Government

Solyndra Hearing Update: GOP Reps Grill Obama Officials Over Taxpayer-Funded Energy Loan

Hot Air’s Ed Morrissey has the blow-by-blow of what happened on Capitol Hill Wednesday during the Solyndra hearing (you can get caught up here) involving Department of Energy official Jonathan Silver:

Freshman Rep. Morgan Griffith (R-VA) has a name that sounds more like a law firm — and that’s appropriate to keep in mind in this clip from today’s House hearing on Solyndra.  Griffith, a member of the Energy and Commerce Committee’s subcommittee on oversight and investigations, grills the Department of Energy’s Jonathan Silver about the decision to subordinate taxpayer investment in Solyndra to a new investor, Argonaut, as the green-tech firm was failing.  Griffith points out that Congress made clear that taxpayer funds for green-energy loans were not to be subordinated to other investors in case of bankruptcy and demands to know why Silver and the Obama administration disregarded it.  Silver responds that the DoE needed to use all tools it could to attempt to salvage the company to protect taxpayer funds — and Griffith pounces at the answer:

But the grilling didn’t end there. Rep. Tim Murphy (R-PA) couldn’t get Silver to admit who actually approved the loan despite the poor market signs.

“You’re the driver, Mr. Silver. You’re the driver,” Murphy said:

Read more at Hot Air.

Comments (161)

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  • Ghandi was a Republican
    Posted on September 14, 2011 at 9:16pm

    These ARE obama’s fat cats. Union ‘bosses’, Crony Capitalists, Government bureaucrats and corrupt ‘fundraisers’

    Report Post » Ghandi was a Republican  
    • let us prey
      Posted on September 14, 2011 at 9:26pm

      ghandi was a republican
      Agreed.
      George Kaiser is a corrupt obumbler supporter.

      Report Post » let us prey  
    • the hawk
      Posted on September 14, 2011 at 9:39pm

      Maybe Van JONES is goig back to jail !
      Did’nt this guy say it ( He) would’nt be business as usual ! I Think he mighta ah LIED ! !

      Report Post »  
    • jzs
      Posted on September 14, 2011 at 10:30pm

      Here’s a comment for those of you with their thinking caps on. Suppose your car runs out of gas on some long, flat stretch of Arizona highway and you are 30 miles from the nearest gas station. Fortunately there are a lot of people around to help you push your car those 30 miles. How many of those people would you need to push your car those thirty miles in say, 12 hours? Five guys? Ten?

      A single gallon of gasoline, about 8 pounds, will get you there in 30 minutes. Those 8 pounds of gasoline will do what 5 or 10 guys can do, and 24 times faster. And of course those guys couldn’t push an airplane across the ocean or any of the other things petroleum does for mankind.

      Suppose tomorrow there was no more gasoline of oil. No cars, no ships, no airplanes, no military to defend our country. Civilization would collapse. That’s not a paranoid theory, you just have to think about it. If there was no more oil, no more gasoline, what stops?

      You know that oil isn’t a renewable resource. The oil we have took millions of years to create (sorry all of you who think the world is 5000 years old, that’s not true) and there is a fixed amount. When it’s gone, it’s gone. Maybe you don’t care or think about your descendants. But IMO, the sooner we start developing alternative sources of energy the better. When the oil starts running out, and that’s not that many generations away, it’ll be too late.

      Report Post » jzs  
    • Rowgue
      Posted on September 14, 2011 at 10:54pm

      @JZS

      And your point is what? We need to keep investing billions in dead end technologies? People don‘t use the crap because it’s too expensive and too inefficient. When somebody comes up with something that actually works, is feasible for practical use, and is cost effective people will use it.

      We’ve used all sorts of different things to produce energy over the centuries: wood, whale blubber, coal, steam, natural gas, oil, water. If it works and it’s readily available and cost effective people will use it. Until you‘ve got an alternate way to power my vehicle that meets all of those criteria then I’ll continue to to use gasoline until it runs out.

      Oh and by the way. Yes oil is a renewable resource. It just happens to take a really long time for the process to take place. Oil is constantly being created, it wasn‘t a one time occurance where all the dinasaurs were liquified into oil when they died and that’s all the oil that will ever exist. Now are we pulling more out of the ground than is being created and will we eventually hit a point where the well is essentially dry? Probably at some point. But the world will also eventually see a point when there is essentially no potable water left. I guess we should all stop drinking water now.

      Report Post »  
    • GJPinks
      Posted on September 14, 2011 at 11:03pm

      Dear JZS, Oil is created abiotically. It was not created from dead single or multi-celled organisms. It has been detected in deep space, found in extremely deep not sedimentary deposits and continues to be created even today. The quantity we have used and still have has take thousands if not hundreds of years to produce and will become scarce in the future, but we still have 100s of years of hydrocarbon based fuels. Solar requires highly poisonous materials generate power and wind turbines kill tens of thousands of animals every year. There is now free or even economical renewable energy and other than the useful idiots, no one believes that there will be in the next 40 or 50 years.

