Obama’s Solargate: Solyndra applied for a second loan valued at $469 million – no word if they got the money

barack-obama-arroganceHmm. Obama’s solargate Solyndra scandal maybe actually be worth a full billion, rather than half a billion!f  According to the Daily Caller, the failed solar panel maker Solyndra’s filings show that seven months after the Obama regime approved a $535 million federal loan guarantee, Solyndra applied for a second one valued at $469 million. It’s unclear if they ever received the money as the, as the Department of Energy refused to respond for Daily Caller’s request for comments.

Solyndra told the federal government it needed a total of $642 million to complete Phase II, most of which would have been covered by the $469 million Solyndra sought to borrow with taxpayer-funded guarantees.

It’s unclear if the now-bankrupt and scandal-embroiled green energy company actually received a second loan. Department of Energy officials did not immediately respond to The Daily Caller’s request for comment, and the company’s SEC filing left the question open.

“Although the DOE determined on November 4, 2009 that our initial application was complete, and we submitted the second part of the application on November 17, 2009, there is no guarantee that the DOE will approve our application in the full amount requested or at all,” the company wrote in its December 18, 2009 SEC filing.

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September 16, 2011 · Filed Under Barack HUSSEIN Obama, Corruption, Democrats


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