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Were Warnings About Solyndra Ignored by the White House?

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  • Description

    FBN’s Rich Edson on a report on the government-backed loans to Solyndra.

  • Duration 1:49
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-- was story we think covering since the very beginning the bankrupt taxpayer backed solar company cylinder -- And the gross mismanagement by the White House fresh documents out today suggesting high ranking members of the Obama administration's.

Were warned against savings -- -- joining me now Fox Business is rich -- from.

Well -- this report cites emails from an analyst at the Office of Management and Budget.

Warning colleagues about -- is major outstanding issue of working capital back in 2009.

The committee says its investigation establishes the -- cash needs in late 092010.

Were huge and immediate.

And yet the administration invested and reinvested the report says when the administration restructured the loan guarantee.

And move the government behind private investors that OMB analyst figured the government would lose out on more than 200 million dollars.

She wrote she was vastly confused by the administration's move.

Committee Democrats claim Republicans selectively chose these emails excluding those who thought so -- -- was a wise investment.

Republicans simply called this bad government.

Third report shows -- -- was a poster child White House from the White House was intimately involved with our procurement in the administration on this.

-- and got in trouble they tried to intervene and bring in two supporters.

22 hedge funds and subordinate.

Taxpayers that I don't think it's accurate that that there was -- anything to hide this was unfortunately a loan that went bad.

Democrats say the -- -- -- evidence in total shows disagreement and deliberation but ultimately.

A merit based process that works unfortunately for taxpayers.

The investment did not back to you.

While rich thank you for that that is bad government my free.

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