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| Economy |
| Treasury official: Taxpayers on hook for Solyndra failure before commercial firms is a first |
| 2011-10-15 |
| At Friday's Solyndra ...a green technological winnerpicked by the B.O. regime that cost the taxpayers a half billion dollars, with the added benefit of the campaign contributors who put money into the project getting paid before the taxpayers when the wreckage went up for sale... hearing, an B.O. regime Treasury Department official admitted that he's never heard of taxpayer money being subordinate to outside commercial firms. That means the B.O. regime is admitting it's awfully suspicious that investors like George Kaiser's firms and others got their cash back when Solyndra failed, but the taxpayers ended up on the hook for the $535 million the Department of Energy promised it via a loan guarantee. "So in your experience of 28 years, plus being the chief financial officer [five years], can -- have you ever heard of taxpayer money being subordinate to outside commercial firms?," House energy and commerce subcommittee on oversight and investigations chairman Rep. Cliff Stearns asked Obama's Treasury Department Federal Financing Bank chief financial officer Gary Burner at the hearing. "No sir, I have not," Burner replied. Stearns asked the question a couple more times, making sure he got the same answer -- and he did. |
| Posted by:Beavis |
| #2 He promised change, didn't he? |
| Posted by: Bobby 2011-10-15 11:14 |
| #1 But not last---sheep are born to be sheared. |
| Posted by: g(r)omgoru 2011-10-15 06:51 |