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Obama administration ignored Solyndra warnings
 WASHINGTON (The Press Association That Can Not Be Named) -- The Obama administration ignored repeated warnings about a clean-energy loan program that has become an embarrassment for the White House amid the collapse of a California solar energy company that received more than $500 million in federal loans.
At least three reports by federal watchdogs over the past two years warned that the Energy Department had not fully developed the controls needed to manage the multibillion-dollar loan program that provided more than $528 million to Solyndra Inc., a now-bankrupt solar panel manufacturer.
Emails obtained by The Press Association That Can Not Be Named show that a White House official dismissed reports about Solyndra's gloomy future. An email from Greg Nelson, a White House official who had been involved in the planning of Obama's May 2010 trip to Solyndra's headquarters, to a Solyndra executive downplayed a July 2010 news story in a trade publication that criticized the company's financial health.
"Seems B.S.," Nelson wrote.
Coming up next on "Under the Bus"...Make Room For Greg.
Posted by: tu3031 2011-09-16 |
