Cronyism: California Democrat Party Among Solyndra’s Creditors
The party is claiming that they don’t know why they would be listed as a creditor.
Out of the hundreds of out-of-work employees, vendors, investors and other creditors in the bankruptcy of government-backed solar-panel maker Solyndra LLC, one name stands out: the California Democratic Party.
Why California Democrats would be creditor to a company that received more than a half-billion dollars in federal loans to build a solar-panel plant isn’t clear. Even party officials say they’re not sure.
The California Democratic Party’s communications director, Tenoch Flores, said the organization was not owed “any funds in any form” by the California-based company. He said he was unclear why the party would be listed as a creditor in Solyndra’s bankruptcy filing.
It’s standard practice for companies to list creditors as a part of bankruptcy filings, and all filings made in bankruptcy court are done so under potential charges of perjury if the information is inaccurate. So it seems unlikely that this is some clerical error.
The question is, how much does Solyndra owe Democrats in California? And why, exactly, is a political party a creditor?
In the past critics of the stimulus have said that the money spent was being filtered to Obama/Democrats supporters. This would be more evidence for that, no?Tags: democrats, solyndra