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Solyndra CEO Called the Federal Government the 'Bank of Washington'

Posted By Lachlan Markay On August 2, 2012 @ 1:11 pm In Featured,Scribe | Comments Disabled

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 [1]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 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:

[1] underscores : http://blog.heritage.org/2012/08/02/white-house-officials-doe-concerned-with-optics-in-solyndra-loan/

[2] Image: http://blog.heritage.org/wp-content/uploads/bankofwashington.jpg

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