Second Solyndra Loan Discussed With Energy Dept., E-Mail Suggests

[alp227]

Source: NY Times

New e-mails released by a Congressional committee indicate that an executive of a venture capital firm owned by an Obama campaign donor discussed the possibility of a second loan to Solyndra, the solar power company that recently defaulted on a $528 million government loan, with the Department of Energy and with his boss.

The committee is seeking to show that the donor, George B. Kaiser, an Oklahoma oil billionaire, pulled strings at the White House to get the original loan guarantee. The e-mails include one from Mr. Kaiser to a subordinate, dated six months after the loan was finalized, in which he writes that “a couple of weeks ago” he and the executive director of the George Kaiser Family Foundation, a charitable institution, “were visiting with a group of Administration folks in DC who are in charge of the Stimulus process (White House, not DOE) and Solyndra came up.”

Mr. Kaiser said that “every one of them responded simultaneously about their thorough knowledge of the Solyndra story, suggesting it was one of their prime poster children.” But the e-mail does not indicate discussion of a loan.

Shortly after the committee released the new e-mails, C. Renzi Stone, a spokesman for the family foundation, said in a statement, “To reaffirm our previous public statements, George Kaiser had no discussions with the government regarding the loan to Solyndra.” The Kaiser venture capital firm, Argonaut, was a major investor in Solyndra.

Read more: http://www.nytimes.com/2011/11/10/us/second-solyndra-loan-discussed-with-white-house-e-mail-suggests.html

[2Design]

1. according to ads here this was a failure for obama and more failure to come n/t

[Hotler]

2. This guy is a billionaire and if he thought that Solyndra was a good...

investment why didn't he make the loan out of his own pocket? Oh! I forgot it's called privatization. Where you socialize the cost and privatize the profits. Never mind.