Just when you thought it couldn't get any worse for Odumba, someone turned over a couple more rocks and look what crawled out.

Wow this thing is bad.

CORRUPTION!

Remember Barry, the cover up is always worse than the crime itself.

What did Obama "cover up"? Isn't the most recent news that Solyndra lied when the Bush administration was giving them money?

I was going to post a "Bush reference in 3, 2, 1" :)

What did Obama "cover up"? Isn't the most recent news that Solyndra lied when the Bush administration was giving them money?

I thought this was an interesting line of argument. (http://www.ritholtz.com/blog/2011/09/the-solyndra-loans-as-liar’s-loans/)


This column comments on Joe Nocera’s September 23, 2011 column [in the New York Times] entitled: The Phony Solyndra Scandal (http://www.nytimes.com/2011/09/24/opinion/the-phony-solyndra-scandal.html?src=me&ref=general)


The real question is why a lender (the U.S. government in this case) would gratuitously fail to underwrite a loan properly. The fact that the type of loan was inherently extremely risky makes it imperative that the lender engage is superb underwriting. The Obama administration, and Nocera, have failed to learn the most obvious and costly lesson of the ongoing U.S. crisis – liar’s loans cause catastrophic losses and failures and are “an open invitation to fraudsters” (quoting MIRA’s 2006 report to the members of the Mortgage Bankers Association).


Nocera does not explain what is embarrassing about the Obama emails. The government’s professional loan underwriters were worried about lending to Solyndra. They were warning the administration that they had not been able to complete the professional underwriting essential to making loans prudently.


The administration exposed the government to a gratuitous risk of loss of hundreds of millions of dollars in order to achieve an overarching priority – they wanted a presidential photo op. If that isn’t a scandal, if Nocera thinks it is merely business as usual, then our failure to hold Dick Fuld, President Obama, and a host of other elites to a higher standard of accountability is the scandal that will generate repeated scandal.

I was going to post a "Bush reference in 3, 2, 1" :)

It's a serious question. If I believe news.google.com, the latest development on Solyndra didn't really involve Obama. I haven't been paying a lot of attention to this -- it had that "tempest in a teapot" vibe to it -- and was mildly surprised to see Bush's name crop up.

geerussell, thanks for the pointer to that article.

It's a serious question. If I believe news.google.com, the latest development on Solyndra didn't really involve Obama. I haven't been paying a lot of attention to this -- it had that "tempest in a teapot" vibe to it -- and was mildly surprised to see Bush's name crop up.

geerussell, thanks for the pointer to that article.

Mxy is normally the second most informed person on the board, but when it comes to scandals on his Prez, I guess he's drawing a blank. :)

Wow this is looking really bad you guys.

This could be the straw...if you know what I mean.

Obama heavily implicated in this scandal.

Why do I get the feeling that Glan is somehow involved??


#obsessed

Why do I get the feeling that Glan is somehow involved??


#obsessed
Yes indeed... this sounds very much like the Glan-andra scandal... simply glandalous .

He better get his ass back here to defend himself...

Seriously we all miss ya... (stfu for a minute Tahoe).

Obama heavily implicated in this scandal.

http://online.wsj.com/article/SB10001424052970203537304577028432440510796.html?m od=googlenews_wsj


The emails released by House lawmakers offered the first glimpse of Mr. Kaiser's actions that might have helped Solyndra. But they don't offer evidence that would support Republican allegations that politics influenced the Department of Energy's decision to give Solyndra a $535 million loan guarantee.

nytimes.com



Emails recently released have implicated President Obama in this scandal. His transparency pledge during his campaign is now nothing more than a distant memory. Look for President Obama to throw whomever he can under the bus, before he will take any blame or something.