      Report Post »  
    • Therightsofbilly
      Posted on September 14, 2011 at 11:27pm

      JZS

      I don’t know what kind of technologies you keep up with, but battery technology has taken huge leaps in the last few years. It’s still not cheap enough, or quite yet feasible for mass appeal, but in the not too distant future we will have small, lightweight, powerful, affordable batteries that will also have the benefit of taking a charge quickly.

      This technology can replace a great deal of oil consumption. BUT, how will we create the electrical power needed to charge them in mass quantities? Solar and wind is not going to cut it, at least for now.

      My point is this JZS. Have faith and trust in mankind, and even more faith and trust in the free market to provide us with what we need, when we need it. Let a free people do what they do best, unfettered by overly numerous regulations and taxes, and it will all work out. No need to wring our hands. Trust me.

      For now, just drill baby drill, frack baby frack, and mine baby mine like nobody’s business so that energy here stays cheap enough to allow us to develop the technologies of the future. A booming economic environment is a prosperous and inventive environment.

      Government can not force these things to happen. They don’t have the brain power to make it happen. They only hinder the process.

      Report Post » Therightsofbilly  
    • jzs
      Posted on September 14, 2011 at 11:54pm

      Rowgue, I’m not sure what to make of your post. Your language is coherent and grammatical but your understanding of scale of time involved with the creation of oil is way off. Yes, the same processes that created the oil we now have are still taking place. But the oil we have now on Earth took hundreds of millions of years to create, compared to the few hundred years we’ve used oil for anything other than burning in an oil lamp. Think about it – Saudi Arabia, and the rest of the Middle East, is a desert. Do you think more oil is being created there? How long did it take for those countries to become deserts anyway. A long time right? Where exactly is all this new oil being created?

      No, you’re so ill-informed I don’t know how to respond. Given the rate of usage compared to the creation of oil, oil is a non-renewable resource. Maybe you should do some research on that.

      I agree that right now alternative sources of energy are expensive compared to oil. But the price of oil , although it might fluctuate, is only going up in the long run as oil becomes more and more difficult and expensive to produce.

      GJPinks – no, oil has not been found in “deep space.” And even if it were, how would you get it? What is it, little droplets you can scoop up and return to Earth? Sorry, the amount of oil on Earth now is, for all intents and purposes fixed and declining rapidly.

      Report Post » jzs  
    • Detroit paperboy
      Posted on September 15, 2011 at 12:22am

      Obama could not run a sucessful
      DONUT SHOP. period no way !

      Report Post »  
    • Therightsofbilly
      Posted on September 15, 2011 at 12:23am

      @JZS

      Did you mean to say that the supplies of oil that we are allowed to go after are declining rapidly?

      Report Post » Therightsofbilly  
    • Therightsofbilly
      Posted on September 15, 2011 at 12:27am

      @DETROIT PAPERBOY

      I’m not sure about that.
      He has been very good at adding a lot of doughnut shaped numbers to our debt, and deficit.

      Report Post » Therightsofbilly  
    • jzs
      Posted on September 15, 2011 at 12:31am

      Hey Billy, good post. I might disagree slightly with a point or two, but awesome post.

      Actually the company I work for is trying to get a foot in the door of one or two components of the next generation of energy storage devices (batteries). The future of that technology is huge as you say.

      Power plants, for example, are strained to the limit during hot summer days (no comment about global warming). But, if they could store the energy they generate at night, when demand is low, we could, more or less, don’t hold me to a figure, half the the number of power plants we need. The plants store the extra energy they need at night, then use that energy to make up the deficit during the day.

      And of course electric cars and hybrid cars would become more competitive with regular cars, like I have. And of course computers, iPads, readers etc. would last longer without a charge.

      Yep, the Market is a good thing, and my company is trying to profit from new technology for energy storage. Which is good, because I hope to retire from the same company I’ve worked for since I was a young person.

      Report Post » jzs  
    • Therightsofbilly
      Posted on September 15, 2011 at 12:41am

      Hey JZS,

      I see you declined to make a comment about global warming.

      Have you seen this?

      http://www.foxnews.com/scitech/2011/09/14/nobel-prize-winning-physicist-resigns-from-top-physics-group-over-global/

      Report Post » Therightsofbilly  
    • Theleftisda
      Posted on September 15, 2011 at 1:24am

      @jzs
      MMMkay(Mr.McKay joke)let us look at your thought,we run out of oil (big deal)I can run a small block
      Chevy 162 C.U at 950 horspower on Methanol, do over 240 mph at 2300 lb and get 1.4 mpg’s.
      I can make a car 80 Cu. 10 h.p -425 h.p and get at least 50 mpg let me put pure oxygen in the system
      and add 30% to that!!!!!!!!!!!!! I get 26 mpg with my 505 hp zo6 and 22 mpg zr1 with 638 hp at the pump do the math.

