the solyndra file

8/4/2019 The Solyndra File

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Obama:The True Engine Of Economic Growth Will Always Be Companies Like Solyndra (President Obama,Remarks By The President On The Economy, Fremont, California, 5/26/10)

Biden On Solyndra Loan Guarantee: This Is Exactly What The Recovery Act Is All About.Thiannouncement today is part of the unprecedented investment this Administration is making in renewableenergy and exactly what the Recovery Act is all about, said Vice President Biden. (Office of the Vice President, Vice

President Biden Announces Finalized $535 Million Loan Guarantee for Solyndra,Press Release, 9/4/09)

Last Week, The FBI Raided Solyndra Headquarters And The Homes Of Its ExecutivesThursday September 8: The Federal Bureau Of Investigation Executed A Search Warrant AtSolyndra, Bureau Spokeswoman Julie Sohn Said In An Interview.(Jim Snyder, FBI Raids Bankrupt Solyndra asLawmakers Question Panel Makers Finances,Bloomberg,9/9/11)

CEO And Founder Of Politically Connected Company Questioned On Day Of Raid. (Ronnie Greene And MattheMosk, Solyndra Investigation Expands With Raid Of Executives' Homes And Files,iWatch News, 9/9/11)

Federal Agents Have Visited The Homes Of Three Current Or Former Solyndra Executives.Federal agents have expanded their examination of the now-bankrupt California solar powercompany Solyndra, searching the homes of the company's chief executive, a founder, and a formerexecutive, examining computer files and documents, the Center for Public Integrity's iWatch

News and ABC News have learned.(Ronnie Greene And Matthew Mosk, Solyndra Investigation Expands With Raid Of Executives'Homes And Files,iWatch News, 9/9/11)

The Agents Looked At The Executives Computer Files. Solyndra spokesman David Millerconfirmed agents visited Harrisons home on Thursday, when the FBI and Energy DepartmentInspector General arrived at the company's headquarters in Fremont, Calif., seizing boxes of recordsYeah, they did go to his house and speak to him briefly, Miller said. I dont know what they mayhave taken. I believe they took a look at his computer.(Ronnie Greene And Matthew Mosk, Solyndra InvestigationExpands With Raid Of Executives' Homes And Files,iWatch News,9/9/11)

The Raids Suggest The Justice Department Is Investigating Whether Solyndra Misled TheGovernment When Securing Its Loans.The raid and visits come amid increasing evidence the Justice

Department and Inspector General are exploring whether Solyndra mislead the government in securing its$535 million loan in 2009 and landing a vital refinancing of that loan earlier this year. (Ronnie Greene And MattheMosk, Solyndra Investigation Expands With Raid Of Executives' Homes And Files,iWatch News, 9/9/11)

And Signals The Escalation Of A Probe Into The Obama Administrations Clean- EnergyProgram. An FBI raid on Solyndra inc., a solar-panel maker that failed after receiving a $535million loan guarantee from the U.S. energy department, may signal the escalation of a probe into thObama administrations clean- energy program.(Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question PanelMakers Finances, Bloomberg, 9/9/11)
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2009: The Stimulus First Taxpayer-Backed Green Loan

Solyndra: The Epitome Of Our Green Tech Future

The Obama Administration, Including Obama Himself, Praised The Taxpayer Guaranteed Loan InSolyndra. A parade of Administration officials praised the investment, including President Obama, whosaid in a speech last year at the company's Fremont headquarters that companies like Solyndra are leading

the way toward a brighter and more prosperous future.(Editorial, The Solyndra Scandal,The Wall Street Journal,9/9/11)

Biden On Solyndra Loan Guarantee: This Is Exactly What The Recovery Act Is All About.This announcement today is part of the unprecedented investment this Administration is making irenewable energy and exactly what the Recovery Act is all about, said Vice President Biden. (Office ofthe Vice President, Vice President Biden Announces Finalized $535 Million Loan Guarantee for Solyndra,Press Release, 9/4/09)

In 2009, The Energy Department Put Solyndra's Application On A Fast-Track For Approval, AndAnnounced The Award With Great Fanfare.(Ronnie Greene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings, iWatAnd ABC News, 9/9/11)

Energy Secretary Chu Flew Out For A Solyndra Factory Groundbreaking, And Vice PresidentBidens Image Was Beamed To The Ceremony Through A Video Feed.(Carol D. Leoning, Joe Stephens, andAlice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions,The Washington Post, 6/25/11)

"Solyndra Was The Epitome Of What The Government Envisioned To Be Our Green Tech Future...Confidence Was So High That Solyndra Got A $535 Million Stimulus Program Loan To Build A NewFactory Along I-880 In Fremont." (David Louie, "Fremont Solar Panel Maker Solyndra Scales Back Expansion Plans,"The Oakland Tribune,11/4/10)

Solyndra Was Supposed To Create 3,000 Construction Jobs And 1,000 Permanent Jobs Once TheFactory Opened.Solyndra estimates the new plant will initially create 3,000 construction jobs, and lead tas many as 1,000 jobs once the facility opens. Hundreds more will install Solyndras solar panels on rooftoparound the country. (Office of the Vice President, Vice President Biden Announces Finalized $535 Million Loan Guarantee for Solyndra,Press Relea9/4/09)

Biden: Its Important Because These Jobs Are Going To Be Permanent Jobs. These Are TheJobs Of The Future. These Are The Green Jobs, These Are The Jobs That Wont Be Exported.(Vice President Biden, VP Biden and Sec. Chu Announce Major Recovery Act Announcement, 9/4/09)

