Chairman Issa to launch probe of Obama actions on Solyndra, LightSquared

House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) said that his committee plans to investigate government loan programs to private corporations in light of allegations of improper dealings between the White House and failed energy company Solyndra and wireless start-up LightSquared.

"I want to see when the president and his cronies are picking winners and losers… it wasn't because there were large contributions given to them," Chairman Issa said.

Republicans have charged that the White House pressured an Air Force general to revise testimony before a closed congressional hearing to aid LightSquared, a wireless start-up company. E-mails between the company and the White House make mention of the fact that the company's CEO would be attending Democratic fundraisers in Washington, and Administration officials met with executives from the company on the same day that CEO Sanjiv Ahuja wrote a $30,400 check to the Democratic National Committee. The company is facing a tough regulatory road after initial tests showed LightSquared's technology had been found to interfere with military and aviation GPS. But both the company and White House have denied any influence-peddling.