Energy Department 'bet' on Fisker Automotive ends in bankruptcy

By Ronnie Greene

An Energy Department program meant to spur development of electric cars faces another setback with Fisker Chapter 11 filing.

Excerpts from this story referencing "Solyndra":

"… nkruptcy after receiving DOE money, including California solar panel maker Solyndra. In several cases, the Center and ABC reported last year, green …"

FACT CHECK: Slips in vice president's debate

By The Associated Press

Slips on Libya, Syria, auto bailout in vice presidential debate

Excerpts from this story referencing "Solyndra":

"… million to the politically connected and now-bankrupt solar power company Solyndra. But Ryan's claim made it sound like every penny went down the drain. …"

Scandalized DOE loan program has Romney connection

By Michael Beckel

Scandalized federal loan program was lobbied by Romney fundraiser.

Excerpts from this story referencing "Solyndra":

"… on loan guarantee through the same Department of Energy program that aided Solyndra, the now-bankrupt California company that included an Obama bundler as an …"

"… ral Election Commission Sunday. After receiving a federal loan guarantee, Solyndra ultimately went bankrupt, sticking taxpayers with a $535 million bill and …"

"… ndits and politicos began uttering Abound’s name in the same sentence as Solyndra this spring, after Abound announced plans to lay off 280 workers from a Co …"

Treasury Department review of Solyndra loan was rushed, report says

By Chris Hamby

Energy Department didn't involve Treasury Department until loan to now-bankrupt company was largely finalized, report says

Excerpts from this story referencing "Solyndra":

"… t's review of the $535 million loan to now-bankrupt solar panel maker Solyndra, triggering a rushed consultation that may have left concerns unresolved, …"

"… iews and ignored warning signs echo previous iWatch News reporting on Solyndra.The loan, originally touted as a model of President Obama’s green energy …"

"… The Treasury report echoes what our investigation has shown over and over; Solyndra was a bad bet from the beginning that was rushed out the door while every …"

DOE needs better risk management

By Ronnie Greene and Matthew Mosk

In light of loans to companies like Solyndra, DOE needs better risk management of companies receving loans

Excerpts from this story referencing "Solyndra":

"… ma administration’s failed $535 million investment in upstart solar firm Solyndra, which declared bankruptcy last fall.But the review never directly address …"

"… hich declared bankruptcy last fall.But the review never directly addresses Solyndra’s failure, or another DOE-backed green energy venture that went bankrupt …"

"… y for Financial Stability, writes that he “did not evaluate the loans to Solyndra and Beacon” because those companies have already failed.He also notes th …"

"… he ranking Democrat on the House committee that has been investigating the Solyndra financing and the loan program more broadly, also greeted the report as a …"

Obama rainmakers enjoy White House invites, appointments and contracts

By Fred Schulte and Aaron Mehta

Dozens of the president's top fundraisers enjoy White House invites, administration appointments and government contracts

Excerpts from this story referencing "Solyndra":

"… overnment contracts, loans and other favors, citing the failed energy firm Solyndra, which collapsed after receiving a $535 million Department of Energy loan …"

"… llapsed after receiving a $535 million Department of Energy loan guarantee.Solyndra was partly financed by George Kaiser, a 2008 Obama bundler. Kaiser has den …"

Chu denies 'undue political influence' in Solyndra loan

By Matthew Mosk

Energy Secretary Steven Chu tells Congress he is surprised and dismayed by suggestions of undue influence behind Solyndra loan

Excerpts from this story referencing "Solyndra":

"… yed to see emails surface suggesting his department "pushed very hard" for Solyndra to delay announcing its first round of layoffs until after the midterm ele …"

"… r felt pressure from the White House or from Obama campaign donors to pick Solyndra for a $535 million loan. The government-supported solar-panel manufacturer …"

"… federal investigations."I want to be clear," Chu said. "Over the course of Solyndra's loan guarantee, I did not make any decision based on political considera …"

