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View Full Version : W.H. mulled bailing out Solyndra Before Bankruptcy




TheBlackPeterSchiff
11-02-2011, 09:20 PM
WASHINGTON – Days before a solar panel maker collapsed, the Obama administration considered a bailout that would have provided an infusion of cash and a new board of directors, including two directors appointed by the Energy Department.

Officials rejected the plan, which was recommended in August by the investment banking firm Lazard Ltd. Lazard was paid $1 million for analyzing options related to the faltering company, Solyndra Inc.

Details of the bailout plan were among nearly 1,200 pages of documents released by the government Wednesday, hours before a House subcommittee was set to vote on a plan to subpoena White House documents related to Solyndra.

Read more: http://www.foxnews.com/politics/2011/11/02/obama-administration-considered-bailout-for-solyndra-before-bankruptcy/#ixzz1cboMnzrW


Shit gets even more interesting. Why isnt OWS protesting this?

Aratus
11-03-2011, 07:18 AM
^true^

Bern
11-03-2011, 07:59 AM
Bailouts are the new black.