White House political pressure responsible for Solyndra loan
A congressional report concluded Friday that "political pressure" by a White House eager to tout stimulus spending was largely to blame for fast-tracking the ill-fated $535 million Solyndra loan guarantee -- findings compounded by the release of an email that showed the former CEO once referred to the aid as "The Bank of Washington." . . ."It is clear (the Department of Energy) should never have issued the loan guarantee to Solyndra," the report said, adding that a subsequent decision to restructure the terms "violated the plain language of the law." . . .HotAir has this: "OMB warned WH to cut losses on Solyndra," but their concerns were overridden by Jack Lew.