"… sion based on political considerations. My decision to guarantee a loan to Solyndra was based on the analysis of experienced professionals and on the strength …"

Energy Dept. offered to put private investors ahead of taxpayers if Solyndra went bankrupt

By Ronnie Greene

Email trail shows Energy Department offered to put investors first if Solyndra collapsed

Excerpts from this story referencing "Solyndra":

"… mpany executive.Solyndra’s announcement came Nov. 3. …"

"… tor aside with a last-ditch pitch: If investors raised $75 million to help Solyndra stay afloat, they would be first to collect if the fledgling firm went ban …"

"… afloat, they would be first to collect if the fledgling firm went bankrupt.Solyndra did shut its doors this year, and now those investors, including a bundler …"

"… in line in bankruptcy proceedings. The Energy Department, which supported Solyndra with a $535 million loan guarantee even as auditors, analysts and governme …"

Emails show Energy Dept. sought to hide Solyndra layoffs until after 2010 elections

By Ronnie Greene and Matthew Mosk

Energy Department pressed Solyndra to delay layoffs until after pivotal 2010 election

Excerpts from this story referencing "Solyndra":

"… s on this program is necessary,” the IG concluded. …"

"… aiden green energy loan guarantee announced under the Obama administration.Solyndra did make the layoff announcement, the documents say, on Nov. 3 — a day a …"

"… payers could lose their investment in the upstart firm. Earlier this year, Solyndra fired 1,100 workers, filed for bankruptcy and faced a raid by federal agen …"

"… , according to the committee memo, in an email from a private firm backing Solyndra, Argonaut Private Equity.In late October 2010, as Solyndra’s finances wi …"

Former Obama aide predicted Solyndra scandal — and urged Chu's ouster

By Matthew Mosk and Ronnie Greene

Former Obama campaign staffer considered Chu 'too associated' with Silicon Valley business elite

Excerpts from this story referencing "Solyndra":

"… the deliberations landed on West Wing desks just as the solar energy firm Solyndra was starting to show outward signs of financial trouble. It was sent by Da …"

"… t will be caught up in the wave of GOP attacks that are surely coming over Solyndra and other inside DOE deals that have gone to Obama donors and have underpe …"

"… -- on its own terms -- to a subpoena for all materials that reference the Solyndra loan in any way. Chu is scheduled to testify before a House Energy and Com …"

"… fy before a House Energy and Commerce investigative subcommittee about the Solyndra loan this week. White House officials said the emails received by Con …"

Obama donor weighed asking White House to save Solyndra, emails say

By Matthew Mosk

Emails from Obama bundler George Kaiser show he contemplated pulling government's strings to save solar firm

Excerpts from this story referencing "Solyndra":

"… an taxpayers to find out." …"

"… l of the internal communications about the $535 million government loan to Solyndra, a California solar panel manufacturer that went bankrupt. The White House …"

"… that the emails rebutted the repeated assurances from the White House that Solyndra did not attempt to use political influence to secure its federal loan, or …"

"… est Kaiser and his advisors saw no advantage in trying to pull strings for Solyndra inside the White House — and in fact, may have viewed such efforts as de …"

Few stimulus-financed energy projects were ‘shovel ready’

By Alexandra Duszak

Inspector general scrutinizes federal spending throughout Energy Department

Excerpts from this story referencing "Solyndra":

"… ailed $535 million investment in the now-bankrupt solar panel manufacturer Solyndra. Questions about Solyndra are likely to escalate amid a San Jose Mercury N …"

"… ent in the now-bankrupt solar panel manufacturer Solyndra. Questions about Solyndra are likely to escalate amid a San Jose Mercury News report Wednesday  …"

"… y executives pocketed bonuses from $37,000 to $60,000 in the months before Solyndra’s collapse and dismissal of 1,100 workers.Thursday, the scrutiny of the …"

"… ’s collapse and dismissal of 1,100 workers.Thursday, the scrutiny of the Solyndra financing will likely intensify as a House committee weighs issuing a subp …"

