Obama Was Warned About Solyndra

BBC - A Democratic fundraiser warned that investors did not rate the chances of survival for the firm, Solyndra. A White House official, meanwhile, said the May 2010 visit to its California offices could later prove embarrassing. The solar panel firm received a $528m (£340m) federal loan in March 2009, but filed for bankruptcy this August. The emails were revealed in an internal memo summarising more than 700 documents, released by Democrats on the House Energy and Commerce Committee, which is investigating the loan. I am increasingly worried this visit could prove embarrassing in the not too distant future.” Venture capitalist Steve Westly - a prominent member of the Obama campaign team in California in 2008 - warned the White House about risks associated with the solar-panel maker. In a 24 May 2010 email to White House senior adviser Valerie Jarrett, Mr Westly said: "Many of us believe the company's cost structure will make it difficult for them to survive long term. Read full story here: News New Mexico

Obama Was Warned About Solyndra