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Obama Admin Questioned on Backing of Failed Solar Firm

HeadlineSep 15, 2011

The Obama administration is facing scrutiny following the failure of a solar energy company that received millions of dollars in government aid. Newly disclosed emails show the Obama administration rushed to refinance a $535 million loan to the company Solyndra, despite warnings the firm was near collapse. Solyndra closed its doors two weeks ago, forcing taxpayers to foot the bill for the company’s half-billion-dollar loan. Republicans say politics may have played a role. Investment funds linked to Tulsa billionaire and top President Obama fundraiser George Kaiser were the lead investors in Solyndra’s operations.

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