Solyndra executives are being hauled before a GOP House Committee today, the latest props in the conservative right’s war on clean energy. Solyndra recently went belly up after obtaining over $500 million in DOE loan guarantees that were allegedly helped along by the White House. The House Energy and Commerce Committee wants to bat them around a bit and also use them as a way to point out alleged White House corruption. But the executives will plead the fifth instead.
But in a statement, the company asserted that it “is not aware of any wrongdoing by Solyndra officers, directors or employees in conjunction with the [Energy Department] loan guarantee.” Solyndra said it is cooperating fully with a criminal investigation by the U.S. Attorney for the northern district of California.
The Solyndra executives had been asked to testify last week but delayed their appearance, saying they would cooperate this week and promising not to invoke their rights to avoid self-incrimination.
Attorneys for Solyndra chief executive Brian Harrison and chief financial officer W.G. “Bill” Stover said Tuesday that they advised their clients not to answer questions from House lawmakers. They cited the Justice Department investigation and the FBI’s recent raid of Solyndra’s Fremont, Calif., offices.
“This is not a decision arrived at lightly,” Harrison’s attorney, Walter F. Brown, said in a letter obtained by The Washington Post, “but it is a decision dictated by current circumstances.”
I don’t know why Solyndra’s’ execs originally agreed not to invoke the Fifth, given the FBI had already raided their headquarters. Still, it’s their right under the Constitution.
And while we’re on the subject of elected officials trying to influence government loan decisions, I wonder whether Fred Upton, the chair of the House Energy and Commerce Committee, and Cliff Stearns, the investigations subcommittee chairman, will submit to questions about their efforts to secure the same kinds of clean energy loan guarantees for their donors and companies in their districts as Solyndra received. While you’re at it, throw Darrell Issa into that mix as well:
Rep. Darrell Issa (R-Calif.) announced yesterday that his committee plans to investigate government loan programs to private corporations out of a concern that politicians might exert undue influence to help those who donated to their campaigns. But Issa had sought government loans in the past for similar clean-energy products in his home state.
Letters show Issa lobbying Energy Secretary Steven Chu to grant loans to a Aptera Motors, a California-based hybrid car company; a San Diego-area biofuels consortium; and Quallion, a lithium-ion battery manufacturer in Los Angeles.
In one letter, Issa writes: “Awarding this opportunity to Aptera Motors will greatly assist a leading developer of electric vehicles in my district. … A loan to Aptera will help accelerate the move from gasoline-powered vehicles to cleaner electric vehicles.”
I know hypocrisy doesn’t mean anything in the Republican Party anymore, but this is getting ridiculous.




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Interesting that Issa will not hold hearings on News Corp, leading GOP propagandist, on wire tapping because “News Corp is under DoJ investigation,” while Upton jumps at a chance to poke Obama LLC in the eye with parallel investigations. Hypocrisy indeed. But Obama is a hypocrite also, so maybe it balances out.
Not only NewsCorp, where Issa knew Rupert before he doesn’t know him any more [it's why Issa didn't investigate Rupert for a Delaware fiasco], as well as this latest example is RW hypocrisy so evident. the walls described by Issa don’t exist when a D is in the crosshairs.
The thing to remember about Solyndra that the corporate media isn’t telling you is that the Bush Administration and GOP-led Congress approved the program in 2004, funded it in 2005, Solyndra got its funding from VC operations [including Walmart's Madrone operation] and a loan guarantee from the Bush Administration DOE in 2007. Obama’s DOE refused to restructure the updated loan [tied to the notorious photo op that is the SOLE basis to pin this on Obama] after the audit of the books in 2010 apparently was unsatisfactory, which tells me that the USG can actually pull the plug on a bad deal occasionally. So all of the talk about this being Obama’s issue are road apples, the only thing Obama did was to do a photo op on a loan vetted by Bushies. And then pulled the plug when what he was told didn’t add up any more. Bush never did that, he just shoveled more taxpayer dollars down the rat hole and prosecuted the messengers [i.e. Bunnatine Greenhouse].
