Contradicting denials by the Obama Administration, internal emails reveal that the administration monitored the $535 million taxpayer loan to politically-connected solar company Solyndra, which has now gone bankrupt and is under federal investigation.

Furthermore, according to Brian Ross of ABC News, the administration was warned by budget analysts that the deal wasn’t a good idea days before the administration approved the massive, low-interest loan to the company. One of those alerted to the problem? The chief of staff to the vice president.

“This deal is NOT ready for prime time,” one White House budget analyst wrote in a March 10, 2009 email, nine days before the administration formally announced the loan.

“If you guys think this is a bad idea, I need to unwind the W[est] W[ing] QUICKLY,” wrote Ronald A. Klain, who was chief of staff to Vice President Joe Biden, in another email sent March 7, 2009. The “West Wing” is the portion of the White House complex that holds the offices of the president and his top staffers. Klain declined comment to ABC News…

There was also concern about the high-risk nature of the project. Internally, the Office of Management and Budget wrote that “the risk rating for the project sponsor [Solyndra] … seems high.” Outside analysts had warned for months that the company might not be a sound investment.

Indeed, solar energy analyst Peter Lynch tells ABC News that a basic review of Solyndra’s prospectus should have raised red flags.

“It’s very difficult to perceive a company with a model that says, well, I can build something for six dollars and sell it for three dollars,” Lynch said. “Those numbers don’t generally work. You don’t want to lose three dollars for every unit you make.”

And yet the company was granted a $535 million, low interest loan courtesy of the federal government. And not only that, but the government agreed to allow major private investors to recoup their own losses should the company fail (which it did) before the taxpayers could do the same.

The company’s most significant private investor is a billionaire named George Kaiser. Kaiser is a Democratic donor who helped bundle more than $50,000 for Barack Obama’s presidential campaign in 2008. He’ll be among those who can recoup losses before American taxpayers.

Industry analysts knew and warned that Solyndra wasn’t viable. Officials from the Department of Energy sat-in on board meetings, so they had to know about the company’s bad finances. And now we learn that high-ranking administration officials were warned by their own budget analysts that the loan was a bad decision.

And yet — and yet — the Obama Administration still granted a low-interest, $535 million, taxpayer-backed loan to the company. Gee, that decision couldn’t have had anything to do with the company’s political connections, could it? Nah. Probably pure coincidence.

More: It should also be noted that finances may not have been the only political factor involved. Obama personally toured Solyndra’s facility and bragged about its success. He used it to push his “green sector” agenda. If the company were to fail, why, he’d look like a moron. What’s a $535 million loan to prop-up a company and keep The One from looking foolish? Chump change.