clean energy initiative. solyndra. a california-based solar energy company boasting revolutionary technology. it s here. the companies like solyndra are leading the way. judge jeanine: on august 31st, the flag ship sank. less than two years after getting an astounding a $35 million loan from the u.s. government: now investigators are saying that loan was a bad bet from the get-go. in 2009, a private credit ratings agency warned solyndra was headed for failure. but the obama white house forged ahead anyway. days before the ground breaking ceremony at solyndra s new plant, the loan still hadn t received approval from the office of management and budget. so administration officials pressed them. white house chief of staff rahm emanuel wrote to see if there was anything he could do to push things along. two days later, loan approved.
clean energy initiative. solyndra. a california-based solar energy company boasting revolutionary technology. it s here. the companies like solyndra are leading the way. judge jeanine: on august 31st, the flag ship sank. less than two years after getting an astounding a $35 million loan from the u.s. government: now investigators are saying that loan was a bad bet from the get-go. in 2009, a private credit ratings agency warned solyndra was headed for failure. but the obama white house forged ahead anyway. days before the ground breaking ceremony at solyndra s new plant, the loan still hadn t received approval from the office of management and budget. so administration officials pressed them. white house chief of staff rahm emanuel wrote to see if there was anything he could do to push things along. two days later, loan approved. vice president biden hails the
solyndra. a california-based solar energy company boasting revolutionary technology. it s here. the companies like solyndra are leading the way. judge jeanine: on august 31st, the flag ship sank. less than two years after getting an astounding a $35 million loan from the u.s. government: now investigators are saying that loan was a bad bet from the get-go. in 2009, a private credit ratings agency warned solyndra was headed for failure. but the obama white house forged ahead anyway. days before the ground breaking ceremony at solyndra s new plant, the loan still hadn t received approval from the office of management and budget. so administration officials pressed them. white house chief of staff rahm emanuel wrote to see if there was anything he could do to push things along. two days later, loan approved. vice president biden hails the
have to tell us if we re good to go and clearly the white house was tipped off there may be problems with the financials here? absolutely, and, the white house spin we are hearing today, oh, no, no, no, no, we weren t pressuring them, we were trying to acquire information about when they were going to approve. it doesn t pass the laugh test and it s not even spin, it is fantasy. it is absolutely it amounts to pressure and ron klain is one at the time one the of the highest members of the administration, and, this was intense pressure and, one of the most interesting things i think about, any of it is, it is not like. not like nobody was predicting that there were going to be problems, there was a. there was a prediction from a financial consulting firm who looked at the company, solyndra and predicted that the company would run out of money in september, 2011. they went bankrupt, on august 31st. martha: wow. so it is not like the
good to see you. in march of 2009, solyndra got $535 million, loan guarantee from the department of energy. it was dependent on that company, raising an additional $198 million in private investments, which they did. and there were plenty of private investors who also thought the company was a good thing and a year later, price waterhouse cooper had an audit that raised doubts and they agreed to restructure their debt but by the end of last month, they decided bankrupt was the route they would go and laid off 1,000 workers and thursday the fbi rushed in, and the department of raided their documents, at the company s headquarters in california, and, lots to be told in the tale, folks. bill: see how the hearing goes today, president obama taking the jobs plan on the road, second day in a row, hoping to sway folks in a machine company in north carolina. but, back in washington, senate majority leader, harry reid is warning about a tough road ahead. and, he s pointing his fingers