Obama Fundraiser Pushed Solyndra Deal From Inside
By MATTHEW MOSK and RONNIE GREENE - ABC NEWS and iWATCH NEWS - Oct. 7, 2011
An elite Obama fundraiser hired to help oversee the administration's energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife's law firm was representing the California solar company, according to internal emails made public late Friday.
"How hard is this? What is he waiting for?" wrote Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate before being appointed to a key job helping oversee the energy loan guarantee program. "I have OVP [the Office of the Vice President] and WH [the White House] breathing down my neck on this."
Many of the emails were written just days after Spinner accepted a three-page ethics agreement in which he pledged he would "not participate in any discussion regarding any application involving [his wife's law firm] Wilson [Sonsini Goodrich & Rosati]."
The $535 million loan to Solyndra was ultimately approved in 2009 and for months was touted by President Obama as a model of his efforts to create new jobs in the emerging field of clean energy. But in late August, the company abruptly shut its doors and days later declared it was filing for bankruptcy. Now the loan is the subject of multiple investigations, by Congress and by the Department of Justice.
In one of the new emails shared with ABC News and other news outlets Friday, the White House appears to be bracing for the political fallout -- one high ranking energy official in the White House warns shortly before Solyndra's bankruptcy, on Aug. 26, that what's coming is a "*#~@ show" and "a mess."
In the lengthy email discussions that occurred in the days before the Solyndra loan closed in September 2009, Spinner emerges as a key figure in advocating for getting the deal done, apparently in an effort to score the loan as a political victory for President Obama. Many of the emails surround his efforts to coordinate plans for either President Obama or Vice President Biden to announce it as the administration's first loan approval -- one that he repeatedly notes will create clean energy jobs.
It is Spinner, for instance, who pushes for a "big event" with "golden shovels, bulldozers, hardhats, etc."
He also corresponds with career Department of Energy loan officials who are making the final decisions on the Solyndra loan. In one instance, he writes, "Hopefully, this might spur [the Office of Management and Budget] a little faster to help the closing."
Spinner also wrote an email two weeks before the Solyndra loan closed to an aide to Vice President Biden, identifying the private investors in the deal. He attached to the email a bio from Forbes Magazine of George Kaiser, an Oklahoma billionaire who raised up to $100,000 for Obama's 2008 campaign.
Recovery Act records show Allison Spinner's law firm, Wilson Sonsini, received $2.4 million in federal funds for legal fees related to the $535 million Energy Department loan guarantee to Solyndra. That ethics agreement said his wife would forgo pay "earned as a result of its representation of applicants in programs within your official duties."
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