, including Kaiser himself, donated hundreds of thousands of dollars to Barack Obama.

Kaiser personally donated $53,500 to Obama’s presidential campaign in 2008. Ben Bierman, executive vice president of operations donated $5,500 to Obama, and Karen Alter, senior vice president of marketing gave $23,000, just to name a few.

In 2009, Solyndra secured a $535 million loan guarantee from the U.S. Treasury to produce solar panels. But on August 31, 2011, the company shut its doors and announced its intent to file for bankruptcy.

The revelation came after President Obama visited the plant in May 2010 and touted it as a shining light for the future of green jobs and a green-energy economy.

“The promise of clean energy isn’t just an article of faith — not anymore,” Obama said at the time. “The future is here.”

The future was bankruptcy.

Read more: http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/#ixzz1XO316yRN

road kill
09-08-2011, 04:35 PM
Solyndra reps made 20 trips to WH before getting 500+ million from taxpayers.

Solyndra officials made numerous trips to the White House, logs show
1:30 AM 09/08/2011
Not only does the now-bankrupt solar energy firm Solyndra have a cozy financial relationship with the Obama administration, company representatives also made numerous visits to the White House to meet with administration officials, The Daily Caller has learned.

According to White House visitor logs, between March 12, 2009, and April 14, 2011, Solyndra officials and investors made no fewer than 20 trips to the West Wing. In the week before the administration awarded Solyndra with the first-ever alternative energy loan guarantee on March 20, four separate visits were logged.

George Kaiser, who has in the past been labeled a major Solyndra investor as well as a Obama donor, made three visits to the White House on March 12, 2009, and one on March 13. Kaiser has denied any direct involvement in the Solyndra deal and through a statement from his foundation said he “did not participate in any discussions with the U.S. government regarding the loan.”

But the countless meetings at the White House seem hardly coincidental. Kaiser, in fact, is responsible for 16 of the 20 meetings that showed up on the White House logs.

In the meetings on March 12, Kaiser met with former Chairman of the Council of Economic Advisors Austan Goolsbee at 11 a.m., Senior Advisor Pete Rouse at 3 p.m., and Deputy Director of the Domestic Policy Council Heather Higginbottom at 6:30 p.m. On the 13th, Kaiser met with Deputy Director of the National Economic Council Jason Furman at 9 a.m.

Other Solyndra officials that made the trek over to the White House include Chairman and Founder Christian Gronet on September 22, 2009, at 9:30 a.m.; and Board Members Thomas Baruch and David Prend.

Baruch went to the White House May 7, 2010, and September 20, 2010, at 8:40 a.m. and 1 p.m., respectively. Prend visited on September 21, 2010, at 9:15 p.m. (RELATED: Bankrupt solar company with Fed backing has cozy ties to Obama administration)

The visitor logs also show that a number of members of the administration though a loan guarantee for Solyndra was pressing enough to take meetings. Former Chief of Staff Rahm Emmanuel and Adviser Valerie Jarrett even took meetings with Kaiser.

As TheDC previously reported, Solyndra officials, including Kaiser himself, donated hundreds of thousands of dollars to Barack Obama.

Kaiser personally donated $53,500 to Obama’s presidential campaign in 2008. Ben Bierman, executive vice president of operations donated $5,500 to Obama, and Karen Alter, senior vice president of marketing gave $23,000, just to name a few.

In 2009, Solyndra secured a $535 million loan guarantee from the U.S. Treasury to produce solar panels. But on August 31, 2011, the company shut its doors and announced its intent to file for bankruptcy.

The revelation came after President Obama visited the plant in May 2010 and touted it as a shining light for the future of green jobs and a green-energy economy.

“The promise of clean energy isn’t just an article of faith — not anymore,” Obama said at the time. “The future is here.”

The future was bankruptcy.

Read more: http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/#ixzz1XO316yRN

Ladies and gentleman, we are watching afailed Presidency of EPIC proportions!!!



RK

charly_t
09-08-2011, 06:26 PM
Ladies and gentleman, we are watching afailed Presidency of EPIC proportions!!!



RK

And you all better pray for me right now !!!!!!! relatives in living room with me who like Obama. I'm sitting here mumbling !

Bloody tongue regards.

M&K's Retrievers
09-08-2011, 09:12 PM
And you all better pray for me right now !!!!!!! relatives in living room with me who like Obama. I'm sitting here mumbling !

Bloody tongue regards.

Oh my............

BonMallari
09-15-2011, 07:16 AM
the Solyndra deal might be this admin's Enron ...between this deal and the Fast and Furious scandal this team is showing its incompetency too

huntinman
09-15-2011, 07:51 AM
Solyndra seems to be gaining strength with the press a lot quicker than Fast and Furious. Both are scandals. I think there has been plenty of "covering up" going on with the gun running deal. Just wish the media would get on board and do it's job.

Jason Glavich
09-15-2011, 08:47 AM
There is a good article I am trying to find showing how the loan got approved in 9 days on a typical review process of 28 days and when issues arose it went unnoticed.

But hey BHO says they failed because the asian market is making them cheaper...oh and private investors invested as well so they thought it was a good deal as well.

huntinman
09-15-2011, 08:53 AM
There were emails from within the administration telling the powers that be that they should slow down and take a closer look, but no... full steam ahead.