David,
Your latest posts seem to be along party lines rather than calling it what it is that both parties are corrupt. Given that is the case does that mean repubs should not call O out on his crony lending of 500 billion of our money? No it does not. is it political, yes. But nothing stops the dems doing the same to repubs. Given that we the people only have this BS system as any chance of getting this stuffed aired, and until that changes this is what we got.
Your post this morning about repubs letter to the Fed once again focused on partisan politics that you missed the bigger picture. Honestly you are starting to sound like MSM where the hosts covers a story and then two hacks from either party point fingers and say this is all political, blah, blah
Goes to show, you can’t touch anything the right holds out to you. They’re toxic, pure and simple.
“I’m shocked! Shocked to find that gambling is going on in here!”
I agree with you. I’m starting to get a bad feeling about FDL. I feel that, bottom line, they are supporters of obama and up to this point, they have been trying to make obama “do it.” I question FDL on their integrity.
This is not true. While I know both sides are corrupt that doesn’t mean O hands are clean. Emails show against advice that even said Solyndra would run out of cash sept 2011, O through DOE pushed through the loan, so it would be in effect when biden did his speech at the company.
Moreover after the loan was given a large campaign donor ponied up some more cash and was able to do a deal where it became a secured creditor ahead of the taxpayer. Right now, although we will see, keiser is set to get assets for pennies on the dollar and the US taxpayer will get zip.
All I need to know is what kind of salaries and bonuses thesse guys paid themselves, how much they spent om that fancy building and plant, and how much of that money was ours.
We can always hang them later. After a fair trial.
What? No, I am not jumping to conclusions.
Issa is the latest bogeyman, for what, trying to figure out how the heck Solyndra got $500 million of taxpayer money at a time when their products cost more to produce than they were being sold for?
Issa is also trying to get more information on Gunwalker, is FDL going to plunge into that debacle anytime soon?
Hmmmmmmm…Love you,you said it before I could have.I was stunned by the words, “Witch Hunt” in the header.
And I will say as I have said before…we are not in this shit cuz of the GOP shenanigans,The Democrats played a leading role in helping us get the shitty end of the deal too.
Both DNC & GOP are corrupt,its really that simple.
Both DNC & GOP are corrupt,its really that simple.
Right the people with their hands on the levers of power are bought and sold.
Issues are the battleground not parties.
Yes, but also agree with karenb, as of late FDL seems to be doing more MSM partisan spin type coverage. early to say if this is a shift in direction, but if it is then we will have lost a great site.
You go that right.
and I’d add:
Given that is the case does that mean repubs should not call O out on his crony protection of Health insurance companies, hospital chains, and big pharma…
Hey Issa, whant to touch that one? You know, the ACA beneficiaries?
It’s not all at FDL, but it does sound like dday got his talking points memo from the DNC.
This is purely wrong. The loan guarantee program was initiated by Bush, but the initial application for a loan guarantee from Solyndra was turned down in early 2009. Once Obama became president, a revised application was approved (whether with coercion from the white house up to debate). Those are the facts. Details will vary depending on political bent.
Bottom line, Solyndra loan guarantee turned down during Bush, gets approved once Obama takes office.
Can you provide a link to back up your story from a more reliable source?
http://thinkprogress.org/romm/2011/09/13/317594/timeline-bush-administration-solyndra-loan-guarantee/
Why is this a witch hunt ?
Don’t you want to know what happened to our money regardless of which President was on watch.
“Washington doesn’t work” people say and yet when it does people find fault with partisan politics just like the politicos in office.
karenb & mswinkle
You may not like DDay’s take and it’s your prerogative to question it, but please don’t accuse him of having a lack of integrity or using DNC talking points. He is incredibly knowledgeable and energetic, and a major asset to FDL.
The high-tech world is full of get-rich-quick MBA hucksters. It looks like they scammed Obama on this one. The scammer got scammed.
“loan guarantee from the Bush Administration DOE in 2007″
If you can document that you’ll be the first person on this site to ever prove me wrong on a point of fact.
So go for it: what is your source?