BREAKING: Biden’s Bad News Just Keeps On Coming. He’s Screwed.

(Republican Party News) – Things just keep going from bad to worse for the usurper president Joe Biden.

The US International Development Finance Corporation is a federal agency providing financing mainly in developing countries for projects that involve infrastructure, energy and more.

Just last month, DFC loaned a cool $500 million to Arizona-based First Solar so that they could build a plant in India.

A Dec. 7 DFC news release celebrated this news and exclaimed that the agency was “thrilled to be in a position to support First Solar’s new venture in India…vertically integrated photovoltaic solar modular manufacturing…” and so on and so forth.

What was conveniently left out of the news release is the fact that a big stockholder at First Solar was also a major donor to the presidential campaign of Joe Biden.

The Washington Free Beacon reports that Lukas Walton, a Walmart heir, gave over $300,000 to the Biden campaign and more than $100,000 to the Democratic National Committee.

That is certainly no small amount and most definitely enough to question the motives behind the DFC granting the massive $500 million loan to First Solar. Is the Biden regime taking care of those who supported their puppet president during his campaign?

This news caught the attention of a couple House Republicans who are on the House Oversight Committee. Rep. James Comer of Kentucky, ranking member of the committee, and Rep. Ralph Norman of South Carolina, ranking member of the environmental subcommittee.

Now they’re digging into the matter and asking to see DFC records regarding the First Solar loan.

“The loan, which is DFC’s ‘largest single debt financing transaction,’ raises questions about the involvement of political considerations in the analysis and decision-making processes at the DFC,” Comer and Norman said in a letter to the DFC.

The congressmen are demanding to see communications regarding First Solar between the DFC and the White House. They’re also looking into communications involving billionaire Walton and individuals who represent him.

“Given Mr. Walton’s extensive history [of] fundraising for Democrats, this loan raises questions about what role his political contributions may have played in DFC’s decision to grant this loan,” Comer and Norman wrote.

First Solar directed the Free Beacon to the DFC for comment and the DFC, naturally, declined to respond.

The congressmen are also investigating a Jan. 7 class-action lawsuit by shareholders claiming that First Solar executives put out misleading information and inflated its stock price.

In that suit the pension fund of Pontiac, Michigan, employees claimed that a First Solar solar module was “grossly underperforming and was unable to hit its wattage targets.” As a result of those claims, 2019 stock prices were inappropriately boosted, causing investors to lose money.

First Solar settled for $350 million in 2020, with two UK pension fund stockholders who filed suit with claims that First Solar’s misleading financial statements had inflated stock prices between 2008 and 2012.

The DFC was known before 2019 as the Overseas Private Investment Corporation, which had a “history of deals gone bad when mixing taxpayer dollars with politically connected entities like First Solar,” Tom Anderson, director of the Government Integrity Project at the National Legal and Policy Center told the Free Beacon.

“This agency has a history of favoring entities backed by huge political contributors, like First Solar, by giving them less scrutiny while prioritizing politically connected projects above entities and individuals who are not politically active,” Anderson said.

But a DFC spokesperson, whom the Free Beacon said asked not to be named, said the December deal had “absolutely nothing to do with politics.”

It sure sounds like the kind of deal that Hunter Biden would be involved in. It most certainly had everything to do with politics. Clearly First Solar is not the kind of company the government should be doing business with yet, they are.

The only explanation for that is, of course, politics.

Joe “the Big Guy” Biden is still at it.

Copyright 2022. RepublicanPartyNews.org

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