      Report Post » Theleftisda  
    • TomFerrari
      Posted on September 15, 2011 at 1:44am

      And, WE, These United States of America, have HUNDREDS of YEARS of petroleum/hydrocarbons in the ground, both as oil, shale, sands, coal, and natural gas. Improving emissions is one thing, improving effiency is one thing… but, the INTENTIONAL DESTRUCTION of ALL EXISTING FORMS OF ENERGY, in order to CHASE UNPROVEN technologies is both FOOLISH and IGNORANT.

      Furthermore, those who claim it is necessary are simply LIARS and DECEIVERS, and are motivated by PERSONAL FINANCIAL GAIN and by POLITICAL GAIN (POWER).

      I will grant a HANDFUL of exceptions to the poor dupes who have believed all the nonsense. But, for the most part, they WANTED to believe, and they SUSPEND LOGIC in order to do so.

      Report Post » TomFerrari  
    • jzs
      Posted on September 15, 2011 at 1:49am

      Hey Billy. I followed your link. The guy is a Nobel Prize winner, and a smart guy for sure, but his expertise is not in climate science. Thanks at least for not sending a link to a Rush Limbaugh talking about climate science. As far as I can tell most TP members get their science from him.

      You found a Nobel Prize winner who disagrees with climate change. If you googled you could probably find a few other respectable scientists that do too.

      Sorry, but the other ten thousand climate scientists in the world disagree. I won’t try to present the data behind to universal consensus that climate changeoccurringring. Your scientist says the world isn’t warming. He says that the temperature of the Earth is “remarkably stable.” But there is no support for that idea anywhere. The Earth is warming, that is a fact beyond dispute except from AM talk show hosts. Whether or not the warming is caused by greenhouse gasses from human activity is the olegitimatemate area of dispute.

      And your scientist thinks the Earth isn’t warming. Okay. But the other 10,000 climate scientists in the world believe that not only is the Earth warming, but that greenhouse gasses from human activity are a contributing cause.

      Sorry to be the one to inform you, but the sun doesn’t revolve around the Earth, and, yes, humans can actually pollute the vanishingly small layer of air that surrounds the world, and that’s bad news for humans.

      Report Post » jzs  
    • jzs
      Posted on September 15, 2011 at 2:18am

      Theleftisda, that’s a bit lame compared to what I have accomplished. I have a 120 Cu. 10 h.p -425 h.p and that gets 165 mpg with the new injection system I have a patent in for. If you catch up with me, let me know! Let’s talk turkey.

      Report Post » jzs  
    • Therightsofbilly
      Posted on September 15, 2011 at 2:23am

      Hey JZS,

      I certainly never thought that article would sway your opinion, but wanted you and the rest of America to know of it’s existence.

      At least I can rest easy knowing that data shown near the end of the article seems to show that the majority of people are starting to see that the wool has been pulled over their eyes.

      At minimum, we have a hundred years worth of oil at our disposal. Seeing as how 100 years ago we barely had cars, and the first flying machines, (look at our advances in those 100 years), I somehow know that by the time our oil is anywhere near running out, new sources of energy will have been perfected. All the worry and stress over it will have been for naught.

      But of course, that’s not what it is all about in the first place, and you know that as well as I do. But I digress, and that is a topic for another day.

      Report Post » Therightsofbilly  
    • Therightsofbilly
      Posted on September 15, 2011 at 2:34am

      Oh, and I don’t google, I Dogpile. No joke.

      Report Post » Therightsofbilly  
    • thepatriotdave
      Posted on September 15, 2011 at 3:03am

      JZS,
      Almost everyone on this site has long ago ignored whatever you say because we know you play the same old Marxist record over and over and over. Get a life will ya?!

      Report Post » thepatriotdave  
    • RIGEL_ORION
      Posted on September 15, 2011 at 4:20am

      @JZS

      Not sure if you are deliberately being obtuse or just don’t get it. The oil currently in the ground is the result of a process that has never stopped…meaning that ‘new oil’ is constantly being added to the current supply as more (lets call it pre-oil) reaches its end stage and becomes recoverable oil.

      Are we consuming the reserves faster than they are being replenished? I‘d say that’s a near certainty. However, to condescendingly decree that once oil is gone, its gone forever, doesn’t jive with the facts or logic.

