Quote:
Originally Posted by wiphan
Obama received campaign donations from solyndra and Ener1. Both of these companies were reviewed for loans/grants by prior administrations and denied based on their business plans and financial sitaution.
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Solyndra majority shareholder ownership is wealthy Republicans, like the Walton family.
And you have other facts omitted: The Bush administration approved the loan to Solyndra, trying to rush it through, but the Department of Energy said no, the documents submitted by Solyndra were not complete, what what was there didn't look good. That loan approval was held over until during the Obama administration before the loan documents were completed, then the DOE approved the loan based upon the updated documents.
The documents submitted by Solyndra to the DOE
had lies included by the company to gain the loan, providing false information about the company not consistent with the financial reality surrounding the loan.
It's hard to make a conspiracy theory up when all the facts are included.