Paul: Shrinking dollar behind higher gas prices

Source: By Bill Robinson The gasoline prices are nearly double what they were a year ago because the value of the U.S. dollar is shrinking, U.S. Sen. Rand Paul, R-Ky., told a join meeting of the Richmond and Berea chambers of commerce Friday. “Gasoline is not more scarce than it was a year ago,” […]

Officials Knew The Solyndra Deal Was Possibly Illegal

Source: Officials at the Department of Energy were warned that they could be violating the law if they restructured a loan guarantee for the solar panel maker Solyndra so that investors would be repaid before taxpayers. They went ahead anyway, The Washington Post reports, after getting a look at the email correspondence that preceded […]

Obama was advised against visiting Solyndra after financial warnings

Source: Obama was advised against visiting Solyndra after financial warnings   By Carol D. Leonnig and Joe Stephens, Updated: Monday, October 3, 3:20 PM Administration officials and outside advisers warned that President Obama should consider dropping plans to visit a solar startup company in 2010 because its mounting financial problems might ultimately embarrass the White House.“A […]

Energy Dept’s Last-minute Loans: Billions to Alternative Energy Firms

Source: The Department of Energy (DOE) Friday finalizedgrants for four solar energy projects. The guaranteed funds being made available to the companies total more than $4.7 billion. Earlier in the week, the DOE awarded separate loan guarantees worth one billion dollars for two solar power plants and one cellulosic ethanol biorefinery.

The decision comes several […]

Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi’s Brother-In-Law

Source: Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies — including a $737 million loan guarantee to a company known as SolarReserve: SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a […]

Issa to launch probe of Obama actions on Solyndra, LightSquared

Source: Rep. Darrell Issa (R-Calif.) said Tuesday that his committee plans to investigate government loan programs to private corporations in light of allegations of improper dealings between the White House and failed energy company Solyndra and wireless start-up LightSquared. “I want to see when the president and his cronies are picking winners and losers… […]

Documents show Solyndra sought second government loan guarantee for $469 million

Source: By Matthew Boyle – The Daily Caller Failed solar panel maker Solyndra’s Securities and Exchange Commission filings show that seven months after the Obama administration’s Department of Energy approved a $535 million federal loan guarantee, Solyndra applied for a second one valued at $469 million. “On September 11, 2009, we applied for a second […]