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 "Fisker Automotive":

"… h electric cars. “We're making a bet in innovation.” The thousands of Fisker Automotive cars never did roll off assembly lines, and the thousands of jobs never su …"

"… outside suppliers — that derailed his vision. “From the outset, Fisker Automotive aimed to be a new American car company, setting pioneering standards for l …"

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 "Massachusetts":

"… mment was widely perceived to be a knock at senators such as John Kerry of Massachusetts who maintained cordial relations with Assad in the months leading up to hi …"

Scandalized DOE loan program has Romney connection

By Michael Beckel

Scandalized federal loan program was lobbied by Romney fundraiser.

Excerpts from this story referencing "Pfizer":

"… s raised nearly $425,000 for Romney. His clients include PhRMA, drug-maker Pfizer, Chevron, Visa, US Airways and the American Petroleum Institute. The othe …"

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 "Department of Energy":

"… ement them.” …"

"… aid White House spokesman Eric Schultz, “today’s report finds that the Department of Energy has been judicious in balancing these risks.”Rep. Henry A. Waxman, the r …"

"… to spotlight major problems early in the process.The White House said the Department of Energy “is reviewing the recommendations and will carefully identify the best w …"

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 "United States":

"… to the campaign. I’m there because … I can help promote trade for the United States.”Islam said that he supports Obama in 2012 because the election is about …"

"… rom the class of 2012.Two other groups have several bundlers on board: the United States Holocaust Memorial Council, with five, and the White House Council on Comm …"

"… d as “POTUS meeting” (Secret Service shorthand for “President of the United States”) attracted at least 20 bundlers, almost all from the 2012 campaign. The …"

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 "Department of Energy":

"… v. 3. …"

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":

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

"… den 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 …"

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":

"… n 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 th …"

"… 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 "Solyndra":

"… llout from the government’s failed $535 million bet in solar panel maker Solyndra expanded on Friday, with the Obama administration seeking an independent a …"

"… nt’s multi-billion dollar portfolio of investments in clean tech firms. Solyndra, the first recipient of Energy Department backing, collapsed in bankruptcy …"

"… gy Department and White House backed the half billion dollar investment in Solyndra, government emails show, even as budget and Treasury officials were r …"

"… are awarded on merit. The White House said the new audit will not include Solyndra, which is already facing investigations by the FBI and Inspectors General …"

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 "Fisker Automotive":

"… orted Thursday that there are now emerging questions about the progress of Fisker Automotive, which has experienced delays with the production of its $97,000 hybrid el …"

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 …"

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

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

"… 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 …"

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 "Pfizer":

"… 0,000 in just this quarter.Sally Susman runs communications for drug giant Pfizer, which flooded Capitol Hill with lobbyists to the tune of $26 million in 2 …"

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 hea …"

"… 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 "Department of Energy":

"… r investigation by the Justice Department, the Treasury Department and the Department of Energy's Inspector General.The Obama administration had selected Solyndra as the …"

"… stand how signs of Solyndra's financial trouble had been overlooked by the Department of Energy.Another hearing is planned Firday morning, when the committee will explore …"

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 "Solyndra":

"… ergy Department officials to move faster in approving a loan guarantee for Solyndra, even as his wife’s law firm was representing the California solar compa …"

"… or Obama's campaign, joined the DOE in April 2009.The $535 million loan to Solyndra was ultimately approved in 2009 and for months was touted by President Oba …"

"… one high ranking energy official in the White House warns shortly before Solyndra’s bankruptcy, on Aug. 26, that what’s coming is a “*#~@ show” and …"

"… s.”In the lengthy email discussions that occurred in the days before the Solyndra loan closed in September 2009, Spinner emerges as a key figure in advocati …"

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. Energ …"

"… 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 "Ron Klain":

"… " Ultimately, the White House decided to go ahead with the factory visit. Ron Klain, then the chief of staff to Vice President Biden, wrote in an email that e …"

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 "Delaware":

"… ttorneys representing the U.S. government during bankruptcy proceedings in Delaware. The solar company was awarded a $535 million federal loan as part of Pres …"

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 …"

"… inner 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 "House Committee on Oversight and Government Reform":

"… of the bankrupt solar company Solyndra. Rep. Darrell Issa, chairman of the House Committee on Oversight and Government Reform, is concerned about the government “picking winners and losers.” The C …"

Solyndra excutives stonewall Congress

By Matthew Mosk

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

Excerpts from this story referencing "Department of Energy":

"… stand how signs of Solyndra's financial trouble had been overlooked by the Department of Energy. "I want to ask Mr. Harrison if he thinks the American people who investe …"

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, th …"

"… 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 s …"

"… ancial 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 "Democratic Party":

"… day that LightSquared CEO Sanjiv Ahuja made a $30,400 contribution to the Democratic Party, two of his deputies appealed to the White House for meetings with top tec …"

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 "ABC News":

"… in loan guarantees, according to emails first obtained by iWatch News and ABC News. The loans were ultimately made anyway. Ronnie Greene is interviewed below …"

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