The Solyndra dilemma
To listen click here The political dilemma is not that surprising. Politicians can be expected to give special favors to their major contributors. Rarely are these political rewards so brazen, or so costly, as the $535 million loan guarantee given to the company whose major investor just happened to be George Kaiser, a major fund raiser for President Obama. Even more scandalous, was the loan restructuring agreed to by the Obama administration which subordinated repayment to the federal government in favor of repayment of Kaiser’s personal investment in Solyndra.- Sunday, September 25, 2011