Solyndra Was The First Company To Receive Taxpayer Backed Loans During The ObamaAdministration. Solyndra was the first company to get a taxpayer-backed loan in the early weeks of thenew Obama administration, but there are more than 40 other clean tech firms and projects the EnergyDepartment has since backed or agreed to back with more than $38 billion in taxpayer funds. (Carol Leonnig,After Solyndra Failure, Auditors Wonder What Other Bad Bets Obama Officials Made,The Washington Post, 9/1/11)
http://online.wsj.com/article/SB10001424053111904836104576558763644374614.html?mod=WSJ_Opinion_AboveLEFTTophttp://online.wsj.com/article/SB10001424053111904836104576558763644374614.html?mod=WSJ_Opinion_AboveLEFTTophttp://online.wsj.com/article/SB10001424053111904836104576558763644374614.html?mod=WSJ_Opinion_AboveLEFTTophttp://www.whitehouse.gov/the-press-office/vice-president-biden-announces-finalized-535-million-loan-guarantee-solyndrahttp://www.whitehouse.gov/the-press-office/vice-president-biden-announces-finalized-535-million-loan-guarantee-solyndrahttp://www.whitehouse.gov/the-press-office/vice-president-biden-announces-finalized-535-million-loan-guarantee-solyndrahttp://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848http://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848http://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848http://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848http://www.washingtonpost.com/politics/obamas-focus-on-visiting-clean-tech-companies-raises-questions/2011/06/24/AGSFu9kH_story.htmlhttp://www.washingtonpost.com/politics/obamas-focus-on-visiting-clean-tech-companies-raises-questions/2011/06/24/AGSFu9kH_story.htmlhttp://www.washingtonpost.com/politics/obamas-focus-on-visiting-clean-tech-companies-raises-questions/2011/06/24/AGSFu9kH_story.htmlhttp://abclocal.go.com/kgo/story?section=news/business&id=7763956http://abclocal.go.com/kgo/story?section=news/business&id=7763956http://abclocal.go.com/kgo/story?section=news/business&id=7763956http://abclocal.go.com/kgo/story?section=news/business&id=7763956http://www.whitehouse.gov/the-press-office/vice-president-biden-announces-finalized-535-million-loan-guarantee-solyndrahttp://www.whitehouse.gov/the-press-office/vice-president-biden-announces-finalized-535-million-loan-guarantee-solyndrahttp://www.whitehouse.gov/video/VP-Biden-and-Sec-Chu-Announce-Major-Recovery-Act-Announcementhttp://www.whitehouse.gov/video/VP-Biden-and-Sec-Chu-Announce-Major-Recovery-Act-Announcementhttp://www.whitehouse.gov/video/VP-Biden-and-Sec-Chu-Announce-Major-Recovery-Act-Announcementhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.whitehouse.gov/video/VP-Biden-and-Sec-Chu-Announce-Major-Recovery-Act-Announcementhttp://www.whitehouse.gov/the-press-office/vice-president-biden-announces-finalized-535-million-loan-guarantee-solyndrahttp://abclocal.go.com/kgo/story?section=news/business&id=7763956http://www.washingtonpost.com/politics/obamas-focus-on-visiting-clean-tech-companies-raises-questions/2011/06/24/AGSFu9kH_story.htmlhttp://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848http://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848http://www.whitehouse.gov/the-press-office/vice-president-biden-announces-finalized-535-million-loan-guarantee-solyndrahttp://online.wsj.com/article/SB10001424053111904836104576558763644374614.html?mod=WSJ_Opinion_AboveLEFTTop


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The Energy Department Gave Solyndra The Most Federal Backing Awarded A SolarManufacturer. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,Bloomberg, 9/9/11)

The Generous Terms Of The Government Loan Included The Lowest Interest Of All The GreeProjects Benefitting From Energy Department Help, iWatch News And ABC News Found.RonniGreene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings,iWatch And ABC News, 9/9/11)

Obamas OMB And Treasury Department Were Looking Over the Shoulders Of The EnergyDepartments Finance Team, Which Was Made Up Of Wall Street Veterans.The Energy Department

has established the worlds largest project finance teamheavily populated by Wall Street veterans who golaid off after the financial crisisand its got the Office of Management and Budget as well as the TreasuryDepartment looking over its shoulders on every loan.(Michael Grunwalkd, The White House Wouldnt Answer RepublicansQuestions, So IllTry, Times Swampland, 6/24/11)

2010: Obamas Personal Touch & The Beginnings Of Trouble

Obama Visited Solyndras Factory In May 2010, Only Weeks After It Became Public ThatIndependent Auditors Had Questioned Whether It Could Remain A Going Concern. (Carol D. Leoning, JoeStephens, and Alice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions,The Washington Post, 6/25/11)

Obama:The True Engine Of Economic Growth Will Always Be Companies Like Solyndra (President Obama, Remarks By The President On The Economy, Freemont, California, 5/26/10)

Buoyed By Government Confidence, Solyndra Planned An Initial Public Stock Offering Expected ToRaise $300 Million.(Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean -Tech Compaines Raises Questions,TheWashington Post, 6/25/11)

George Kaiser, A Major Obama Fundraiser And Frequent White House Visitor, Was One OfSolyndras Largest Investors.Its largest investors were venture capital funds associatedwith Kaiser, the Tulsa oil executive who served as a major Obama fundraiser in 2008 and who hasbeen a frequent White House visitor. (Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean-TechCompaines Raises Questions,The Washington Post, 6/25/11)

Weeks Before Obama Spoke At Solyndra, PricewaterhouseCoopers Said There Was SubstantialDoubt About Solyndras Viability. But just weeks before Obamas arrival, the company releasedsobering news from independent auditors evaluating its public offering plan. PricewaterhouseCoopers saidSolyndras losses and negative cash flow raised substantial doubt about its ability to continue as a going
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concern.(Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean -Tech Compaines Raises Questions,The Washington Post,6/25/11)

Solar Analyst Ramesh Misra: To Think They Could Compete On Any Basis, That Took A VeryBig Leap Of Faith.(Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean -Tech Compaines Raises Questions,The Washington Post, 6/25/11)

November: "Solyndra Inc., A Company Obama Touted As An Example Of A Green Energy Future WillEliminate 155 To 175 Jobs In Fremont." "Solyndra Inc., the high-flying solar panel maker once touted byPresident Barack Obama as a model for a green energy future, said Wednesday it has scuttled its factoryexpansion in Fremont, a move that will stop the company's plans to hire 1,000 workers. Solyndra said it wialso close an existing factory in the East Bay. That will leave the company with one Fremont factory, a newplant visible from Interstate 880. The moves mean that instead of having 2,000 workers in Fremont,Solyndra will cap its work force at 1,000, which is about the current level. Solyndra also will, over the nextseveral weeks, eliminate 155 to 175 jobs in Fremont." (David Louie, "Fremont Solar Panel Maker Solyndra Scales Back ExpansionPlans,"The Oakland Tribune,11/4/10)

Independent Auditors FindFavorable Treatment And A Lack Of Transparency

Government Accountability Office: The Administration Didnt Do Its Due Diligence WhenCelebrating The $535 Million In Stimulus Funds For Solyndra. It's not his statements the

administration will regret; it's the loan guarantees. The President was celebrating $535 million in federalpromises from the Department of Energy to the solar startup. The administration didn't do its due diligencesays the Government Accountability Office. There's a consequence if you don't follow a rigorous processthat's transparent, Franklin Rusco of GAO told the website iWatch News.(Scott McGrew, Solyndra Filing A Disaster ForObama,NBC Bay Area News, 8/31/11)

Solyndra Was One Of Five Companies The Energy Department Failed To Properly Assess,Leaving The GAO Greatly Concerned.Government auditors are questioning whether theadministration may have made other bad bets on clean energy. Frank Rusco, a GovernmentAccountability Office director who helped lead a review of the Solyndra loan and the EnergyDepartments loan guarantee program, said GAO remains greatly concerned by its 2010 finding thathe agency agreed to back with loans five companies without properly assessing their failure risks.

