Now, Democrats Want Solyndra Backers to Testify By MATTHEW L. WALD September 23, 2011, 1:46 pm ** SNIP ** Now the Democrats are asking for testimony from two private equity firms: Argonaut, which represents the interests of George Kaiser, a billionaire oilman who was a fund-raising "bundler" for the Obama presidential campaign, and Madrone, which invests money for the Walton family, heirs to the Wal-Mart fortune and prominent Republican donors. Those two firms, as investors in Solyndra, stepped forward in February with others to provide additional money to the company after the Energy Department loans. Under that deal, they get priority in repayment in the event that Solyndra is liquidated. The Energy Department acquiesced to that, but even some Democrats have expressed doubts about whether that was a good idea. The Republicans have not said publicly how they will respond to the Democrats' request for testimony from Argonaut or Madrone, but they have asked for copies of communications between the investment firms and the government. (Excerpt) Read more at green.blogs.nytimes.com …
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