Solyndra’s Creditors Include California Democratic Party
September 28, 2011
FoxNews.com
9/27/2011
Among the roughly 5,000 creditors named by Solyndra, a bankrupt solar energy company that is under investigation for losing a half billion dollars in federal loans, is the California Democratic Party, which says it doesn’t know why.
The bankruptcy filing doesn’t say why the organization is listed as one of the creditors or how much money it is owed. The filing contains about 200 pages of creditors listed in alphabetical order with their address but not the amount owed.
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At the hearings today, the implication was that DOE did not perform good due diligence. That was a totally erroneous assumption. This has nothing to do with good or bad due diligence. What this is about is that in a 2008 meeting: Lachlan Seward, Matt Rogers & Steve Spinner pointed to a piece of paper and, essentially, said: “these are our friends, they will get money. These are their competitors and our lobbyists competitors, they will not get money.” All so-called due-diligence thereafter was purposely non-existant or steered towards those friends and against those competitors. I was there!