The companies were not identified in the report, but the agency has since acknowledged thatSolyndra was one. (Carol Leonnig, After Solyndra Failure, Auditors Wonder What Other Bad Bets Obama Officials Made, The WashingtonPost, 9/1/11)

GAO Investigation Revealed Obamas DepartmentOf Energy Favored Some Loan Applicants AndDisadvantaged Others.That's when the Government Accountability Office issued an unusually bluntassessment of the Energy Department's loan program in general, concluding that the department hadtreated applicants inconsistently, favoring some and disadvantaging others.(Matthew Most and Brian Ross, SolyndraCollapse A Waste Of Half A Billion By Obama, GOP Critics Say,ABC News , 9/1/11)

Congressional Auditors Found Energy Department Gave Favorable Treatment To Solyndra,Bypassing Required Steps. A few weeks later, congressional auditors announced that Energy Departmen

had given favorable treatment to some loan-guarantee applicants. A Government Accountability Officereport found that the department had bypassed required steps for funding awards to five applicants,including Solyndra. (Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions,TheWashington Post, 6/25/11)
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2011: Restructuring, Investigations, And Taxpayers Money On The Line

Obamas Department Of Energy Allows A Restructuring Of The Loan While Putting TaxpayersAt Increased Risk

In January, Obamas Energy Department Gave Solyndra More Time To Repay The Taxpayer FundedLoan. In an email yesterday, an Energy Department spokesman said the government restructured the debto give Solyndra more time to repay and avoid defaultmuch like commercial lenders do when ahomeowner is having trouble making the mortgage payments. (Editorial, The Solyndra Scandal,The Wall Street Journal,9/9/11)

Sounds Like Energy Officials Already Feared Solyndra Might Go Belly-Up. (Editorial, The SolyndraScandal,The Wall Street Journal,9/9/11)

Obamas Energy Department Allowed Taxpayers To Take A Backseat To Private Investors When It

Came To Recouping Their Losses.And as part of the deal, the Energy Department agreed that if thecompany went bust, private investors could recoup their losses before the government. (Ronnie Greene And MattheMosk, Obama Officials Sat In On Solyndra Meetings, iWatch And ABC News, 9/9/11)

Current Solyndra CEO Brian Harrison Was Not With The Company For The Initial Loan, But WasThere For The Refinancing. Miller, the Solyndra spokesman, noted that Harrison was not with thecompany when it secured the loan in 2009. He was, however, CEO when Solyndra landed a governmentrefinancing that extended its payment period. (Ronnie Greene And Matthew Mosk, Solyndra Investigation Expands With Raid OfExecutives' Homes And Files,iWatch News, 9/9/11)

Obama Administration Bypassed Procedural Steps Meant To Protect Taxpayers. The Obamaadministration bypassed procedural steps meant to protect taxpayers as it hurried to approve an energy

loan guarantee to a politically-connected California solar power startup, ABC News and the Center for PublIntegrity's iWatch News have learned. (Matthew Mosk, DidObama Administration Cut Corners For A Green Energy Company,ABC News,5/24/11)

Further Investigations

When Republicans Tried To Hold A Hearing On Solyndra In June 2011, The White House OfficialCalled To Testify Blew Them Off. House Republicans tried to hold a hearing today on what the NewYorkTimescalled the Energy Departmentsembattled loan guarantee program. They wanted to shine aspotlight on the programs most embattled beneficiary, the solar manufacturer Solyndra. But they only
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called one White House official to testify, and he blew them off. (Michael Grunwalkd, The White House Wouldnt AnswerRepublicans Questions, So Ill Try, Times Swampland, 6/24/11)

The Energy Departments Inspector General Has Said Obamas Clean-Energy Loan Program IsLacking In Transparency And Accountability.Agents for Energy Department Inspector GeneralGregory Friedman, who has called the departments clean-energy loan program lacking in transparency anaccountability, joined in the search yesterday at the Fremont, California, headquarters of Solyndra, whichfiled for bankruptcy protection on Sept. 6.(Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,Bloomberg,9/9/11)

Inspector General: Obamas Department Of Energy Failed To Maintain Emails About HowLoan-Guarantees Were Awarded. Earlier this year, the Energy Departments inspector generalcriticized the agency for not maintaining e-mails discussing how loan-guarantee winners wereselected. (Carol Leonnig, After Solyndra Failure, Auditors Wonder What Other Bad Bets Obama Officials Made, The Washington Post, 9/1/11)

Misleading Claims

Solyndra CEO Brian Harrison Visited Washington In July, Saying The Company Was On SoundFooting And Expanding. Members of Congress leading a House investigation of the Energy Departmentloan have focused specifically on visits Harrison made to Washington in July, when he said the company waon sound footing and expanding. (Ronnie Greene And Matthew Mosk, Solyndra Investigation Expands With Raid Of Executives' Homes And

Files, iWatch News, 9/9/11)

Reps. Waxman (D-CA) And DeGette (D-CO) Said Solyndra CEO Assured Them In A Meeting Less ThaTwo Months Ago That The Company Was In A Strong Financial Position.Democratic RepresentativeHenry Waxman of California and Diana DeGette of Colorado said yesterday that Solyndra Chief ExecutiveOfficer Brian Harrison assured them in a meeting less than two months ago that the company was in astrong financial position. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,Bloomberg, 9/9/11)

Solyndras CEO Said The Company Was Projected To Double Its Revenues In 2011.He didnot convey to us the perilous condition of the company, and the committee should know why,Waxman and DeGette wrote in a letter yesterday to Stearns. At that time, he said the company wasprojected to double its revenues in 2011, there was strong demand in the United States for its

shipments, and the company was expected to double the megawatts of panel production shipped thiyear, according to the letter. These assurances appear to contrast starkly with his companysdecision to file for bankruptcy. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,Bloomberg,9/9/11)

Politically Directed Investment Is Playing Political Favoritism For The Powerful Few At The ExpensOf Millions Of Middle-Class Taxpayers.The problem with politically directed investment isn't merelythat bureaucrats are betting with someone else's money on industries they may not understand. Suchinvestment also invites political favoritism for the powerful few at the expense of millions of middle-classtaxpayers.(Editorial, The Solyndra Scandal,The Wall Street Journal, 9/9/11)