GOP to subpoena White House over Solyndra

By Corbin Hiar

Administration seeks audit of Energy Department loans while GOP threatens to subpoena the president

Excerpts from this story referencing "Biden":

"… ctor Larry Summers, and Ron Klain, former Chief of Staff to Vice President Biden.“Subpoenaing the White House is a serious step that, unfortunately, appe …"

Republicans call for probe of Obama’s green car program

By Matthew Mosk, Brian Ross and Ronnie Greene

Representative calls for further investigation into Energy Dept. loans to electric car companies

Excerpts from this story referencing "Solyndra":

"… from Congress since the first loan recipient, the solar manufacturing firm Solyndra, declared bankruptcy last month.A House Energy and Commerce Committee pane …"

"… stration that showed there were deep divisions about the wisdom of loaning Solyndra $535 million. ABC News reported Thursday that there are now emerging quest …"

"… ,” he said.Concerns about the fate of federal loans to companies such as Solyndra and Fisker have become grist for campaign trail attacks aimed at President …"

Obama Administration defends Fisker cars from Solyndra comparison

By Matthew Mosk

Both Obama Administration and Finnish car company distance themselves from comparison to failed energy project Solyndra

Excerpts from this story referencing "Solyndra":

"… s loan invited comparisons to the ill-fated Energy Department loan to Solyndra, because delays and obstacles have hampered progress on the luxury electri …"

"… acles have hampered progress on the luxury electric car, called the Karma. Solyndra, a solar panel manufacturer that received $535 million in taxpayer support …"

"… nd the Obama administration spent the past few days trying to head off the Solyndra comparisons. They defended the administration's effort to give a boost to …"

Energy's risky $1 billion bet on two politically-connected electric car builders

By Ronnie Greene, Matthew Mosk and Brian Ross

Two politically connected firms get $1 billion in federal loans to build electric cars

Excerpts from this story referencing "Solyndra":

"… the administration’s failed $535 million investment in solar panel maker Solyndra. The company’s collapse, bankruptcy and raid by FBI agents generated a l …"

"… ed money.A key question, experts and investigators say, is whether another Solyndra is in the offing.In interviews, executives with Tesla and Fisker said comp …"

"… offing.In interviews, executives with Tesla and Fisker said comparisons to Solyndra are unfounded. Each said the government’s investments will ultimately pa …"

"… d to worry about it,” Fisker said.When asked if Fisker might be the next Solyndra, he said, “Absolutely not.”On Wednesday, the company disclosed that pr …"

Obama campaign reports more than 350 big bundlers, including Solyndra figures

By Aaron Mehta

41 bundlers round up $500,000 each for Obama's re-election

Excerpts from this story referencing "Solyndra":

"… 000.Among the 358 big bundlers are two men prominently tied to the ongoing Solyndra controversy.Included in those totals are 114 new bundlers who had not been …"

"… s disclosed last summer have notably increased their efforts for Obama.The Solyndra-related bundlers are Steve Westly and Steven Spinner, whose names have fig …"

"… White House secured approval for a controversial product. Bundler Ties to SolyndraThose bundlers who didn’t receive jobs can still have the ear of the Whit …"

"… llout that could ensue if the president visited the factory being built by Solyndra.“Could you perhaps check with [the Energy Department] to make sure they …"

Energy Dept. ignored warnings on Solyndra, say treasury emails

By Ronnie Greene and Matthew Mosk

Officials say DOE was warned about refinancing of loan to solar firm Solyndra

Excerpts from this story referencing "Solyndra":

"… y Department officials that it was not following guidelines in refinancing Solyndra's half-billion dollar federal loan, a Congressional hearing Friday reveale …"

"… recoup the first $75 million of their investment should the company fail. Solyndra declared bankruptcy six weeks ago.During a House Energy and Commerce heari …"

"… ions at the staff level about how DOE is going about the restructuring for Solyndra. At least one involves the legal question of what [the statute] means for …"

