A congressional report concluded Friday that “political pressure” by a White House eager to tout stimulus spending was largely to blame for fast-tracking the ill-fated $535 million Solyndra loan guarantee — findings compounded by the release of an email that showed the former CEO once referred to the aid as “The Bank of Washington.”
The email and the report were released by Republicans, who continue to use the scandal to portray the Obama administration as careless with taxpayer money in pursuit of its alternative-energy agenda.
The email, posted online by the Republican National Committee
, was a late 2009 message from ex-CEO Chris Gronet. “The Bank of Washington continues to help us!” he exclaimed, pointing to the recently approved loan guarantee and other tax incentives the company might use.
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