White House on Solyndra layoffs: ‘No es bueno’

by
January 15, 2012

From FoxNews.com

Just a few days before the 2010 mid-term elections, the White House knew that things were going very badly for taxpayer-backed solar-panel firm Solyndra, newly released internal emails show.

The emails, part of a document dump late Friday, showed a White House aide wrote on Oct. 27, 2010, to the then-director of energy and climate change policy.

“Here’s the deal — Solyndra is going to announce they are laying off 200 of their 1200 workers. No es bueno,” aide Heather Zichal wrote.

Though the news was kept quiet, the emails do not show evidence that the White House tried to delay the announcement for political reasons.

The emails, which were handed over to Republican congressional investigators, continued to paint a picture of what was going on behind the scenes in the months leading to Solyndra’s collapse.

The company filed for bankruptcy in September 2011, triggering the congressional probes into why nearly $530 million was loaned to the company which exhibited problems early on.

To read more, visit:  http://www.foxnews.com/politics/2012/01/14/white-house-on-solyndra-layoffs-no-es-bueno/?test=latestnews

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