Showing posts with label solar energy company. Show all posts
Showing posts with label solar energy company. Show all posts

White House worried about Solyndra default

Solyndra

White House officials discussed the political ramifications of a likely default by a troubled solar energy company that received more than $500 million in federal loans, recently released emails show.

Emails released Thursday night show that Obama administration confidentially worried about the effect of a default by Solyndra Inc on the president's re-election campaign.

"The optics of a Solyndra default will be bad," an representative from the Office of Management and Budget wrote in a Jan 31 email to a senior OMB official, "The timing will possible coincide with the 2012 campaign season heating up."