"… is one piece in a long string of favorable terms the government granted to Solyndra, a start-up solar panel firm that secured the Energy Department's first lo …"

Solyndra CEO Brian Harrison resigns

By Matthew Mosk and Ronnie Greene

House hearing will investigate DOE's refinancing of Solyndra loan

Excerpts from this story referencing "Solyndra":

"… r, a bundler of campaign contributions to the president in 2008. …"

"… istration, has resigned.In papers filed with a bankruptcy court Wednesday, Solyndra said that Brian Harrison had left his post on Friday, Oct. 7, "as contempl …"

"… Friday, Oct. 7, "as contemplated even before these cases were commenced." Solyndra shut its doors and declared bankruptcy six weeks ago.Solyndra filed the pa …"

"… commenced." Solyndra shut its doors and declared bankruptcy six weeks ago.Solyndra filed the papers in a Delaware court in response to a motion by the Depart …"

Fundraiser for Obama urged Solyndra deal from the inside

By Ronnie Greene and Matthew Mosk

With White House "breathing down my neck," bundler-turned-appointee pushed Solyndra loan

Excerpts from this story referencing "Biden":

"… s efforts to coordinate plans for either President Obama or Vice President Biden to announce it as the administration’s first loan approval – one that …"

"… ndra loan had closed, and the formal announcement involving Vice President Biden and others took place. In the email, also made public Friday, Spinner wrot …"

"… ays before closing and a press event for Solyndra including Vice President Biden.Spinner also wrote an email two weeks before the Solyndra loan closed to a …"

"… ail two weeks before the Solyndra loan closed to an aide to Vice President Biden, identifying the private investors in the deal. He attached to the email a …"

Head of embattled energy loan program, Jonathan Silver, steps down

By Matthew Mosk and Ronnie Greene

Venture capitalist-turned-chief of embattled energy loan program resigns amid Solyndra fallout.

Excerpts from this story referencing "Solyndra":

"… ing which the program's first loan recipient, the solar panel manufacturer Solyndra, declared bankruptcy, leading to a wave of scrutiny for his agency.Energy …"

"… was forced to defend his administration's decision to lend $535 million to Solyndra, a decision that came despite deep misgivings among professional budget an …"

"… Department was giving favorable treatment to some applicants – including Solyndra. At the time, Silver strongly defended the loan to Solyndra, promising tha …"

"… – including Solyndra. At the time, Silver strongly defended the loan to Solyndra, promising that the company would be delivering thousands of new American …"

Donor warned Obama that Solyndra 'could haunt him'

By Matthew Mosk and Ronnie Greene

Venture capitalist's email illustrates closeness between administration and campaign bundlers

Excerpts from this story referencing "Biden":

"… th the factory visit. Ron Klain, then the chief of staff to Vice President Biden, wrote in an email that everyone involved understood the risks inherent in …"

Solyndra executives refusing to answer bankruptcy questions

By Matthew Mosk and Ronnie Greene

Top officers at failed solar firm Solyndra refuse to co-operate with bankruptcy proceedings

Excerpts from this story referencing "Solyndra":

"… trouble had been overlooked by the Department of Energy. …"

"… own, according to papers filed by Justice Department lawyers late Friday.A Solyndra attorney told U.S. officials the reason he would not identify the company …"

"… ves declined to answer, according to the new bankruptcy filing: ”Whether Solyndra has a plan to repay the loan obtained from the U.S. Government.” Word of …"

"… has a plan to repay the loan obtained from the U.S. Government.” Word of Solyndra’s refusal to cooperate in bankruptcy proceedings comes just days after t …"

Bundlers on the inside

By Ronnie Greene, Matthew Mosk and Ronnie Greene

Top Obama fundraisers at Energy Department included an overseer of stimulus billions.

