White House was warned about fresh infusions of cash for Solyndra -- EDITORIAL - NYPOST.com: "Incredibly, OMB staffers had estimated that keeping Solyndra alive but struggling -- as the administration did -- instead of allowing it to liquidate last January would cost taxpayers an extra $168 million.Welcome to Chicago on the pOtOmac.
“If Solyndra defaults down the road,” read one e-mail, “the optics will arguably be worse than they would be today,” because “additional funds [will] have been put at risk, recovery may be lower and questions will be asked as to why the administration made a bad investment, not just once ... but twice.” ...
One of the California firm’s chief investors, after all, was billionaire George Kaiser, one of Obama’s top 2008 campaign fund-raising bundlers, who’s visited the White House 16 times.
In the months before Solyndra’s approval, ABC News reports, he had meetings with key adviser Valerie Jarrett, then-chief White House economist Austan Goolsbee and former chief of staff Pete Rouse. ...
The steady drip of new disclosures suggests pretty strongly that what we’ve heard so far about Solyndra -- outrageous as it is -- is only the tip of the iceberg."
It's interesting that according to Murphy, Mises drew the dividing line between capitalism and socialism as capitalist systems have a stock market. But he didn't perhaps fully consider the possibility of a computer manipulated, pOtemkin village of a stock market...
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