- The Foundry: Conservative Policy News Blog from The Heritage Foundation - http://blog.heritage.org -
Solyndra CEO Called the Federal Government the ‘Bank of Washington’
Posted By Lachlan Markay On August 2, 2012 @ 1:11 pm In Energy and Environment,Featured,Scribe | 2 Comments
From today’s House Energy and Commerce Committee report on the Department of Energy’s Solyndra loan guarantee comes this startling revelation: Chris Gronet, the CEO of Solyndra, referred to the federal government as the “Bank of Washington,” adding, “it continues to help us.”
The report underscores the degree to which the Energy Department prioritized political considerations over economic ones when deciding to restructure Solyndra’s loan.
Here is a screenshot of the email (click to enlarge), released as part of the committee’s investigation. The full report is embedded below.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2012/08/02/solyndra-ceo-called-obama-administration-the-bank-of-washington/
URLs in this post:
 underscores : http://blog.heritage.org/2012/08/02/white-house-officials-doe-concerned-with-optics-in-solyndra-loan/
 Image: http://blog.heritage.org/wp-content/uploads/bankofwashington.jpg
Copyright © 2011 The Heritage Foundation. All rights reserved.