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Bank Exec Who Cleared Obama of Solyndra Scandal Was a Top Donor

Thursday, August 23, 2012 22:40
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(Before It's News)

SolyndraThe banking executive who led the “independent” probe that absolved the Obama Administration for blowing billions of taxpayer dollars on failed green-energy ventures has donated big bucks to the president’s reelection campaign.

This certainly raises doubts about the integrity of the investigation, which centered on nearly $3 billion in loans that the Obama Department of Energy (DOE) doled out for experimental alternative energy projects. Among them was a fly-by-night California company (Solyndra)—bankrolled by Obama fundraiser George Kaiser—that swallowed more than half a billion dollars before going bankrupt.

Earlier this year a federal audit confirmed that “serious concerns” expressed by U.S. Treasury officials involving the risky $535 million Solyndra infusion were ignored as the deal was fast-tracked by top White House officials. Judicial Watch has sued the DOE to obtain records regarding the Solyndra loan because the administration has blown off a public records request that dates back to early September, 2011.

Post Continues on www.judicialwatch.org





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