Solyndra: Bill Daley Knew The Risks Of Restructuring Solyndra’s Loan
According To Kelly Colyar Of The OMB, Then White House Chief Of Staff Bill Daley Had Been Briefed About OMB’s “Reservations About The Prospects Of The Company And DOE’s Proposal” To Restructure The Solyndra Loan. “You may recall that DOE announced in March that they had restructured the Solyndra loan. Prior to this restructuring, OMB staff expressed reservations about the prospects of the company and DOE’s proposal. The issue was discussed with the NEC and the Chief of Staff.” (Kelly T. Colyar, E-mail To Richard A. Mertens Et. Al, f. 732, 8/11/11)
- Colyar Had Warned Taxpayers Would Lose $385 Million If Solyndra Went Defaulted On The Restructured Loan Versus $141 Million If They Were Allowed To Liquidate. (Kelly T. Colyar, Email To Fouad Saad et. al., f. 631, 1/4/11)
