Rep. Bachmann: Solyndra "Makes Watergate Look Like Child's Play"

November 18, 2011 2:08 pm ET

From a November 18, 2011, appearance by Rep. Michele Bachmann (R-MN) on Fox News' America Live:

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BACHMANN: This is more than just a simple Washington scandal, this is a historic scandal because the president had his own political fundraiser placed in the Department of Energy for the specific purpose of pointing to which loans would benefit his political donors. Not only that, this company never showed a profit, no bank would have ever given this company a loan in the first place and when they gave this company a loan and the company looked like they were going downhill, then we saw the government change the order of priority over who would get paid back in the case of a bankruptcy. And lo and behold, who would get paid back? It was George Kaiser and the Kaiser people who are the political donors of President Obama. They would be first in line, which is a violation of the law; the federal government is supposed to be paid back. Also, one of the spouses of one of the people involved was working for a law firm for Solyndra when they were looking at the deals. It just stinks on every level. This makes Watergate look like child's play, Megyn.