Obama Administration Involvement

Obama Officials Sat In On Solyndra Meetings. (Ronnie Greene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings,iWatch And ABC News, 9/9/11)

Obama Officials Have Had An Up Close View As The Solar Energy Company Careened TowardsBankruptcy. Officials from the Department of Energy have for months been sitting in on board meetingsas observers at Solyndra, getting an up-close view as the solar energy company careened towardsbankruptcy after spending more than $500 million in federal loan money. (Ronnie Greene And Matthew Mosk, ObamaOfficials Sat In On Solyndra Meetings,iWatch And ABC News,9/9/11)
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The Unusual Arrangement Came To Light As The FBI Converged On SolyndrasHeadquarters. Word of the Energy Department's unusual arrangement came as federal agents onThursday converged on the California headquarters of the failed solar company, focusing freshattention on the first corporate beneficiary of President Obama's stimulus program to create newclean energy jobs. (Ronnie Greene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings, iWatch And ABC News, 9/9/11)

Bankruptcy Announcement And Layoffs

August 2011: Solyndra Announces That It Will File For Bankruptcy, Immediately Laying Off 1,100

Employees. Solyndra, a Fremont solar tech manufacturer, announced Wednesday it is suspendingoperations and immediately laying off 1,100 employees. The company said it will also file for bankruptcy.(George Avalos, Fremont Solar Tech Firm Solyndra To Shut Down, Lay Off 1,100 Workers, The San Jose Mercury News, 8/31/11)

Solyndras President And CEO Brian Harrison: Regulatory and policy uncertainties in recentmonths created significant near-term excess supply and price erosion. (Ehren Goossens, Solyndra, Maker Of SolaModules, To File For Bankruptcy, Cut 1,100 Jobs,Bloomberg News, 8/31/11)

President Obama Faces Political Catastrophe In The Form Of Solyndra -- A San Francisco Bay AreaSolar Company That He Touted As A Gleaming Example Of Green Technology.(Scott McGrew, Solyndra Filing ADisaster For Obama,NBC Bay Area News, 8/31/11)

Solyndra Is The Third U.S. Solar Manufacturer To File For Bankruptcy In A Month As FallingPanel Prices And Weak Global Demand Is Driving A Wave Of Industry Consolidation. (EhrenGoossens, Solyndra, Maker Of Solar Modules, To File For Bankruptcy, Cut1,100 Jobs,Bloomberg News, 8/31/11)

Taxpayers On The Hook

Taxpayers May Be Left On The Hook For The Federal Loans Received By Solyndra. Taxpayers mighbe on the hook for the full amount of the loan if Solyndra is unable to repay, experts in the stimulus and loaguarantee program said Wednesday. The Energy Department could seek repayment in court, but receivingmore than a nominal amount is unlikely because of the companys lack of cash and assets. (Joe Stephens & Carol DLeonnig, Solyndra Solar Company Fails After Getting Controversial Federal Loan Guarantees,The Washington Post, 8/31/11)

Taxpayers Will Not Be The First To Recoup Monies From Solyndra; Investors Will Be The First To

Receive Funds From Bankruptcy. Republicans are already dancing on the grave of Solyndra, the solarpanel manufacturer that received a $535 million federal loan in 2009 and collapsed on Wednesday. Heresmore music they can dance to: Sources tell me the Obama administration restructured the loan this winterso taxpayers probably wont even be the first creditors to get paid after Solyndra files for bankruptcy nextweek.(Michael Grunwald, Big Name Investors Behind Obamas Failed Green Tech Bet First In Line To Recoup Losses, Times Swampland, 9/3/11)

The First $75 Million Will Go To Two Investors, Including Billionaire George Kaiser, AnObama Campaign Bundler.The first $75 million will go to two Solyndra investors who poured inextra cash when the company nearly went bust in January. And one of them is a venture associatedwith the billionaire George Kaiser, an Obama campaign bundler. (Michael Grunwald, Big Name Investors BehindObamas Failed Green Tech Bet First In Line To Recoup Losses, Times Swampland, 9/3/11)

George Kaiser's Argonaut Ventures Are The Single Largest Shareholder Of Solyndra.KaiserArgonaut Ventures and its affiliates have been the single largest shareholder of Solyndra, accordingto SEC filings and other records. The company holds 39 percent of Solyndra's parent company,bankruptcy records filed Tuesday show. (Ronnie Greene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings,iWatch And ABC News, 9/9/11)

George Kaiser's Argonaut Ventures Will Be Able To Recoup Losses Before Taxpayers, Or OtheInvestors. Under terms of the bankruptcy filing, investors including Argonaut-- which led a $75million round of financing for Solyndra earlier this year -- will stand in line before the federalgovernment and other creditors to recoup its losses. (Ronnie Greene And Matthew Mosk, Obama Officials Sat In On
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Solyndra Meetings,iWatch And ABC News, 9/9/11)

Further Questions

Obamas Energy Department Was Sitting In On Solyndra Board Meetings, Raising The Question: DidThe Obama Administration Miss Obvious Warning Signs Of The Companys Troubles In The FinalMonths Before Its Collapse? The Energy Department was keeping a close eye on Solyndra during thosecrucial months sitting in on board meetings as an observer as part of the loan restructuring, iWatch Newsand ABC reported Thursday. That raises key questions: Did DOE miss obvious warning signs of the

companys troubles in the final months before its collapse? (Ronnie Greene And Matthew Mosk, Solyndra Investigation ExpandsWith Raid Of Executives' Homes And Files,iWatch News,9/9/11)

Now, Even Democratic Leaders Are Questioning WhetherSolyndra Misled The Government. (RonnieGreene And Matthew Mosk, Solyndra Investigation Expands With Raid Of Executives' Homes And Files,iWatch News, 9/9/11)

Those Questions Reveal A Significant Turn, As DeGette And Waxman Were Among MembersTo Vote Against Subpoenaing The White House Budget Office For Records On The Loan. (RonniGreene And Matthew Mosk, Solyndra Investigation Expands With Raid Of Executives' Homes And Files,iWatch News, 9/9/11)

