Friday, September 9, 2011

Is Solyndra the End of Obama?

FBI Raids 'Connected' Energy Firm Solyndra ... The FBI has confirmed to ABC News that federal agents are conducting a search this morning at the offices of Solyndra, the now-bankrupt California solar power company that received $535 million in federal loans under a green energy program touted by President Obama. The raid is part of a joint operation between the FBI and the Department of Energy's Office of Inspector General, Public Affairs Specialist Peter D. Lee said Thursday morning. Lee said he could not disclose the reason for the raid because the matter is under seal. ... Federal auditors had flagged the loan, saying some applicants had benefitted from special treatment. One of the lead private investors in Solyndra was an Oklahoma billionaire who served as an Obama "bundler," raising money during the 2008 presidential campaign. – ABC News

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