Saturday, December 03, 2011

Committee Weighs Contempt Citation Against White House Over Solyndra

Fox News reports:
Members of Congress investigating the $535 million loan guarantee that the Obama administration gave to now-bankrupt solar panel manufacturer Solyndra are considering suing the White House to obtain access to documents relating to the case, Fox News has learned.

For close to a year, the House Energy and Commerce Committee has been probing the circumstances surrounding the loan and its subsequent restructuring, which subordinated taxpayers to private investors in the recovery of the company's assets. Solyndra's chief investor, billionaire George Kaiser, is a prominent Obama supporter whom records show visited the White House 17 times.