GAO Auditors Are Worried That Similar Green Companies May Default Due To The DOEs Rush ToProvide Loans. GAO auditors fear that similar defaults could happen with other projects, possiblyincluding the other four it found werent properly vetted. The GAO last year uncovered the departments

rush to provide Solyndra its loan less than 60 days after Energy Secretary Stephen Chu was sworn in tothe fledgling administration without completing required reviews. (Carol Leonnig, After Solyndra Failure, AuditorsWonder What Other Bad Bets Obama Officials Made,The Washington Post, 9/1/11)
http://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848http://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848http://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848http://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.washingtonpost.com/politics/after-solyndra-failure-auditors-wonder-what-otherbad-bets-obama-officials-made/2011/09/01/gIQALMlnuJ_story.htmlhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://www.iwatchnews.org/2011/09/09/6281/solyndra-investigation-expands-raid-executives-homes-and-files?utm_source=iwatch&utm_medium=social_media&utm_campaign=twitterhttp://abcnews.go.com/Blotter/obama-officials-sat-solyndra-meetings/story?id=14476848


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Solyndras Political Connections

Some Of The Biggest Investors In Solyndra, Which Makes Easy-To-Install Solar Panels, WereVenture Capital Funds Associated With Tulsa Billionaire George Kaiser, A Key Obama Fundraiser.(Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean -Tech Compaines Raises Questions,The Washington Post, 6/25/11)

George Kaiser Bundled Between $50,000 And $100,000 For Obamas 2008 Campaign. (Center ForResponsive Politics, opensecrets.org, Accessed 9/9/11)

Kaiser Made 16 Visits To The Presidents Aides Since 2009, According To White House Visitor Logs(Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,Bloomberg, 9/9/11)

Kaiser Met With White HousesAdvisors The Same Month The Energy Department GaveSolyndra The Loan Guarantee. His first recorded visit to the White House was March 12, 2009,when he met separately with Austan Goolsbee, a senior economic adviser to Obama, Pete Rouse, asenior adviser to the president, and Heather Higginbottom, deputy director of the Domestic PolicyCouncil. The next day he met with Jason Furman, a member of Obamas National Economic Council.That month, the Energy Department awarded Solyndra the $535 million loan guarantee tocommercialize its cylindrical solar panels.(Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel MakersFinances,Bloomberg, 9/9/11)

Kaiser Has Also Met With Valerie Jarrett, And Former Obama Chief Of Staff Rahm Emanuel. InJune, Kaiser met with senior Obama adviser Valerie Jarrett, policy adviser David Pope and Chief ofStaff Rahm Emanuel. His most recent meeting covered by the White House logs was on April 11 ofthis year, with Rouse. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,Bloomberg,9/9/11)

Christian Gronet, The Chairman OfSolyndra, Met With Greg Nelson, From The White House Office OPublic Engagement On Sept. 22, 2009.(Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,Bloomberg,9/9/11)

Solyndra CEO Brian Harrison Met With Obama On December 7, 2010. (Visitor Access Records, The White House,Accessed 9/9/11)

According To White House Visitor Logs, Between March 12, 2009, And April 14, 2011, SolyndraOfficials And Investors Made No Fewer Than 20 Trips To The West Wing.(Amanda Carey, Solyndra Officials MadeNumerous Trips To The White House, Logs Show,The Daily Caller,9/8/11)

Including Four Separate Visits The Week Before Receiving Their Loan Guarantee. In the weekbefore the administration awarded Solyndra with the first-ever alternative energy loan guarantee oMarch 20, four separate visits were logged.(Amanda Carey, Solyndra Officials Made Numerous Trips To The White House, LogShow,The Daily Caller,9/8/11)

Follow Solyndras Money

Ben Bierman, Executive Vice President At Solyndra Has Given $2,300 To Obama, And Has Given$2,150 To Democrat Party Committees And Democrat Aligned Committees.(Matthew Mosk And Ronnie Greene, DObama Administration Cut Corners For a Green Energy Company?, ABC News And IWatch News, 5/24/11; Center For Responsive Politics, opensecrets.org,Accessed 8/31/11)

Including $500 To Priorities USA Action, A Super PAC Supporting President Obama. (Center ForResponsive Politics, opensecrets.org , Accessed 8/31/11; Michael OBrien, Obama Alumni Launch New Outside Group To Boost Reelection, The HillsBriefing RoomBlog, 4/29/11)

Karen Alter, Solyndras Senior VP Marketing, Donated $2,300 To Obama In 2008, And Has Donated$11,000 To The DNC.(Center For Responsive Politics, opensecrets.org, Accessed 8/31/11; Solyndra,Bloomberg Government, Accessed 8/31/11)
http://www.washingtonpost.com/politics/obamas-focus-on-visiting-clean-tech-companies-raises-questions/2011/06/24/AGSFu9kH_story.htmlhttp://www.washingtonpost.com/politics/obamas-focus-on-visiting-clean-tech-companies-raises-questions/2011/06/24/AGSFu9kH_story.htmlhttp://www.washingtonpost.com/politics/obamas-focus-on-visiting-clean-tech-companies-raises-questions/2011/06/24/AGSFu9kH_story.htmlhttp://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://abcnews.go.com/Blotter/obama-administration-solyndra/story?id=13640783http://abcnews.go.com/Blotter/obama-administration-solyndra/story?id=13640783http://abcnews.go.com/Blotter/obama-administration-solyndra/story?id=13640783http://www.opensecrets.org/indivs/search.php?name=&state=&zip=&employ=Solyndra&cand=&c2012=Y&all=Y&sort=N&capcode=cw37k&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=&state=&zip=&employ=Solyndra&cand=&c2012=Y&all=Y&sort=N&capcode=cw37k&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=&state=&zip=&employ=Solyndra&cand=&c2012=Y&all=Y&sort=N&capcode=cw37k&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Bierman%2C+Ben&state=CA&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=msspj&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Bierman%2C+Ben&state=CA&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=msspj&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Bierman%2C+Ben&state=CA&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=msspj&submit=Submithttp://thehill.com/blogs/blog-briefing-room/news/158291-obama-alumni-launch-new-outside-group-to-boost-reelectionhttp://thehill.com/blogs/blog-briefing-room/news/158291-obama-alumni-launch-new-outside-group-to-boost-reelectionhttp://thehill.com/blogs/blog-briefing-room/news/158291-obama-alumni-launch-new-outside-group-to-boost-reelectionhttp://www.opensecrets.org/indivs/search.php?name=Alter%2C+Karen&state=CA&zip=&employ=&cand=&all=Y&sort=N&capcode=6f9h6&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Alter%2C+Karen&state=CA&zip=&employ=&cand=&all=Y&sort=N&capcode=6f9h6&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Alter%2C+Karen&state=CA&zip=&employ=&cand=&all=Y&sort=N&capcode=6f9h6&submit=Submithttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.opensecrets.org/indivs/search.php?name=Alter%2C+Karen&state=CA&zip=&employ=&cand=&all=Y&sort=N&capcode=6f9h6&submit=Submithttp://thehill.com/blogs/blog-briefing-room/news/158291-obama-alumni-launch-new-outside-group-to-boost-reelectionhttp://www.opensecrets.org/indivs/search.php?name=Bierman%2C+Ben&state=CA&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=msspj&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=&state=&zip=&employ=Solyndra&cand=&c2012=Y&all=Y&sort=N&capcode=cw37k&submit=Submithttp://abcnews.go.com/Blotter/obama-administration-solyndra/story?id=13640783http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://dailycaller.com/2011/09/08/solyndra-officials-made-numerous-trips-to-the-white-house-logs-show/http://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.bloomberg.com/news/2011-09-08/solyndra-s-california-headquarters-raided-by-fbi-agency-spokeswoman-says.htmlhttp://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.washingtonpost.com/politics/obamas-focus-on-visiting-clean-tech-companies-raises-questions/2011/06/24/AGSFu9kH_story.html


