White House Rushed Bad Solar Loan

    FREMONT, CA - MAY 26:  Ben Bierman (R) and Chris Gronet (L) lead U.S. President Barack Obama on a tour of the Solyndra solar panel company May 26, 2010 in Fremont, California. President Obama toured Solyndra Inc., a growing solar power equipment facility that is adding jobs as they expand their operation.  (Photo by Paul Chinn-Pool/Getty Images) *** Local Caption *** Barack Obama;Chris Gronet;Ben Bierman

    Paul Chinn, Pool / Getty Images

    On top of all its other troubles, the Obama administration may have a small scandal on its hands: the White House rushed regulators to approve a $535 million loan for solar-panel manufacturer Solyndra, which collapsed despite taxpayer assistance two weeks ago. Emails released by Republican investigators in Congress show the White House in August 2009 asked the Office of Management and Budget to hurry its consideration of the loans so Vice President Joe Biden could announce the deal in September. “We have ended up with a situation of having to do rushed approvals on a couple of occasions (and we are worried about Solyndra at the end of the week),” one OMB official wrote to Biden’s domestic-policy adviser. Another email complained of “the time pressure we are under to sign off on Solyndra.”

    Read it at The Washington Post