White House beats back claim it pressured loan to now-bankrupt company
September 14th, 2011
03:32 PM ET
10 years ago

White House beats back claim it pressured loan to now-bankrupt company

Washington (CNN) - White House Press Secretary Jay Carney Wednesday downplayed recently revealed e-mails that Congressional Republicans say suggest the White House was pushing for a hasty approval of a $535 million loan to an unstable but politically connected solar energy company.

One e-mail, uncovered by the House Energy and Commerce Committee and reported by ABC News, is from a White House budget analyst warning then-Vice President Biden’s chief of staff, Ron Klain, that the 2009 Department of Energy loan was “not ready for prime time.” In a separate e-mail to the budget analyst, Klain wrote, “If you guys think this is a bad idea, I need to unwind the W[est] W[ing] QUICKLY."


Filed under: President Obama
soundoff (7 Responses)
  1. MTATL67

    Hey Alex – I can't wait to hear your story on Gov. Perry and how he got rich the Horseshoe bay land deal with this good buddies State Sen. State Senator Troy Fraser and Doug Jaffe. I also look forward to your story about how the companies of friends and campaign contributors got millions of dollars from Texas Emerging Technology Fund by bypassing the process.

    September 14, 2011 03:54 pm at 3:54 pm |
  2. Four and The Door

    Solyndra is far from the lone example of why the federal government should stay out of private businesses. Certainly the administration got all bleary-eyed about the whiz-bang technology when really it is a business plan that hires employees. Apparently Solyndra's business plan wasn't evaluated very closely.

    September 14, 2011 03:57 pm at 3:57 pm |
  3. Rudy NYC

    There are not enough facts to make sound judgements as to whether or not it was a sound investment. I understand that the company had had a loan application in the system from the days of the Bush administration.

    September 14, 2011 04:01 pm at 4:01 pm |
  4. Hammerer

    The Tea Party sent those e-mails.

    September 14, 2011 04:06 pm at 4:06 pm |
  5. TEA PARTY Mike

    Obama and White House are not going to be able to spin out of this one.

    September 14, 2011 04:23 pm at 4:23 pm |
  6. Sniffit

    What a load of crap from teh GOP AND MSM...again. The CEO is a big fat registered Republican. Look it up. Do we see that in the article? No. Why? Because it makes the Republicans' claims look freekin stupid and ruins the ability of CNN and the MSM to hype their claims as though they have at least enough merit to not be laughed at right off the bat. Ridiculous.

    September 14, 2011 04:39 pm at 4:39 pm |
  7. gt

    that was a green company ....it could not fail.... with enough government cash that is...

    September 14, 2011 04:57 pm at 4:57 pm |