Ronnie Greene, senior reporter for iWatch News, was interviewed on Fox News about the demise of Solyndra, the solar-energy firm that went bust last week. The FBI is now investigating how the firm spent almost half a billion dollars in taxpayer-backed loans. iWatch News broke this story with ABC News in May.
The Obama administration’s heavy promotion — and special treatment — of the company raised flags from the very beginning. Also troubling, Solyndra was funded, in part, by venture capitalist George Kaiser who is also an Obama campaign bundler.
Some members of Congress assert that Solyndra’s top executive misled them less than two months ago when describing the company’s financial health. The House Energy and Commerce Committee’s investigative panel announced it will hold hearings this Wednesday on the government’s Solyndra loan.