I am not making this up. From this morning’s Washington Post:
The White House has authorized an independent review of all loan guarantees made by the Energy Department to foster green technology amid fallout from the bankruptcy this year of Solyndra, the California company that received a $535 million loan through the program.
White House officials said Friday that Chief of Staff William M. Daley ordered the review, which will evaluate the entire $35.9 billion loan portfolio made to support the private-sector development of new technologies that could help improve the economy and create jobs.
I would love to have been a fly on the wall when Bill Daley and the One were discussing this “independent review,” wouldn’t you? I’m sure Billy mentioned to Barry that yesterday the House Energy and Commerce Committee announced that next week it will consider issuing a subpoena for items related to Solyndra. Chicago on the Potomac in action!
And the hits just keep coming. Also from this morning’s WaPo:
An investment firm whose vice chairman has been an adviser and fundraiser for President Obama saw one of its portfolio companies win approval this year for $50 million in loans from the administration’s clean-energy loan program.
Washington-based Perseus says its affiliation with James A. Johnson, a major fundraiser for Obama’s campaign, played no role in persuading the Energy Department to award the loan to Vehicle Production Group, a Miami start-up that is manufacturing wheelchair-accessible cars and taxis.
Johnson headed Obama’s vice presidential selection committee in 2008 and is the former chairman of housing mortgage giant Fannie Mae. He was listed as a campaign fundraising bundler for Obama in the 2008 race, according to the Center for Responsive Politics, and committed to raising $200,000 to $500,000 for the upcoming presidential race.
Johnson could not be reached for comment Thursday. Perseus Chairman Frank Pearl said in an interview that it is an “absurd idea” to think that Johnson’s political connections helped the Miami company.
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