US Action News

In the new blockbuster tell-all Throw Them All Out, investigative reporter and Breitbart editor Peter Schweizer reveals that on November 18, 2009, Sen. Feinstein and her husband invested $1 million into Amyris Biotechnologies, a “green” company focused on plant-based renewable fuels and chemicals. The Feinsteins’ million-dollar investment was their only stock transaction for the entire year.

“The documents we have obtained thus far demonstrate that such high-level White House advisers as Valerie Jarrett?, Ron Klain?, Rahm Emanuel? and Larry Summers? were involved in discussions and decisions related to Solyndra,”

Senators are questioning why a steel company owned by a Russian billionaire was given a $730 million loan. Will this turn out to be another favor for a big Obama supporter? There is an excess supply of the steel produce by the company.

The bankruptcy of the second DOE-backed company in the renewable energy sector is yet another red flag that the government has no business running a bank (or hedge fund) with tax dollars. The reason the private sector won’t fund these projects is that they are unprofitable, and that’s exactly why the government shouldn’t be backstopping them either.

The Obama White House is refusing to comply with a congressional subpoena for documents related to the Solyndra scandal. Previously revealed documents from other agencies have shown that the White House pressured DOE to approve the loan the the now bankrupt solar company over objections of staffers who said the company would run out of money.

New reports show that the White House was heavily involved in pressuring the DOE to approve the half billion dollar taxpayer guaranteed loan to Solyndra a solar company whose primary investor was a big Obama campaign contributor. -UPDATE: White House subpoena issued

Showing a pattern of millions of dollars in loan guarantees going to campaign supporters Beacon Power received $43 million in the same DOE loan for campaign cash program that backed Solyndra which also filed bankruptcy.

Steel company owned by Russian oligarch worth $18.5 billion, producing steel already in excess supply

Fearing more green scam fallout from the emerging corruption involving DOE loans to questionable projects connected to the Obama administration the DOE has changed old press releases to remove the name SUNPOWER.

With 28 years experience the Chief financial Officer at Treasury says he has never seen the taxpayers put in a subordinate position to investors in a guaranteed loan.