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White House kept close tabs on Solyndra loan, internal emails show | iWatch News

With Obama about to take a trip where he might be able to announce the loan in March 2009, top White House officials were pressing for a quick answer.

“If you guys think this is a bad idea, I need to unwind the WW [West Wing] QUICKLY,” wrote Ronald A. Klain, then chief of staff to Vice President Joe Biden, in an email sent March 7, 2009.

Three days later, an analyst at the Office of Management and Budget cautioned against moving too quickly. “This deal is NOT ready for prime time,” the analyst wrote in a March 10, 2009 email.

Only 10 days later, the Energy Department formally announced its commitment to guarantee the loan, which the administration had fast-tracked as the first green energy project backed by stimulus dollars.

The administration wanted to unveil the announcement while Obama was on a visit to California, according to excerpts of the emails, among information that has been uncovered by the House Energy and Commerce Committee and obtained by iWatch News and ABC News. As previously reported by iWatch News , recurring red flags failed to slow the administration's race to approve the loans. [A complete timeline of key events involving Solyndra is here.]

CONTINUE via www.iwatchnews.org

By Matthew Mosk and Ronnie Greene

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