      The problem I and many other American‘s have is with government trying to centrally plan the economy and direct our tax dollars to the ’green’ projects they deem most worthy. Since its not their money if it gets lost, they figure what’s the harm in investing in extremely unprofitable technology. They always know what’s best for us and since their good buddy and contributors run the company, it has to be a great investment.

      These conflicts of interest and an absence of bottom line thinking is exactly why government inevitably winds up doing more harm than good.

      Report Post »  
    • Steve
      Posted on September 15, 2011 at 4:39am

      jzs

      Instead of handling the issue straight on JZS once again pulls the ole progressive two step smoke and mirror deflection questions dance.

      JZS it’s getting old. The jig is up. We see through you and your quasi socialist leader .

      Report Post »  
    • Ruler4You
      Posted on September 15, 2011 at 5:13am

      This is what is fundamentally wrong with our elected government officials. Wrong is wrong, all the time. It isn‘t ’relative’ to any thing. It’s just wrong. And the fact that democrats won’t pony up some bile here is emblematic of the party itself but also of the entire system. Neither side will “stand” on principle all of the time and that is a disgrace. Yes, compromise “is” the lube of government. But the principles of sound government don’t have to be compromised. Only ideas need to be compromised.

      Report Post » Ruler4You  
    • Detroit paperboy
      Posted on September 15, 2011 at 5:28am

      We are watching the largest robbery in the history of the
      World, right before our very eyes ! Trillions to unions
      and cronies and govt. workers. Capitalism can no
      longer afford socialism…. Simple really, socialism
      is like a crackhead who just needs one more rock ?

      Report Post »  
    • POdVet
      Posted on September 15, 2011 at 6:38am

      @JZS Honestly I do not see what ANY of your comments have to do with the BLATANT corruption of the Obama administration. The ongoing investigation has nothing to do with fossil fuels. The reason Solyndra went belly up had nothing to do with a proliferation of fossil fuels, or peoples preference of using easy to acquire but hard to replace fossil fuels. Solyndra failed because other companies caught up with them technologically and offered their products cheaper! Then the Obama admin decides to give a genuinely failing company a half billion dollars of taxpayer money, not to let the company re-tool or re-organize. But for the sole purpose of protecting multimillionaire private investors from losing money when it went belly up. Instead the TAXPAYERS took the loss! In simple terms, the Obama Administration stole money out of your and my pockets to protect his rich donors.

      Report Post »  
    • loriann12
      Posted on September 15, 2011 at 6:55am

      Nobody wants to pay the price for American made solar panels. Nobody wants an electric car. It’s supply and demand. You can’t subsidize an industry that no body wants. If it were feasible and inexpensive and worked well, natural selection would make the industry thrive. Obviously we can’t pay our employees what China does, so we have to find an alternative to that. And you can’t run an airplane on solar panels. But this has nothing to do with the problem here. They knew a year before this company went bankrupt that it probably would, and still gave them over half a billion dollars of our money. It proves one of 2 things. Either the Obama administration is having a ball spending someone else’s money and numbers that high mean absolutely nothing to them, or it’s Cloward and Piven, since they knew they were throwing money down a hole.

      Report Post »  
    • Jamestownrd
      Posted on September 15, 2011 at 7:39am

      We are witnessing the most corrupt administration in history…if people are so prideful in refusing to admit they voted into office the most nonintelligent person possible to live at 1600 Pennsylvania Avenue..they or weas it were…deserve the ramifications …ask a stupid negroe a question…no matter what the question…and their answer comes from a“ victimized”..point of origin…we must not allow victims to answer questions..they never answer a question..they answer their perceived reward

      Report Post » Jamestownrd  
    • MONICNE
      Posted on September 15, 2011 at 8:32am

      This is a bunch of political finger pointing. They should focus on lessons learned.

      I watched the C-SPAN version and learned that the “loan” was initiated in 2006, part of a Federal Program that was funded by a republican Congress in 2004 and authorized in 2005.

      The Agency Head was a recess appointment by Obummer that got Eric Cantor and John Kyle all wee-wee’d up.

      TEA

      Report Post » MONICNE  
    • Therightsofbilly
      Posted on September 15, 2011 at 12:31pm

      Now now Monicne,

      You are being disingenuous as usual.

      Why don’t you tell us the complete facts behind your attempted deflection?

      Report Post » Therightsofbilly  
    • SamIamTwo
      Posted on September 15, 2011 at 1:13pm

      jzs

      Suppose this fact…under the Bush admin they stopped the award of the contract instrument.and 6 days into the Obama admin they fast tracked the award.

