Obama Admin Wanted to Bailout Solyndra Friends Just Before Bankruptcy

The Obama administration considered a government bailout for their friends at Solyndra, just days before the failed solar company filed for bankruptcy, and well after the Obama administration knew the company was in an unrecoverable tailspin.

That’s the Obama administration in a nutshell. They knew that they had just wasted a half billion dollars of taxpayer money, and instead of cutting their losses, and coming clean, instead they want to throw more of our money down the toilet and to their friends and supporters.

Why the American People are continuing to put up with Obama’s complete corruption, and lack of any usable knowledge or experience to help us get out of the unbelievable economic disaster his party and administration have caused.

Days before a solar panel maker collapsed, the Obama administration considered a bailout that would have provided an infusion of cash and made the federal government a part-owner of the company.

Officials rejected the plan, which was recommended in August by the investment banking firm Lazard Ltd. Lazard was paid $1 million for analyzing options related to the faltering



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Obama Admin Ignored Warnings of Solyndra Problems BEFORE Payment of Loan

Now we learn that Obama was actually warned about the problems with the now bankrupt solar-panel company, Solyndra, BEFORE the $500 million loan was handed out!!

Obama chose to ignore the warnings though, and push through the loan, as a thank you payback to his major supporters, who were shareholders and executives in the failed solar-panel company.

For anyone who watches corrupt liberal media to get their news, here is some more info that you will not get from your stations.

Solyndra’s loan application was filed during President Bush’s term, but the Solyndra loan was denied by the Bush administration less than two weeks before Bush left office on January 9, 2009. As soon as Obama took office, his administration reversed the denial of the loan and put the ill-advised loan, which had thrown up many red flags that the Bush administration caught, but the Obama administration ignored, on a fast-track to receive the same loan that the Bush administration denied days before.

A Congressional probe shows that before President Bush left office, Bush’s Energy Department credit committee voted against …

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