Obama Administration Considered Bailout for Solyndra Before Bankruptcy

Posted on November 3, 2011 by Conservative Byte

Days before a solar panel maker collapsed, the Obama administration considered a bailout that would have provided an infusion of cash and a new board of directors, including two directors appointed by the Energy Department.

Officials rejected the plan, which was recommended in August by the investment banking firm Lazard Ltd. Lazard was paid $1 million for analyzing options related to the faltering company, Solyndra Inc.

Details of the bailout plan were among nearly 1,200 pages of documents released by the government Wednesday.

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  • Jeff

    1m to Lazard? I wander which bundles for Obama owns that company?

  • http://www.patriotactionnetwork.net Shane

    Nothing surprises me when it comes to the incompetence of the Obama administration. We must unite to fire Obama in 2012.

  • http://conservitivebytes george k morrison………with a bad case of red ass

    the only incompetence in the whitehouse only comes up when it has to do with jobs the economy anything having to do with doing what he is supposed to do, all this other stuff he shines in if it has to do with illegal things he does very well and has his staff trained to do the same as well……..incompetence he knows exactaly what he is doing sending america into a communist dumpster,he has got to go!!!!

  • Millie

    I agree with you all. He should of been run out the day after he moved in!!!!

  • Fred Mitchell

    The Engery Dept,now has 32 billion,what could they be saying,we can blast & blow these billions.I don’t think they have a clue of how much money this country owes.Like someone said,if we run out of paper to make money, China has plenty.

  • The Truth

    The Solyndra CEO receives $456k severence pay from taxpayer money and no ows protestors going to visit the white house. Hypocrites!

  • http://Aol.com Robert (Bear River, Wy)

    The truth is coming out just hope congress don’t back down. Obama, is trying congress if they can stop him and his other czars. Americans demand answers and should get the truth out. The sleeping giant is the american people. Just think about that Obama! Even czars, Obama can’t escape this.

  • Gringo Infidel

    A bail out for the investors not for the company. Criminal favoritism at its finest.

    Why would the White House EVER be involved in investments of a private company? Morally that is wrong.

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