      They were throwing away 100K dollars worth of failed panels a day…now how many days are in a month? Everyone in the company knew, independent auditors reported the problems but the Obama regime ignored it…

      Forget about the Hammer, toilet seat and Mr. Coffee…this is it for Obama. This one has legs…

      Report Post » SamIamTwo  
    • AvengerK
      Posted on September 15, 2011 at 6:44pm

      Just ignore JZS..he’s a troll and a loon. He just says “stuff”. He’s the same dolt that said Bush gave Solyndra the loan on these boards when this site ran with story a few days ago. I personally posted answering his lies and misdirections reminding the cretin that the loan guarantee was fast-tracked by Obama‘s administration in 2009 and Bush’s admin had passed on the company knowing it was not a feasible venture.
      So what does JZS excrete on these boards today? “what if you pushed your car x amount of miles using y amount of people…blah..blah …we need alternative fuels because oil is evil/finite/insert disparaging description here. Pseudo-science at it’s most moronic. By the way..look up who these “ten thousand scientists” are that JZS wishes to impress us all into submission with. ALL the “evidence” for AGW (anthropengic global warming) comes from groups either working with the U.N.s IPCC or financially beholden to the IPCC. Hockey stick graph ring a bell? That was the IPCC’s little baby before it was discredited.
      The there’s “scientist”Charles Monnett who first reported those polar bears dying off because of AGW? He’s under investigation for “integrity issues”.
      Then there are the leaked CRU emails which revealed apparent attempts by the CRU’s head, Professor Phil Jones, to destroy global temperature data rather than give it to scientists with opposing views.
      I’ve got a lot more examples of the corrupt “AGW Inc” agenda that JZ

      Report Post »  
    • AvengerK
      Posted on September 15, 2011 at 6:55pm

      RIGHTSOFBILLY…MONACNE is trying pull the same subterfuge JZS tried a few days ago. Throw out something about Bush’s administration dealing with the issue of Solyndra and hope no one investigates further. In fact…Bush’s administration PASSED on Solyndra after excercising due dilligence and determining that the company was not a feasible venture. Contrast that with what know right now where Obama’s administration fast-tracked the loan guarantee, ignored please to slow down and examine the company more closely, even ignore data indicating the company was heading for bankruptcy all to meet a stump speech deadline for Joe Biden so that Obama can propagandize it for his deflating “green jobs” agenda. If that wasn’t bad enough, the loan guarantee was subordinated (AGAINST CONGRESSIONAL MANDATE I HASTEN TO ADD) thus ensuring that Obama’s financial backer Kaiser would save his 75 million dollars while the tax payer had to eat the 535 million dollars. This one is going to hurt Obama and only exemplifies the idiocy of the “green” agenda.
      Spain has a “green” economy. It’s at 21% unemployment, has lost 2.2 jobs for every “green” job (many of which are temporary), will be subsidizing “green” jobs for the foreseeable future and is in danger of defaulting. This is the kind of fiscal environment idiots like MONACNE and JZS want you to be immersed in..all for the myth of “anthropgenic global warming”.

      Report Post »  
  • 1casawizard
    Posted on September 14, 2011 at 8:56pm

    I you are insubordinate, you are not doing as told. Subordinate means you do as told. Suborn means bribe.

    Report Post » 1casawizard  
    • Rowgue
      Posted on September 14, 2011 at 10:31pm

      Actually suborn means to encourage or entice. Bribing is subborning, but so is the simple act of asking somebody to do something. Paying someone to provide a service is also subborning.

      And they are using the term subordinate in the financial context. Subordinating debt is when you willingly and intentionally place yourself as a subordinate to other creditors to be repaid. So if they file for bankruptcy and you have subordinated that debt, all of their other creditors will now get repaid with the proceeds of the liquidation before what is owed to you is ever considered. When you subordinate debt you are essentially writing it off as a loss, you have zero chance of ever recovering a dime from any liquidation resulting from the bankruptcy.

      Report Post »  
  • Bernice Durdan-Rowland
    Posted on September 14, 2011 at 8:54pm

    All smoke and mirrors again – another “cat and mouse game” – whats new????? We have no “statesman” that will show a spine and stand up for what is right and nip this case in the bud. If Obama doesn’t get fired or IMPEACHED between the Fast and Furious Gun Runners case, the Gibson Guitar shut down and now Solyndra Solar business and preventing Boeing from doing business in S. Carolina – - – - – well, if we want to keep America alive, than something has to give, FAST !!!!!!!!! Is there no one that will follow our Constitution!!

    Report Post »  
  • carbonyes
    Posted on September 14, 2011 at 8:46pm

    Follow the money, the inter-corporate connections and Obama’s green friends. Subpoena anyone even remotely connected, squeeze them till they sing, and follow the trail up the ladder. Move deftly and quickly and they may be able to catch Obama and his pals with their hands in the cookie jar with Chicago style politics written all over it,

    Report Post »  
    • let us prey
      Posted on September 14, 2011 at 9:22pm

      carbonyes
      George Kaiser, a financial obumbler backer is involved and is in line to grab the tax payer money if there is anything left in the end. Typical thug b/s.

