Emails Reveal: Obama Bundler Was Involved in Solyndra Loan Process

by Stephan Tawney on November 9, 2011

It’s George Kaiser, billionaire investor in Solyndra and top fundraiser for the Obama campaign. To date we’ve been told Kaiser wasn’t involved in the process and that he certainly didn’t lobby the White House. Not so, according to emails released by congressional investigators.

A series of e-mails released by House Republicans on Wednesday show that Kaiser and top executives at his venture capital firm Argonaut that invested in Solyndra and Kaiser’s foundation, had been in seemingly regular talks with the White House and Energy Department officials throughout 2010.

The e-mails show Kaiser and Steve Mitchell, who works at Argonaut, and Ken Levit, who works at the George Kaiser Family Foundation, in correspondence about meetings with White House and Energy Department officials about getting another loan guarantee for Solyndra in 2010—after the company already was awarded a $535 million loan guarantee in September 2009. Solyndra filed for Chapter 11 bankruptcy in September of this year.

“A couple of weeks ago when Ken and I were visiting with a group of administration folks in D.C. who are in charge of the Stimulus process (White House, not DOE) and Solyndra came up, every one of them responded simultaneously about their thorough knowledge of the Solyndra story, suggesting it was one of their prime poster children,” one e-mail said.

People working for both Kaiser and Obama have so far insisted the former was never involved in the loan process. Internal emails show that to be false. Kaiser was directly talking with White House officials about his investment and was lobbying for tax dollars to support the same. Obama’s folks were clearly excited about it, too.



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