Friday, September 9, 2011


What do you know about George Kaiser and the George Kaiser Family Foundation (GKFF).  The investment arm of GKFF is Argonaut Ventures (AV).  Argonaut Ventures owns a huge piece (39%) of Solyndra's parent company, 360 Solar Degree Holdings, Inc.
Now, follow this:  Solyndra was praised by the White House as being a "green" success story.  There is a video on W.H.GOV from 2008, showing how great this company is. Solyndra received direct political support from the White House and money from the federal government to the tune of $500,000 in a federally guaranteed loan from the "green energy initiative" (DOE).  Here's one connection:  George Kaiser is an Oklahoma oil billionaire and a major Obama fundraiser, according to The Blaze.
Here's another connection:  Steve Mitchell heads Argonaut Ventures.  Argonaut Ventures is the investment arm of George Kaiser Family Foundation.  Steve Mitchell is also on the board of directors of Solyndra. 
A statement released by George Kaiser Family Foundation reads, "George Kaiser is not an investor in Solyndra and did not participate in any discussions with the US Government regarding the loan.  George Kaiser Family Fondation invests in a global diversified portfolio across many different asset classes."  What that sounds like to me is that Mr Kaiser refuses to accept responsibility for his actions and/or the actions of one of his employees (Steve Mitchell).
In the past two years, Solyndra officials and investors made no fewer than 20 trips to "the West Wing"...including four trips just the week before the $500,000 loan was announced.  So, after they received part of the stimulus money, there was communication between this company and SOMEONE in the "West Wing".  The last time I looked, the Oval Office is located in the West Wing.
Federal agents and Department of Energy (DOE) agents executed a search warrent this morning at Solyndra's headquarters in Fremont, California, according to the Los Angeles Times, two days after the bankruptcy announcement by the company.  According to The, "some analysts claim a combination of shady ties to the Obama administration and crony capitalism are reasons behind the raid."  Since we remember another US President and Watergate, maybe we should keep an eye on what happens about this situation.

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