      Report Post » let us prey  
    • jblovesAmerica
      Posted on September 14, 2011 at 9:30pm

      Squeeze them??? How about a ride to GITMO and get the truth , by water-boarding if necessary.
      we need the truth.
      after we get the truth ,on the way back-throw them out of the plane.

      Report Post »  
    • Rowgue
      Posted on September 14, 2011 at 11:04pm

      This isn‘t Obama’s baby. He’s certainly a willing partner in the green energy scam, but he didn’t start it. The Clinton Gore super twins got this ball rolling by kowtowing to the eco terrorist groups, and GWB kept all the BS programs rolling along because he didn’t want to upset the apple cart.

      Report Post »  
  • BOUGHT YOUR SILO YET?
    Posted on September 14, 2011 at 8:33pm

    I don’t want to sound stupid, but what is meant, in this context, that the DOE subordinated the loan to another organization?

    Report Post » BOUGHT YOUR SILO YET?  
    • BOUGHT YOUR SILO YET?
      Posted on September 14, 2011 at 8:48pm

      Never mind, I figured it out. It’s much worse than what we thought- great.

      Report Post » BOUGHT YOUR SILO YET?  
    • jjufon
      Posted on September 14, 2011 at 9:06pm

      it means after bankruptcy, and the left over cash is to be given back, it is given back in a certain order. if you are first in line, you will get all you money back, but if you are last in line, the chances that there is anything left to give are slim to none,

      it means they agreed to go to the end of the line so private investors get paid, and we get screwed.

      Report Post »  
    • Tronix
      Posted on September 14, 2011 at 9:30pm

      Silo? not yet, but I already bought some cans, a manual charged lamp, some penicilline shots and a water filter…jeje

      Report Post » Tronix  
    • BOUGHT YOUR SILO YET?
      Posted on September 14, 2011 at 9:35pm

      Yeah- I figured it out. It’s like when we took out a second mortgage to have our pool put in. The bank that undersigned the mortgage for the house was first in line, and the bank that undersigned the loan against the first mortgage was 2nd in line. Of course, we paid everybody back so all was good. But what I don’t understand is how the tax payer became 2nd in line.

      Report Post » BOUGHT YOUR SILO YET?  
    • RA0725
      Posted on September 14, 2011 at 9:43pm

      It lowered the ranking of it for repayment or recovery of funds. Obamas buddy, Kaiser?, who owns shares and sits on the board of Argonaut, got moved up to the #1 spot and we the taxpayers went to the back of the line. So Obamas buddy gets paid and we don’t.

      Report Post »  
    • Rowgue
      Posted on September 14, 2011 at 10:33pm

      The taxpayer didn’t become second in line, they became last in line.

      Report Post »  
    • Orkas Eat Seals
      Posted on September 14, 2011 at 10:39pm

      What the POTUS has done to the country since 01/20/2009. Both his domestic and foreign policies have devalued our reputation and strategic influence to that of a banana republic. We are now the laughing stock of the world.

      Report Post »  
    • BOUGHT YOUR SILO YET?
      Posted on September 15, 2011 at 1:51am

      Rowgue- you are right and wrong. Kaiser’s two companies hold the first and third liens and taxpayers hold the 2nd.

      Report Post » BOUGHT YOUR SILO YET?  
  • Shasta
    Posted on September 14, 2011 at 8:27pm

    Incredible. The administration buys the equivalent of junk bonds by making this loan, and then subordinates the tax payer’s position on the debt, in hopes of getting future private investment that never materialized. They were going to do anything to make this work, yet it still failed. Again, Obummer makes congress irrelevant. Again, Obummer wastes millions of dollars.

    Report Post » Shasta  
    • Snowleopard {gallery of cat folks}
      Posted on September 14, 2011 at 8:34pm

      Indeed, and somehow I expect they wanted it to fail, just to have one more excuse to dump massive amounts of bribery money into worthless projects and such for political cronies to support him in the next elections.

      Report Post » Snowleopard {gallery of cat folks}  
    • Shasta
      Posted on September 14, 2011 at 8:39pm

      @snow, I agree, but I do think Obummer needs at least one win in his new ‘green economy’ in order to dump a lot more of our money out the window. So far, now wins yet.

      Report Post » Shasta  
    • AmericanWomanFirst
      Posted on September 15, 2011 at 7:33am

      Obama wastes a million dollars? Naaah…he’s using it for his campaign. Can we say… “Greengate Baby”? 2012…the Year of Justice. Post election…let the investigations roll! Just the beginning~

      Report Post » AmericanWomanFirst  
  • redbone007
    Posted on September 14, 2011 at 8:26pm

    Behine closed doors the Democrats are asking Obama to resgin

    Report Post » redbone007  
    • Shasta
      Posted on September 14, 2011 at 8:35pm

      I hope so.

