White House Implicated in $500 Million Green Jobs Scam

Crony capitalism update: While Rick Perry may have a problem adequately explaining his executive order on the HPV vaccine, Congress, the FBI, and the Treasury Department have launched investigations into Obama administration role in fast-tracking about half a billion dollars in loan guarantees to now bankrupt energy company Solyndra.

As Michelle Malkin explains:

The latest developments breaking in the Solyndra scandal last night? Obama’s White House tried to rush the $535 million loan review, prompting complaints from financial officials. The White House, naturally, denies any improper intervention, politicization, and string-pulling....

The answer to the question “What did they know and when” is this: They KNEW Solyndra was a risky, lousy deal for taxpayers. They KNEW on Aug. 19, 2009 that the financial models their credit reviewers used predicted Solyndra would run out of cash in September 2011. They KNEW it would fail. But they forged ahead, took our money to prop it up, and pimped the company in front of the TV cameras, anyway.

ABC's Brian Ross has been investigating: