New emails released in the Solyndra investigation show that the Dept of Treasury warned the Dept of Energy that the proposed restructuring of Solyndra's loan may have been illegal and suggested it be reviewed by the Dept of Justice before proceeding. " In February, we requested in writing that DOE seek the Department of Justice’s approval of any proposed restructuring,” Mary Miller, assistant secretary wrote in a Aug. 17, 2011, memo to OMB deputy chief Jeffrey Zients. “To our knowledge that never happened.”
The emails also show that senior DOE adviser Steven Spinner, while formally rescuing himself from the Solyndra loan application actively promoted it. “How [expletive] hard is this?” Spinner wrote on Aug. 28 to an another department official. “What is he waiting for? Will we have it by the end of the day?”
Ok Secretary Chu knew that subordinating the DOE loan to the Kaiser Foundation's loan was very iffy in the legal sense. Nevertheless he approved the restructuring. He also should have known that Solyndra was a very risky venture and that risk he ignored. Now Solyndra is bankrupt and Chu should resign.
No comments:
Post a Comment