Friday, September 16, 2011

Did Solyndra Actually Get a Second Loan of $469 Million, Bringing the Full Loan Package To Over A Billion?

From Ace:

This is unclear.

The great @williamamos highlighted the fact that Solyndra did indeed apply for a second big loan guarantee, noting this blog, LA Observed, scooping everyone on the story.

Here's the thing: No one seems to be able to say with confidence whether the government did in fact extend that loan guarantee to them.

I'm assuming, provisionally, that means this is being covered up.

Because why would the Obama Administration, if it had in fact denied the loan guarantee, not rush out with proof they'd declined the second application? That would be helpful to them, wouldn't it?
 Click on the title to read the whole thing at Ace of Spades.

More, from Will at The Other News:
In March 2009, at the urging of the Obama White House, the Department of Energy loan department approved a $535 million guaranteed loan to Solyndra. Of course, the administration is trying to blame the Bush White House (what's new?) because the loan application occurred while Bush was president.

The fact is the Energy Department under President Bush DENIED the loan request from Solyndra during the administration’s waning days in early January of 2009. The Bush Energy Department denied the loan because the “company didn’t have good long-term prospects.”
Solyndra Gate... anyone?

2 comments:

Unknown said...

Hi Pasto.
It gets even better:

Anyway, in March 2009, at the urging of the Obama White House, the Department of Energy loan department approved a $535 million guaranteed loan to Solyndra. Of course, the administration is trying to blame the Bush White House (what new?) because the loan application occurred while Bush was president. The fact is the Energy Department under President Bush DENIED the loan request from Solyndra during the administration’s waning days in early January of 2009. The Bush Energy Department denied the loan because the “company didn’t have good long-term prospects.”
Solyndra Gate... anyone?

http://www.examiner.com/conservative-in-chicago/storm-clouds-gather-over-obama-solyndra

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