Solyndra congressional hearing goes nowhere fast
Executives from bankrupt solar energy company plead the fifth dozens of times
A congressional hearing intended to gather facts regarding bankrupt
California solar energy company Solyndra Inc. - since dubbed "Solyndragate," went nowhere fast. Top executives with the company
pleaded the fifth dozens of times, but gave members the opportunity to
pose dozens of questions about the loss of a half billion dollars in
government loans from the Obama administration.
Lawmakers still posed questions for the executives, leading to complaints from committee Democrats that House Republicans were badgering the witnesses.
Lawmakers still posed questions for the executives, leading to complaints from committee Democrats that House Republicans were badgering the witnesses.
Rep. Henry Waxman (D-Calif.), pointed out that the Supreme Court had previously ruled it's considered prosecutorial misconduct when the government calls witnesses with the flagrant intent of questioning them to invoke their Fifth Amendment.
Oversight Subcommittee Chairman Cliff Stearns said that Democrats had agreed to the format ahead of time. "I agreed to the format. That doesn't mean I agreed to badgering the witnesses," ranking committee member Diana DeGette (D-Colo.) said.
Rep. Phil Gingrey (R-Ga.), told Fox News that the members asked questions that they would have liked to have answered.
Regardless, silence from the two executives will not stop committee leaders from pursuing their investigation into the $528 million loan Solyndra received from the Energy Department in 2009.
Lawmakers say they want the administration to turn over all communications related to Solyndra, as well as all communications between Energy and the Treasury, which lent Solyndra the money.
Committee leaders say the White House may have violated the law when it restructured Solyndra's loan last February in order that private investors moved ahead of taxpayers for repayment in case of default.
"We are also determined to know why DOE allowed the taxpayers to be subordinated to the private investors during that restructuring in violation of the clear letter of the law. What we do not know is whether the Solyndra executives here today have something to hide. Was all the information they submitted to DOE accurate and complete?" Stearns added.
© 2011, Catholic Online. Distributed by NEWS CONSORTIUM.
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Pope Benedict XVI's Prayer Intentions for January 2013
General Intention: The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
Missionary Intention: Middle Eastern Christians. That the Christian communities of the Middle East, often discriminated against, may receive from the Holy Spirit the strength of fidelity and perseverance.
Keywords: Solyndra, congressional hearing, Fifth amendment
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I think the FBI raiding their place of business speaks volumes as to whether or not something fishy was going on. But in this case since I can't think of anyone who has ever suffered as a result of these house hearings, let law enforcement do their job, put these guys and jail and be done with it. While I would LOVE to see some politician or bureaucrat go to jail over this, they won't. And this committee won't dig too hard or they may end up indicting friends etc. This is all just political drama at our expense.