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FBI raids solar panel company hailed by Obama
Firm got $500 million in stimulus funds
FBI agents on Thursday executed search warrants at the California headquarters of Solyndra LLC, which was awarded more than $500 million in federal stimulus loans in 2009 to make solar panels in what the Obama administration called part of an aggressive effort to put more Americans to work and end U.S. dependence on foreign oil.
But the firm filed a bankruptcy petition Tuesday in Delaware, shedding more than 900 full-time employees and leaving just a “core group” of 113 employees, according to bankruptcy records.
FBI spokesman Peter D. Lee said multiple search warrants were served at the company’s Fremont headquarters in what he called a joint investigation by the FBI and the Energy Department’s office of inspector general. But he said he could not provide any details about the ongoing probe.
Energy spokeswoman Karen Sulier confirmed that the department was involved in the investigation but would not elaborate. Solyndra spokesman David Miller said the company was cooperating in the investigation but did not know the reason for the search.
News of the raid prompted key Republicans in Congress, who already were investigating the loan to the company, to issue a statement calling for answers from the company.
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Solyndra got a bunch of money from Osama's stimulus, and squandered or embezzled it. Normally, this kind of behavior is winked at by Demonrats and other corrupt politicians, but right now Osama is in the hot seat, and needs to appear to be actually working for the best interests of America - if he wants a chance at re-election, anyway.
Fast and Furious, Solyndra, grounding most of the wildfire-tanker fleet, new illegal wars, cozying up to radical Muslims, growing our debt exponentially, urging open war between unions and the Tea Party, giving de-facto amnesty to illegals, raising taxes - what CAN'T Osama do?
This administration is acting like my cats - covering up their smelly crap until someone else unearths it while covering up THEIR crap. The cats have redeeming aspects, unlike Demonrats.
H/t A trainwreck in Maxwell
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