Friday, August 3, 2012

Pres. Obama, the gift that keeps on giving...

"Solyndra LLC officially released it bankruptcy plan this week. The official word from it is that taxpayers will recover only $24 million of the about $527 million that the failed solar panel company drew from its $535 million federal loan guarantee"

On top of that, the loan was structured so that private equity would have a higher standing during bankruptcy than the tax payers in direct violation of standard Energy Department policy. Do you think it had anything to do with the fact that one of them has close ties to the WH?

The Obama WH is setting a new standard in sleaze and back office deals. So much for all of that transparency we were promised...

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