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Since 1998, James F. Gibbons, A Member Of Solyndras Board Of Directors, Has Contributed $13,500To Democrat Campaigns And Affiliates. (Center For Responsive Politics,opensecrets.org, Accessed 8/31/11; Solyndra, BloombergGovernment, Accessed 8/31/11)

Since 2008, Winston Fu, A Member Of Solyndras Board Of Directors, Has Contributed $4,550 ToDemocrat Campaigns And Affiliates , Including $3,050 To Obama. (Center For Responsive Politics, opensecrets.org,Accessed 8/31/11; Solyndra,Bloomberg Government, Accessed 8/31/11)

Since 1991, Thomas Baruch, A Member Of Solyndras Board Of Directors, Has Contributed $7,150 ToDemocrat Campaigns And Affiliates. (Center For Responsive Politics, opensecrets.org , Accessed 8/31/11; Solyndra, Bloomberg GovernmeAccessed 8/31/11)

Steven R. Mitchell, A Member Of Solyndras Board Of Directors, Donated $2,300 To Obama In 2007.(Center For Responsive Politics,opensecrets.org, Accessed 8/31/11; Solyndra, Bloomberg Government, Accessed 8/31/11)

More On Obamas Failed Green Energy Agenda

Solyndra Is Not The Only Investment In A Green Company With Close Political Ties To Obam

Obamas Department Of Energy Has Been Undeterred By The Failure Of Solyndra. Undeterred by thebankruptcy filing of a California solar company that got $535 million in federal loan guarantees, the EnergyDepartment is issuing two more large loan guarantees, albeit to companies that look like safer bets. (MatthewL. Wald, 2 More Solar Companies Get U.S. Loan Backing,The New York Times, 9/7/11)

SolarCity Will Place Solar Systems On Military Buildings. SolarCity will place solar systems on as manyas 160,000 military housing buildings, base warehouses and administrative buildings. The first installationat Hickam Air Force Base in Hawaii, are already under way. (David R. Baker, SolarCity Gets $1 Billion Federal Housing Contract,The San Francisco Chronicle, 9/8/11)

SolarCity Will Own The Systems, Leasing Them To Private Companies. SolarStrong will focus omilitary residences that are owned and maintained by private companies, such as Lend Lease atHawaii's Hickam base. SolarCity will install, own and operate the solar systems, either leasing thosesystems to the private housing companies or selling them the electricity through long-term powerpurchase contracts. (David R. Baker, SolarCity Gets $1 Billion Federal Housing Contract,The San Francisco Chronicle, 9/8/11)

The Department Of Energy Will Guarantee $275 Million Of SolarCitys $344 Million Loan. If all goesas planned, the SolarStrong Project will be funded entirely by private-sector financing. USRG RenewableFinance, working with Bank of America Merrill Lynch, will provide the project's first $344 million loan.However, the U.S. Department of Energy will guarantee $275 million of that loan. (David R. Baker, SolarCity Gets $1Billion Federal Housing Contract,The San Francisco Chronicle, 9/8/11)

Taxpayers Will Be Left On The Hook Should SolarCity Fail To Pay The $344 Loan From USRGRenewable Finance. Rive emphasized thatthe Energy Department is not directly funding theSolarStrong Project. Rather, it is acting as an insurer for USRG's loan. Taxpayers would be on thehook if SolarCity were unable to repay USRG. (David R. Baker, SolarCity Gets $1 Billion Federal Housing Contract,The SanFrancisco Chronicle, 9/8/11)

Elon Musk Is The Chairman Of Solar City, As Well As The Chairman And CEO Of Tesla Motors.Elon isthe Chairman of SolarCity, the leading residential solar provider in the U.S. In addition to his role atSolarCity, Elon is also the co-founder, chairman and CEO of Tesla Motors, an all-electric American carcompany. (About Elon Musk, SolarCity.com, Accessed 9/8/11)

Elon Is Also The Founder And CEO Of Spacex-A Space Launch Vehicle Company. (About Elon MuskSolarCity.com, Accessed 9/8/11)

Musk Has Visited The White House At Least Four Times Since October 2009. (Visitor Access Records, The WhiteHouse,Accessed 9/8/11)
http://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.opensecrets.org/indivs/search.php?name=Gibbons%2C+James+F&state=&zip=&employ=&cand=&c2012=Y&all=Y&sort=N&capcode=j2bvw&submit=Submithttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.bgov.com/companies/15802200/peoplehttp://www.nytimes.com/2011/09/08/business/energy-environment/2-more-solar-companies-get-us-loan-backing.html?partner=rss&emc=rsshttp://www.nytimes.com/2011/09/08/business/energy-environment/2-more-solar-companies-get-us-loan-backing.html?partner=rss&emc=rsshttp://www.nytimes.com/2011/09/08/business/energy-environment/2-more-solar-companies-get-us-loan-backing.html?partner=rss&emc=rsshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.solarcity.com/media-center/elon-musk.aspxhttp://www.solarcity.com/media-center/elon-musk.aspxhttp://www.solarcity.com/media-center/elon-musk.aspxhttp://www.solarcity.com/media-center/elon-musk.aspxhttp://www.solarcity.com/media-center/elon-musk.aspxhttp://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://www.whitehouse.gov/briefing-room/disclosures/visitor-recordshttp://www.solarcity.com/media-center/elon-musk.aspxhttp://www.solarcity.com/media-center/elon-musk.aspxhttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/08/BUF31L1DTQ.DTL&type=businesshttp://www.nytimes.com/2011/09/08/business/energy-environment/2-more-solar-companies-get-us-loa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Musk Contributed The Maximum $35,800 To The Obama Victory Fund On April 15th. (Federal ElectionCommission,fec.gov, Accessed 9/8/11)