Excerpts from this story referencing "Solyndra":

"… legal fees related to the $535 million Energy Department loan guarantee to Solyndra, a solar company whose financial meltdown has prompted multiple investigat …"

"… e of the Obama administration’s green energy loan program in the wake of Solyndra’s bankruptcy, a key focus – and open question – is whether the presi …"

"… Spinner was in office.One of those law firm clients, SEC records show, was Solyndra – the California solar panel firm whose collapse put half a billion doll …"

"… company’s failed public offering, the records show. And it also provided Solyndra with outside counsel on the DOE loan guarantee transaction. The company wa …"

The weekly watchdog: Sept. 19 - Sept. 23

By Bill Buzenberg

In case you missed them, catch up on this week's top investigations from iWatch News

Excerpts from this story referencing "Solyndra":

"… e the LightSquared story as well as the tale of the bankrupt solar company Solyndra. Rep. Darrell Issa, chairman of the House Committee on Oversight and Gover …"

Solyndra excutives stonewall Congress

By Matthew Mosk

Officials from failed solar firm Solyndra duck questions about $535M loan

Excerpts from this story referencing "Solyndra":

"… ommittee Friday. …"

"… payer rip-off," Energy and Commerce Chairman Fred Upton (R-Mich.) told the Solyndra executives. "We're not done. No we're not."The decision of Solyndra CEO Br …"

"… ld the Solyndra executives. "We're not done. No we're not."The decision of Solyndra CEO Brian Harrison and Chief Financial Officer W. G. Stover to repeatedly …"

"… ancial Officer W. G. Stover to repeatedly refuse to answer questions about Solyndra's Energy Department loan guarantee was the latest twist in an unfolding in …"

Solyndra told Congress it was 'on track' for success

By Matthew Mosk and Ronnie Greene

A status report of solar firm's finances assured Congress a

Excerpts from this story referencing "Solyndra":

"… before declaring bankruptcy, the federally-backed solar power company Solyndra sent a memo to Congress describing the company as "ramping" up its pr …"

"… year.The document obtained by ABC News, entitled "Exceeding Expectations: Solyndra Today," now appears to have grossly distorted the company's actual financi …"

"… eady asking tough questions about the $535 million in federal backing Solyndra had received.Since Solyndra sent the document to Congress on June 23, …"

"… the $535 million in federal backing Solyndra had received.Since Solyndra sent the document to Congress on June 23, followed by a mid-July letter ma …"

Solyndra executives will take the Fifth before Congress

By Matthew Mosk

Top solar firm executives will plead the Fifth before Congress this week

Excerpts from this story referencing "Solyndra":

"… and a very good investment." …"

"… tated by current circumstances," wrote Walter F. Brown Jr., the lawyer for Solyndra CEO Brian Harrison in a letter to Congress.Among those circumstances, the …"

"… osition not to [take the Fifth]," wrote Jan Nielsen Little, the lawyer for Solyndra's chief financial officer, W.G. Stover, Jr., in a separate letter.In a sta …"

"… inancial officer, W.G. Stover, Jr., in a separate letter.In a statement, a Solyndra spokesperson said Harrison and Stover would be "unable to provide substant …"

The weekly watchdog: Sept. 12 - Sept. 16

By Bill Buzenberg

In case you missed them, catch up on this week's top investigations from iWatch News

Excerpts from this story referencing "Solyndra":

"… rg.Until next week,Bill BuzenbergExecutive Director …"

"… ed the New Solyndra?There are some troubling similarities between bankrupt Solyndra's troubles and LightSquared, a wireless company with deep connections into …"

"… o partially offset the hard-money fundraising gap enjoyed by the Democrats.Solyndra Saga ContinuesThe ill-fated and bankrupt solar company Solyndra is still i …"

"… Democrats.Solyndra Saga ContinuesThe ill-fated and bankrupt solar company Solyndra is still in the news, thanks to more exclusive coverage from iWatch News. …"

Center's Ronnie Greene Discusses Solyndra with CNN

Reporter Ronnie Greene interviewed for a CNN segment on failed solar company Solyndra

Excerpts from this story referencing "Solyndra":

"… terviewed below in this CNN report. …"

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