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Report: Energy loan watchdog now an Obama donor

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    Molly Henneberg reports from Washington, D.C.

  • Duration 2:27
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So there's a new report that finds a Wall Street executive who exonerated the White House -- energy loan program then became.

Up pretty sizable donor to the campaign.

Herbert Allison juniors started giving money to the Obama campaign two weeks after telling congress.

That the government was not at a high risk in -- more than 23 billion dollar loans to green energy firms.

I had -- looking into the story forces watches.

So how much money are we talking about in campaign contributions from mr.

house.

-- Martha more than 52000.

Dollars herb Allison junior a former Treasury Department official and a former Wall Street executive.

Finished his review of the green energy loans in February testified before congress in March suggesting -- -- loans were not as risky as they could have been.

And then again donating to the Obama reelection campaign two weeks later.

Three more donations would follow over successive months adding up to 52500.

Dollars to the Obama campaign and the Democratic National Committee.

Again this was after the review of the lungs was complete.

But the top Republican on the house energy committee congressman cliff Stearns says allison's financial support for the president's reelection effort quote.

Undermines his credibility and shows once again that the president did not want a careful independent review of his risky green jobs skeen.

The loans were reviewed you may remember in the wake of Solyndra the California solar energy firm going bankrupt and costing taxpayers at least.

528.

Million dollars.

-- -- her -- given money to Republicans in the past she was Merrill Lynch executive of course as you point out on Wall Street so what is he saying in his own defense their response on this.

He insists that his review of the energy loans -- independent and not politically driven.

And about giving money to the president's campaign Allison said that he saw the president's quote.

Administration in action and decided that I believe broadly in the things he's trying to accomplish.

Alison as you're saying -- also is given to Republican candidates including Senator John McCain although and smaller amounts according to federal financial records.

In fact when McCain ran for president in the year 2000.

Allison was his national finance chairman.

Andy was tapped by president George W.

Bush to try to shore up Fannie Mae after the Wall Street collapse in 2008.

But also 2008 Allison gave 2300 dollars to the Obama campaign so as you're saying -- that he's given to both Democrats and Republicans.

Very interesting -- thanks so much -- had ever in DC.

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