      Report Post » Shasta  
    • iarefounder
      Posted on September 14, 2011 at 8:36pm

      Biden is involved, too, right? Hello, President Boehner.

      Report Post »  
    • Plan B
      Posted on September 14, 2011 at 10:28pm

      You know, when Glenn said this evening something good was coming, that was my first thought!

      Report Post »  
    • Mil Mom
      Posted on September 15, 2011 at 12:56am

      @iarefounder
      Posted on September 14, 2011 at 8:36pm
      Biden is involved, too, right? Hello, President Boehner.
      ***
      But, not to worry, BO, Pres Boehner will still want you as a regular golfing partner. Love the bulldog Murphy, all I‘m surprised about is that he didn’t ask the guy what his salary is & suggest he use it to pay the taxpayers back.
      He’d look good as director of the FBI in a repub administration, or maybe Attorney General.

      Report Post » Mil Mom  
  • macpappy
    Posted on September 14, 2011 at 8:20pm

    Pay attention folks, this could be the item that brings this crooked administration down.
    Remember, Watergate took on a life of it’s own.

    Report Post » macpappy  
    • Ronald Wilson
      Posted on September 14, 2011 at 8:38pm

      I hope so, but somehow I doubt that this is the only one of these out there. Just a question of whether others can be exposed before the election. The O man doesn’t stand a chance in a fair election.

      Report Post » Ronald Wilson  
    • RLTW
      Posted on September 14, 2011 at 11:38pm

      Of course in the end it would actually require the MSM to do their job and call this admin out on all this corruption.

      Report Post »  
  • Bernice Durdan-Rowland
    Posted on September 14, 2011 at 8:19pm

    Same ole story – - all smoke and mirrors, no one admits to anything – - like a “cat and mouse” game.
    No one has the spine and integrity to stand up and quit the stand off – they must all be in bed together. Disgusting to the core – impeach anyone connected with the problem – no ands, ifs or buts !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Congressman Issa, DO YOU JOB !!!!!!!!!!!!!! Show your strength, NOW !!!!!!!!!!!!!!!!

    Report Post »  
  • 1casawizard
    Posted on September 14, 2011 at 8:18pm

    Arrogant thief is what J. Silver is. He’s not alone in this. I hope they put the heat on ‘em so somebody starts singing.

    Report Post » 1casawizard  
  • NOBALONEY
    Posted on September 14, 2011 at 8:13pm

    Rep Timothy Murphy said to Mr. Silver, “ I want you to stop throwing everyone under the bus”. “Our loan was for the physical construction of the plant” was the only answer he gave Rep Murphy.

    Report Post » NOBALONEY  
  • smartgirl
    Posted on September 14, 2011 at 8:11pm

    To date, alternative energy efforts require heavy subsidies because they aren’t efficient or cost effective. Generally speaking, subsidies = scams. If there were a profit to be made, there would be plenty of private capital investing in it. Let’s stop kidding ourselves and use the abundant fossil fuel energy we have here in the United States. We‘re being held hostage by a small minority of green folks and we’re going to make ourselves extinct in the process of protecting creatures like the delta smelt. Evolution has always weeded out species and there’s nothing to be gained by prolonging the inevitable. Side note: Do the green folks know about all the birds being killed by windmills? Where’s the outrage?

    Report Post »  
  • tobywil2
    Posted on September 14, 2011 at 8:11pm

    Don’t you get it yet? The whole “Global Warming Scam” is simply an emotional argument to allow the tyrants to reward their political cronies with your hard earned money. To see a cartoon that exposes the intent of the Global Warming Scam click on: http://commonsense21c.com/images/GLOBAL_WARMING_SCAM.jpg

    Report Post » tobywil2  
  • NOBALONEY
    Posted on September 14, 2011 at 8:08pm

    Rep Griffith, “Common sense trumps mmbo jumbo”. “Model was weak to begin with”. Questions of doubling profits is a bad markeplace. Solyndra’s Mr. Silver defered answer to others in the company.

    Report Post » NOBALONEY  
  • 1casawizard
    Posted on September 14, 2011 at 8:07pm

    Nothing surprises me any more coming from this bunch up there. There’s going to a lot more stuff coming out from this and they may uncover some more while the fall guys take bullets for little barry.

    Report Post » 1casawizard  
  • Infidel49
    Posted on September 14, 2011 at 7:59pm

    Bush demonstrated his ability and once again obama demonstrated is inability. I don’t agree with everything Bush did, but this clown in the WH has got to go.

