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E-mails Show White House Pressure on Solyndra?

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    Loan pushed despite red flags

  • Duration 2:52
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I -- the new hour with new details on the role of the White House pushing a bad -- which cost taxpayers more than half billion dollars that's what one site says hi everybody and generally and I'm John Scott.

Some internal emails suggest those White House applied pressure to rush through loan guarantees for a solar energy company that later went bankrupt.

Molly Henneberg live in Washington -- a flurry of emails Molly right before the loans were approved what do they say.

Hi John they suggest the White House was anxious to have the vice president announced the 535.

Million dollars.

In stimulus loan guarantees to so -- When mr.

Biden was out in California on September 4 2009.

The Office of Management and Budget oh and -- has not signed off on the deal yet which prompted a White House staffer to email the -- Asking you close this is on August 31 2009.

Asking quote there is anything we can help we can do to help speed along on the L and beside.

The department of energy and the Allenby were communicating about that and this is how the L and -- responded saying quote.

I would prefer that this announcement be postponed talking about Biden's announcement about the loan guarantees.

This is the first loan guarantee and we should have full review with all hands on deck to make sure we get it right.

The the well and He eventually did sign off on the deal -- -- -- got the stimulus money and two years later we saw they went bankrupt.

John I know this deal is under the microscope now hearing underway today -- -- Linda.

Republicans in the house say the whole.

Yes Clinton and Republicans contended the Obama White House wanted to promote cylinders Green energy business.

And pushed through a bad deal for taxpayers here's more.

The documents demonstrate that went DOE was reviewing the cylinder guarantee in 2009.

He was well aware of the financial problems a deal posed.

What the documents also show.

Is that the rush to push out stimulus dollars -- impacted the depth and quality of DOE and O and these review.

But the Obama administration officials pushed back -- it was the bush White House that was first to consider loaning money to slender -- And -- the review process was not rush they say take a listen.

I was not at the department at that time.

It is my understanding that the transaction went through nearly three years of rigorous internal and external due diligence.

Including reviews by a leading independent engineering firm.

The department's own solar experts.

And a blue chip law -- all before any taxpayer funds were put at risk.

So -- executives were supposed to be at the hearing today but they have asked for an extra week to prepare.

John Molly Henneberg in Washington -- thanks --

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