Musk Contributed $2,300 To Obamas 2008 Campaign. (CQ Moneyline,Accessed 9/8/11) Musk Contributed $1,000 To Rep. Debbie Wasserman Shultzs 2010 Campaign. (CQ Moneyline,Access

9/8/11)

Obamas Department Of Energy Loaned Tesla Motors $465 Million In June 2009. The ObamaAdministration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed

to propel it. It's one of three loans totaling almost $8 billion that the Department of Energy awardedTuesday to spur the development of fuel-efficient vehicles. (Chuck Squatriglia, Feds Lend Tesla $465 Million To Build Electric CarCNN, 6/23/09)

Tesla Motors Was A Steve Westly Investment. (The Westly Group Website, Accessed 9/8/11)Another Of Westlys Investments, Solexel, Just Announced A $13 Million Award From ObamasDepartment Of Energy. Owens Corning and Solexel have been awarded $13 million in funding from theUnited States Department of Energy (DOE) for projects that will help shape the next generation of solarenergy technologies. The funding is part of the DOE's SunShot Initiative which seeks to make solar energysystems more affordable and sustainable for homeowners. (Owens Corning, Owens Corning and Solexel Awarded $13MM forAdvanced Building-Integrated Solar Technology by Department of Energy,Press Release9/2/11)

Green Venture Capitalist Steve Westly Has A Lucrative Relationship With The President And

His Stimulus

Steven Westly Bundled For Obama In 2008, Bringing The Obama Campaign Over $500,000. (Center ForResponsive Politics, Opensecrets.org , Accessed 9/8/11)

Westly Is Again Bundling For The Obama Campaign In 2012, Already Bringing In Between$100,000 And $200,000. Center For Responsive Politics, Opensecrets.org, Accessed 9/8/11)

Steve Westly Served As The California Co-Chair Of Obama For President In 2008. In the 2008 electioncycle Mr. Westly served as a California co-chair and a National Finance Committee member of the Obama fo

America campaign. (The Westly Group Website, Accessed 9/8/11)

He Currently Serves On The Secretary Of Energys Advisory Board As A Representative ForThe Venture Capital Industry.(The Westly Group Website, Accessed 9/8/11)

Westly Worked In Jimmy Carters Department Of Energy And Was Considered For Secretary OfEnergy In The Obama Administration. Steve Westly, California State Controller and Obama supporter, isrumored to be on the short list to be Obama's Secretary of Energy. An early proponent of alternative energywho worked Department of Energy's Office of Solar and Conservation under Carter, Westly would be a gooface for Obama's alternative energy programs. (Obama's Secretary Of Energy: Steve Westly?,The Huffington Post, 11/30/08)

Companies That Steve Westlys Firm Invests In Received Over A Half Billion Dollars In Stimulus

Funds And Government Loans From Obama

The Westley Groups Portfolio Includes Exited Investments: Amyris Biotechnologies, China RecyclinEnergy Corp., Eka Systems, And Tesla Motors.(The Westly Group Website, Accessed 9/8/11)

Current Investments Include: Amonix, CalStar, CleanWell, Cooliris, EdenIQ, Enerkem, GlacierBay, Greengate Power, Lunera Lighting, RecycleBank, Revolution Foods, ScientificConservation, ShotSpotter, Solexel And Soladigm. (The Westly Group Website, Accessed 9/8/11)
http://query.nictusa.com/cgi-bin/dcdev/forms/C00494740/http://query.nictusa.com/cgi-bin/dcdev/forms/C00494740/http://query.nictusa.com/cgi-bin/dcdev/forms/C00494740/http://cqmoneyline.com/pml/search.do?indivLast_0=Musk&matchType_0_indivLast=s&indivName_1=Elon&matchType_1_indivName=c&logic_1_indivName=and&electionCycleId=17&electionCycleId=16&electionCycleId=15&electionCycleId=14&electionCycleId=13&electionCycleId=12&ehttp://cqmoneyline.com/pml/search.do?indivLast_0=Musk&matchType_0_indivLast=s&indivName_1=Elon&matchType_1_indivName=c&logic_1_indivName=and&electionCycleId=17&electionCycleId=16&electionCycleId=15&electionCycleId=14&electionCycleId=13&electionCycleId=12&ehttp://cqmoneyline.com/pml/search.do?indivLast_0=Musk&matchType_0_indivLast=s&indivName_1=Elon&matchType_1_indivName=c&logic_1_indivName=and&electionCycleId=17&electionCycleId=16&electionCycleId=15&electionCycleId=14&electionCycleId=13&electionCycleId=12&ehttp://cqmoneyline.com/pml/search.do?indivLast_0=Musk&matchType_0_indivLast=s&indivName_1=Elon&matchType_1_indivName=c&logic_1_indivName=and&electionCycleId=17&electionCycleId=16&electionCycleId=15&electionCycleId=14&electionCycleId=13&electionCycleId=12&ehttp://cqmoneyline.com/pml/search.do?indivLast_0=Musk&matchType_0_indivLast=s&indivName_1=Elon&matchType_1_indivName=c&logic_1_indivName=and&electionCycleId=17&electionCycleId=16&electionCycleId=15&electionCycleId=14&electionCycleId=13&electionCycleId=12&ehttp://cqmoneyline.com/pml/search.do?indivLast_0=Musk&matchType_0_indivLast=s&indivName_1=Elon&matchType_1_indivName=c&logic_1_indivName=and&electionCycleId=17&electionCycleId=16&electionCycleId=15&electionCycleId=14&electionCycleId=13&electionCycleId=12&ehttp://articles.cnn.com/2009-06-23/tech/tesla.electric.cars_1_fuel-efficient-tesla-model-s-sedan?_s=PM:TECHhttp://articles.cnn.com/2009-06-23/tech/tesla.electric.cars_1_fuel-efficient-tesla-model-s-sedan?_s=PM:TECHhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.prnewswire.com/news-releases/owens-corning-and-solexel-awarded-13mm-for-advanced-building-integrated-solar-technology-by-department-of-energy-129159473.htmlhttp://www.prnewswire.com/news-releases/owens-corning-and-solexel-awarded-13mm-for-advanced-building-integrated-solar-technology-by-department-of-energy-129159473.htmlhttp://www.prnewswire.com/news-releases/owens-corning-and-solexel-awarded-13mm-for-advanced-building-integrated-solar-technology-by-department-of-energy-129159473.htmlhttp://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://westlygroup.com/team/http://westlygroup.com/team/http://westlygroup.com/team/http://westlygroup.com/team/http://westlygroup.com/team/http://westlygroup.com/team/http://www.huffingtonpost.com/2008/10/30/obamas-secretary-of-energ_n_139394.htmlhttp://www.huffingtonpost.com/2008/10/30/obamas-secretary-of-energ_n_139394.htmlhttp://www.huffingtonpost.com/2008/10/30/obamas-secretary-of-energ_n_139394.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://www.huffingtonpost.com/2008/10/30/obamas-secretary-of-energ_n_139394.htmlhttp://westlygroup.com/team/http://westlygroup.com/team/http://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.opensecrets.org/pres08/bundlers.php?id=N00009638http://www.prnewswire.com/news-releases/owens-corning-and-solexel-awarded-13mm-for-advanced-building-integrated-solar-technology-by-department-of-energy-129159473.htmlhttp://www.westlygroup.com/pages/portfolio.htmlhttp://articles.cnn.com/2009-06-23/tech/tesla.electric.cars_1_fuel-efficient-tesla-model-s-sedan?_s=PM:TECHhttp://cqmoneyline.com/pml/search.do?indivLast_0=Musk&matchType_0_indivLast=s&indivName_1=Elon&matchType_1_indivName=c&logic_1_indivName=and&electionCycleId=17&electionCycleId=16&electionCycleId=15&electionCycleId=14&electionCycleId=13&electionCycleId=12&ehttp://cqmoneyline.com/pml/search.do?indivLast_0=Musk&matchType_0_indivLast=s&indivName_1=Elon&matchType_1_indivName=c&logic_1_indivName=and&electionCycleId=17&electionCycleId=16&electionCycleId=15&electionCycleId=14&electionCycleId=13&electionCycleId=12&ehttp://query.nictusa.com/cgi-bin/dcdev/forms/C00494740/


