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how to waste half a billion taxpayer dollars and wind up rich…..

20 Sep

if you are barry lightwalker the pResident, how do you make money go in a big circle and come back to land in your pocket? this is how.. through crony socialism, oops I mean green industries….

from  @johnny_shop’s via ace of spades

how do the arugala eaters launder money?

A key unanswered question in the Solyndra loan investigation concerns the role George Kaiser, the Oklahoma billionaire and major Obama fundraiser whose Family Foundation owned a large stake in the failed solar-panel company. Kaiser made multiple visits to the White House in the week before the Department of Energy approved a $535 million guaranteed loan to Solyndra on March 20, 2009, and helped arrange 16 separate meetings between top White House officials and Solyndra executives around that time. Yet Kaiser maintains that he “did not participate in any discussions with the U.S. government regarding the loan.”

But as the following video clip reveals, when it comes to steering government funds his way, Kaiser knew exactly what he was doing. Indeed, here he is July 2009 openly boasting about his ability to get his hands on stimulus funding. “There’s never been more money shoved out of the government’s door in world history, and probably never will be again, than in the last few months and in the next 18 months,” he says. “And our selfish parochial goal is to get as much as it for Tulsa and Oklahoma as we possibly can.”

Kaiser cites his “multiple trips to Washington” and his ability to secure meetings with “all the key players in the West Wing of the White House.” He also touts his “almost unique advantage,” through his foundation, of being able to match public dollars with private funding.

Keep reading…

 

Reuters: Solyndra CEO & CFO Will Plead The Fifth And Decline To Answer Questions During Congressional Hearing On Friday…

It’s almost like they have something to hide.

Sept 20 (Reuters) — Solyndra LLC’s chief executive and chief financial officer will invoke their Fifth Amendment rights and decline to answer any questions put to them at a Congressional hearing on Friday, according to letters from their attorneys obtained by Reuters.

In the letters sent to the House Energy and Commerce Committee’s Subcommittee on Oversight and Investigations, attorneys for Solyndra CEO Brian Harrison and CFO W. G. Stover said they advised their clients not to provide testimony during the hearings.

The bankrupt company’s $535 million federal loan guarantee is being investigated by the House Energy and Commerce Committee.

Harrison is represented by Orrick, Herrington & Sutcliffe and Stover is represented by Keker & Van Nest.

Solyndra’s offices were raided by the FBI two days after the company filed for bankruptcy, although the FBI did not say what prompted the raid.

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Posted by on September 20, 2011 in Uncategorized

 

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