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Sep 20th, 2011 1:36 PM #1
Issa to launch probe of Obama actions on Solyndra, LightSquared
Rep. Darrell Issa (R-Calif.) said Tuesday 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," the chairman of the Oversight and Government Reform Committee said Tuesday morning on C-SPAN...
...Issa said the committee was looking at whether it was improper for members of Congress or White House staff to select companies eligible for subsidized government loans when those companies could give campaign donations. ...
Solyndra pleads the 5th
Solyndra LLC's chief executive and chief financial officer will invoke their Fifth Amendment rights and decline to answer any questions put to them at a Congressional hearing on Friday, according to letters from their attorneys obtained by Reuters.
In the letters sent to the House Energy and Commerce Committee's Subcommittee on Oversight and Investigations, attorneys for Solyndra CEO Brian Harrison and CFO W. G. Stover said they advised their clients not to provide testimony during the hearings...
Last edited by Nu Kua; Sep 20th, 2011 at 3:24 PM."The Alice-in-Wonderland nature of this pronouncement is not lost on me..."
Sep 20th, 2011 6:38 PM #2
The CEO's pleading the 5th will force Department Of Energy officials to invoke executive privilege... guaranteeing this story will remain in the headlines for months. There's no way out for the Administration." Take Badlaw's body out to the gold-mine 'n toss it down a shaft. "
Sep 20th, 2011 11:32 PM #3
as it should be .... make people aware that we are getting scammed out of taxes AGAIN (still)!One Day People Will LearnThat Entitlement And Morals Are Not Synonymous With Each Other and It's SPELLED JUSTICE - Not JUST US!
Sep 21st, 2011 7:45 AM #4"The Alice-in-Wonderland nature of this pronouncement is not lost on me..."
Sep 21st, 2011 8:10 AM #5
Sep 21st, 2011 8:19 AM #6
Oh, they'll keep it in the news... The scandal itself is most-likely a sequence of amatuerish blunders by zealots who mistook Obama's election as a 1,000-year mandate for a Democrat-ruled 'dynasty'." Take Badlaw's body out to the gold-mine 'n toss it down a shaft. "
Sep 21st, 2011 9:20 AM #7
Okay, y'all make sense. Maybe better to say then, the Republicans will definitely be smart enough to make sure this stays in the conversation, considering 2012 is just around the corner. It's what I might do, if I were fighting for control of the WH.
Originally Posted by Reef"The Alice-in-Wonderland nature of this pronouncement is not lost on me..."
Sep 21st, 2011 11:48 AM #8
Energy and Commerce Committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Cliff Stearns (R-FL) today blasted Solyndra CEO Brian Harrison and CFO W.G. Stover for reneging on their written assurances that they would not take the Fifth Amendment while testifying before the Oversight and Investigations Subcommittee this Friday. Today’s news breaks an agreement that Solyndra’s lawyers had made with committee investigators that Mr. Harrison and Mr. Stover would voluntarily testify and answer the Committee’s questions about the half a billion dollar loss of taxpayer money.
The open letter:
“Who exactly are Solyndra’s executives trying to protect and what are they trying to hide?
Despite repeated assurances that they would testify voluntarily and answer questions this Friday, today we received the news that these executives – who had plenty to say to federal officials when securing half a billion dollars in taxpayer funding for their venture – plan to invoke their Fifth Amendment right against self-incrimination and will not answer questions from Congress.
“Our investigation has gotten this far without much cooperation from Solyndra, and it will continue with or without their voluntary testimony. It’s disappointing that the officials who canvassed the halls of Congress in mid-July and misled our members about the financial state of their company are now unwilling to answer direct questions, but any effort to cover up the truth will ultimately not succeed. We will not allow stonewalling by DOE, OMB, Committee Democrats, Solyndra, or anyone else to stop this investigation into what happened to half a billion dollars of the taxpayers’ money.
“Both Mr. Stover and Mr. Harrison will be sworn in under oath this Friday. We have many questions for Solyndra’s executives on their dealings with the Obama administration, their efforts to secure federal support for a project that appeared doomed from the outset, and why they made certain representations to Congress regarding their dire financial situation just two months ago. We would encourage Mr. Harrison and Mr. Stover to reconsider this effort to dodge questions under oath and hide the truth from those American taxpayers who are now on the hook for their $500 million bust.”
The Subcommittee on Oversight and Investigations will hold a hearing on “From DOE Loan Guarantee to Bankruptcy to FBI Raid: What Solyndra's Executives Knew” this Friday, September 23, 2011, at 9:00 a.m. in room 2123 of the Rayburn House Office Building."The Alice-in-Wonderland nature of this pronouncement is not lost on me..."
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