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$465 Million: Tesla Motors Received A $465 Million Loan From The Obama Department Of Energy TProduce A $50,000 Luxury Electric Sedan.Tesla Motors has received approval for about $465 million inlow-interest loans from the US Department of Energy to accelerate the production of affordable, fuel-efficient electric vehicles. Tesla will use $365 million for production engineering and assembly of the ModeS, an all-electric family sedan that carries seven people and travels up to 300 miles per charge. The Model Shas an anticipated base price of $49,900 after a $7,500 US federal tax credit. It has lifetime ownership costsequivalent to a conventional car with a sticker price of $35,000, thanks to the lower cost of electricity vs.gasoline and a relative lack of service and maintenance. Tesla expects to start Model S production in late

2011 in a state-of-the-art assembly plant employing about 1,000 workers. (Tesla Motors, Tesla Gets Loan Approval From Department Of Energy,Press Release, 6/23/09)

$25.1 Million: Amonix Has Received $25.1 Million In Government Funding Since Obama Took OfficeIncluding $9.5 Million From The Stimulus.Amonix previously raised $25 million in Series A fundingfrom Goldman Sachs Group and MissionPoint Capital, and also received $15.6 million in grant fundingthrough the Department of Energy Solar America Initiative (SAI). In 2010, Amonix received $9.5 million instimulus funding . . .(Amonix, Solar Industry Leader Amonix Secures $129.4 MillionIn Private Equity Financing,Press Release, 4/20/10)$24 Million: Amyris Biotechnologies Received Over $24 Million From The Stimulus To DevelopIndustrial Biomass And Biofuels.(Grants Awards Summary; AMYRIS BIOTECHNOLOGIES, INC., Award# EE0002869, Recovery.Gov,Accessed 9/9/11)

$20 Million: Logos Technologies Received A $20 Million Stimulus Grant To Work With EdenIQDeveloping Feedstock Based Ethanol Fuel. Logos Technologies, Inc. and EdeniQ, Inc. announced todaythat they have been awarded a $20.4 million grant to modify and operate a pilot-scale bio-refinery plant toproduce low-cost ethanol bio-fuel from cellulosic feedstock, such as corn stover and switch grass. Logos wimanage the project, and EdeniQ will be responsible for the modification and operation of their existingrefinery site in Visalia, CA. (Logos Technologies, Logos Technologies And Edeniq Awarded Cellulosic Bio-Ethanol Grant From U.S. Department OfEnergy,Press Release, 12/4/09)

$2.44 Million: CalStar Products Inc. Received $2.44 Million In Tax Credits To Open A Green BrickPlant In Wisconsin.CalStar Products, Inc. opened its first green brick and paver plant on Monday in theVillage of Caledonia, in southeastern Wisconsin, less than 80 miles north of Chicago. . . . On Friday, CalStar

was awarded a $2.44M tax credit under the Recovery Act Advanced Energy program for clean energymanufacturing projects.(CalStar Products Inc., CalStar Products Opens Green Brick Plant,Press Release, 1/12/10)

$700,000: RecycleBank Was Paid Over $700,000 Through The Stimulus Program As Part Of AContract With The City Of Philadelphia To Put Radio Receivers On Recycling Bins.(Grants Awards SummaryPhiladelphia, City Of, Award# DE-EE0000927,Recovery.gov, Accessed 10/20/10)

A Similar Program In Cleveland Fines Tracks Your Recycling Habits And Fines Non-RecyclersUp To A $100. It would be a stretch to say that Big Brother will hang out in Clevelanders' trash canbut the city plans to sort through curbside trash to make sure residents are recycling -- and fine them$100 if they don't. The move is part of a high-tech collection system the city will roll out next yearwith new trash and recycling carts embedded with radio frequency identification chips and bar

codes.(Mark Gillespie, High-Tech Carts Will Tell On Cleveland Residents Who Don't Recycle ... And They Face $100 Fine,The Cleveland PlainDealer, 8/20/10)

Revolution Foods Won A Contract To Institute A Pilot School Lunch Program In DC Public Schools.On Monday, D.C. Public Schools took its own step in improving school food when it announced the newvendors it has selected to provide more healthful meals for two pilot programs scheduled to begin this fall 14 D.C. elementary schools. Revolution Foods, a California-based company that serves 25 D.C. schools fromkitchen in Glen Burnie, will provide prepackaged meals at seven schools that are undergoing renovationsand have no student lunchroom. DC Central Kitchen will provide made-from-scratch meals such asvegetable stir fries and homemade quiches at seven schools in Northeast Washington. (Jane Black, D.C. SchoolsNames Two Vendors To Provide Healthful Meals In Pilot Program,The Washington Post, 8/3/10)
http://www.teslamotors.com/about/press/releases/tesla-gets-loan-approval-us-department-energyhttp://www.teslamotors.com/about/press/releases

the solyndra file

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