The Obama administration knew that its illegal loan restructuring for Solyndra was a bad bet, but went ahead with it anyway:
Internal e-mails show federal reviewers initially estimated they could save the taxpayers as much as $168 million by letting the company go under in December 2010, rather than resuscitating it and allowing it to draw down more federal money.
Energy Department spokesman Damien LaVera confirmed Wednesday that the agency knew Solyndra had violated the loan terms but agreed to change the requirement to help Solyndra.
What’s $168 million when a well-connected green boondoggle is at stake?
(Via Hot Air.) (Previous post.)
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