    Report Post » Infidel49  
    • I support God's Israel!
      Posted on September 14, 2011 at 8:05pm

      And, Obama replied, “CAN I HAVE CHEESE WITH THAT?”

      Crooks like this, being at the highest level of government don’t feel they have to answer to anyone, therefore, nothing will come about with this. BET ME.

      Report Post » I support God's Israel!  
  • Just plain Rick
    Posted on September 14, 2011 at 7:58pm

    Somebody needs to be fired, now!

    Report Post »  
    • Stoic one
      Posted on September 14, 2011 at 8:18pm

      sadly we will have to wait until January 2013 for that .

      Report Post » Stoic one  
  • South Philly Boy
    Posted on September 14, 2011 at 7:56pm

    Put them ALL in JAIL

    Report Post » South Philly Boy  
  • byehlik
    Posted on September 14, 2011 at 7:55pm

    The problem is…..Who is responsible? Funny, and sad, there is no answer. So much for leadership.

    Report Post » byehlik  
  • Rayblue
    Posted on September 14, 2011 at 7:55pm

    The deeper they dig, the more they will discover of a worldwide network involving the same elements
    and techniques of payoffs and deceit.

    Report Post » Rayblue  
  • cykoaudio
    Posted on September 14, 2011 at 7:52pm

    this is a good example of how far Obama will reach to double down on a lie/promise he makes during a speech-a speech over a year ago in which Obama said this green company is a good representation of his “stimulus” package and how it has helped to bring green american companies to the forefront-…by using all tools available to back up his words even though he knew he was lying & overreaching by using this company as an example of stimulus money being well spent,but now we know they kept throwing good taxpayer money at bad project just to make up for O’s gaffe

    Report Post » cykoaudio  
  • krjones
    Posted on September 14, 2011 at 7:49pm

    The most corrupt government in history!

    Report Post »  
    • kraphtsman
      Posted on September 14, 2011 at 8:00pm

      You can bet your last green cent the Obama administration is covering up… it‘s glaringly obvious these worthless people don’t have a shred of honesty or shame. And more obviously, other than what’s being reported in talk radio, the Blaze and maybe Fox, NONE of this corrupt administration’s cronies in the lamestream “press” will give this story any prominent airtime. I hope this Congressional investigation keeps going on and on as long as it takes to uncover the truth. And I hope the politically-connected Obama cronies who made ANY investments lose EVERY DIRTY DOLLAR they were ILLEGALLY allowed to invest, at the expense of the taxpayers.

      MAKE THESE DEMOCRAT CRONIES PAY, not the rest of us !

      Report Post »  
    • RepubliCorp
      Posted on September 14, 2011 at 8:19pm

      Not to worry! Holder and Obama will make it back selling guns to drug dealers in Mexico.

      Report Post » RepubliCorp  
  • ProbIemSoIver
    Posted on September 14, 2011 at 7:48pm

    What we really need is a subcommittee on oversight and investigations, looking into our corrupt “politicians” !!!
    Not some solar panel company !!!

    Report Post » ProbIemSoIver  
  • beekeeper
    Posted on September 14, 2011 at 7:46pm

    I personally love the half-hearted attempts to deny the Bush DoE board voted UNANIMOUSLY to DENY Solyndra’s Loan Guarnatee application two weeks before Bush left office and try and claim the Bush Admin also wanted to give them the loan guarantee.

    It simply proves they have no defense, and they are throwing anything they can at reporters to try and make this go away.

    You know it’s bad when Rep. Waxman breaks from the party and calls this “troubling.”

    Report Post » beekeeper  
    • AvengerK
      Posted on September 14, 2011 at 8:01pm

      “Bush did it” isn’t going to stick this time. This is all Obama’s foul up. Chicago machine politics to the letter. It’s not awful enough that Obama fast-tracked the loan guarantee (against ALL advice not to) so that Biden could stump with it but he subordinated the money AGAINST CONGRESSIONAL MANDATE so that his buddy Kaiser could get back his 75 million if the company tanked..which they all knew it would. UNBLOODYBELIEVABLE.

      Report Post »  
  • emertz8413
    Posted on September 14, 2011 at 7:44pm

    Take em down, take em all down!!! The whole lot of them are corrupt and it goes all the way to the top!!!

    Report Post »  
    • ilovethiscountry
      Posted on September 14, 2011 at 8:00pm

      Grill them!

      Report Post »  
    • momprayn
      Posted on September 14, 2011 at 8:01pm

      Ha! yeah, my first response was “NAIL ‘EM !!!!!” We are so sick and tired of this corruption, lies, criminals getting away with all this!!!!! And don’t….stop !!!!! Much, much more to bring to justice!!

      Report Post »  
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