Three Weeks After Solyndra Scandal Began MSNBC Prime Time Programs Still Haven’t Reported It
Today is the three week anniversary of the beginning of the Solyndra scandal, and the prime time programs of the so-called “news network” named MSNBC have yet to report one single word about it.
This is despite daily revelations about the growing controversy for the Obama administration including the following from the San Jose Mercury Tuesday:
The top executives at Fremont’s bankrupt solar manufacturer Solyndra plan to invoke their Fifth Amendment rights and refuse to answer questions when they appear at a congressional hearing Friday.
First there was Fast and Furious, then there was Solyndra and now there is LightSquared — three high-level scandals that involve allegations of cover-ups inside the Obama administration.
For a president who is already dragging an unpopular agenda and low marks on his handling of the economy along the campaign trail, this scandal troika is seriously bad news.
Treasury Joins FBI, Congress in Investigating Stimulus Loan to Failed Solar Panel Company
The Treasury Department has launched an investigation into a now-defunct solar panel company’s $528 million stimulus loan, focusing specifically on the federal bank that processed it.
The loan to Solyndra has set off a firestorm on Capitol Hill, with a Republican-led House committee releasing emails suggesting the White House had pressured budget officials into expediting their fiscal review of the loan ahead of a plant groundbreaking. The company was touted prominently by the Obama administration for its work growing so-called green jobs.
Several lawmakers are questioning the Obama administration about whether the controversial “Fast and Furious” gunrunning probe may have had a cousin in Florida that resulted in guns being trafficked to Central America.
Rep. Gus Bilirakis, R-Fla., penned a letter Tuesday to Attorney GeneralEric Holder and ATF Acting Director Kenneth Melson inquiring about a program known as “Operation Castaway.” Other top lawmakers are also starting to look into it, though ATF claims the program was above board and not similar to Operation Fast and Furious at all.
Kenneth Melson has been acting director of the ATF since 2009.
The Justice Department says Castaway was an anti-gun trafficking operation handled by an ATF division in Florida. It resulted last year in a slew of convictions for defendants the department claimed provided firearms linked to violent crimes around the world. But in light of questions surrounding the Fast and Furious probe out of ATF’s Phoenix division, Bilirakis questioned whether Castaway bore the same suspicious hallmarks.
Fast and Furious came under fire for allegedly allowing guns to “walk” across the Mexico border in an attempt to track their migration into cartel hands. Weapons tied to the program were found at the scene of Border Patrol agent Brian Terry’s murder last year.
Solyndra Not Sole Firm to Hit Rock Bottom Despite Stimulus Funding
Solyndra, the solar panel company whose highly publicized failure and consequent investigation by federal authorities has flashed across headlines recently, isn’t the only business to go belly up after benefiting from a piece of the $800 billion economic stimulus package passed in 2009.
At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy.
Evergreen Solar Inc., indirectly received $5.3 million through a state grant to open a $450 million facility in 2007 that employed roughly 800 people. The company, once a rock star in the solar industry, filed for bankruptcy protection last month, saying it couldn’t compete with Chinese rivals without reorganizing. The company intends to focus on building up its manufacturing facility in China.
SpectraWatt, based in Hopewell Junction, N.Y., is also a solar cell company that was spun out of Intel in 2008. In June 2009, SpectraWatt received a $500,000 grant from the National Renewable Energy Laboratory as part of the stimulus package. SpectraWatt was one of 13 companies to receive the money to help develop ways to improve solar cells without changing current manufacturing processes.
Treasury Joins FBI, Congress in Investigating Stimulus Loan to Failed Solar Panel Company The Treasury Department has launched an investigation into a now-defunct solar panel company’s $528 million stimulus loan, focusing specifically on the federal bank that processed it. The loan to Solyndra has set off a firestorm on Capitol Hill, with a Republican-led House committee releasing emails suggesting the White House had pressured budget officials i … Read More
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Three Weeks After Solyndra Scandal Began MSNBC Prime Time Programs Still Haven’t Reported It
The top executives at Fremont’s bankrupt solar manufacturer Solyndra plan to invoke their Fifth Amendment rights and refuse to answer questions when they appear at a congressional hearing Friday.
