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House Panel to Subpoena All White House Correspondence Regarding Solyndra

By Doug Powers  •  November 3, 2011 12:47 PM

**Written by Doug Powers

The Republicans don’t trust the White House’s review of the Energy Department’s “green” loan program to get to the bottom of the Solyndra debacle? Hard to believe.

USA Today:

A House Energy and Commerce subcommittee investigating the collapse of Solyndra voted today to authorize the panel to subpoena the White House to produce internal correspondence on its dealings with the bankrupt solar panel manufacturer.

The committee issued a broad call for all internal documents–including correspondence, memorandums and drafts–and authorizes the panel’s chairman to issue to subpoenas to White House Chief of Staff Bill Daley and Bruce Reed, Vice President Biden’s chief of staff.

“This is not a fishing expedition,” said Cliff Stearns, the chairman of the Energy’s oversight subcommittee. “We want answers and so do the American taxpayers. It’s unfortunate that it has come to this, but we do not have faith in the White House overtures” to produce relevant documents.

The White House has handed over 85,000 documents on the Department of Energy loan guarantee program since the committee launched its investigation.

Days before the collapse, an investment banking firm that had already made a million dollars analyzing options for Solyndra advised the White House to bail the company out, presumably so they could continue making money analyzing options for Solyndra. But the full bailout recommendation was rejected. By then it was too late because they’d already auctioned off the whistling robots.

Then there’s this: Solyndra’s former CEO received nearly a half million dollars in severance. What was your cut?

**Written by Doug Powers

Twitter @ThePowersThatBe

Posted in: Corruption,Politics

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