Solyndra execs to take the Fifth

[FarCenter]

Solyndra's top executives will take the safe route on Friday by invoking their Fifth Amendment rights not to answer questions from a House panel investigating the California solar company's demise.

Attorneys for CEO Brian Harrison and CFO W.G. Stover told the House Energy and Commerce’s Investigations and Oversight Subcommittee in separate letters sent Tuesday that they have advised their clients to decline all lawmaker questions because of the ongoing Justice Department criminal investigation.

"This is not a decision arrived at lightly, but it is a decision dictated by current circumstances," wrote Harrison's attorney, Walter Brown.

"Mr. Stover respects the important role this subcommittee plays in performing its constitutional oversight function in service to the American people," wrote Stover's lawyer, Jan Little. "He looks forward to a time when he can assist the Subcommittee's efforts, and make known his perspective about events at Solyndra. Unfortunately, the current circumstances do not permit it."



Read more: http://www.politico.com/news/stories/0911/63972.html

[efhmc]

1. Them and the mafia bosses, a perfect fit.

[SlyDog]

2. I would plead the 5th too...

Why expose myself to a political hatchet job by a Republican controlled House?

Not to mention the media sharks circling...sensing blood in the water.

[WhiteTara]

4. I'm with you on that one!

I would plead the fifth whether I had done something illegal or not.

Welcome to DU, BTW :hi:

[hexola]

3. Its not =great= news for Obama - but this looks worse for the execs than him

This is about the failure of the company...not about making a bad investment.

Was Obama setup with dummy company that was "failed" on purpose to make him look bad...

I think I read Harrison is a R...

[BanTheGOP]

5. I smell Dick Cheney's shitty ass in this mess...

Yes, Dick Cheney. Because remember, Solyndra was a BUSH administration program to start with. Keep in mind that Bush and Cheney were having problems trying to defend their rapacious good ol' boy oil policies, where they got their cohorts billions of dollars of profits. So they ostensibly looked at Green companies like Solyndra to try to say "Hey, us republican bastards can do Green Energy TOO!," knowing full well they were gonna diss the program when they had a chance. But when they knew Obama was going to win, they (Bush and Cheney) manipulated the finances so that Solyndra thought they were a viable company.

Ironically, Solyndra never had a chance with the Bush Administration, but their executives were conditioned to try to cozy up to the Bush/Cheney/Big Oil. Cheney recognized this, and used his financial demons at Halliburton to dummy up the financials, knowing full well that Obama was going to go full throttle for needed Green Energy initiatives. Bush and Cheney KNEW that with their fake data, the Obama administration would look favorably with Solyndra, enough to push the loan through. The number of meetings that Solyndra initially met with the administration was done because Solyndra was presenting data that the BUSH administration had given them. So basically what happened was this:

1. Bush/Cheney/Rove met with the republican leadership along with the oil cartel to create a plan that would camouflage the financial processes of government involvement from company executives, diverting resources from needed technology improvements to meeting the standards set by Bush Administration energy zombies. This was done knowing that the Bush administration had NEVER INTENDED to ok Solyndra, and was setting them up for a fall.

2. At the same time, the Bush Administration knew that the GOP could lose the presidency to Obama, based upon the fact they could not dummy up the vote process this time around. So they played with the figures to give to the transition team, so that when Obama was inaugurated and they pursued green companies, they saw that Solyndra was one company that would be the cornerstone of the energy policy.

3. So basically, the Bush Administration lied to Solyndra about their financials, and they ALSO lied to Obama about the financial condition about Solyndra.

Ironically, had Solyndra not been contacted for a setup by the Bush administration, they undoubtedly would have actually developed their product so they would have, without question, been feasible as a green energy product. In short, this was a deviously brilliant setup by the GOP, and it will be hard to prove their involvement.

But MAKE NO MISTAKE... Bush and Cheney are 100% responsible for this mess. Eric Holder should be able to ferret out this mess, but until it happens, the GOP is going to try to make a big stink about this. But we know better.

Pure and simple.

[JDPriestly]

6. I have figured for months that scandals would be used to throw

doubt on the Obama administration. This will probably not be the last. We shall see what happens. The Republicans are making hay out of this -- probably Obama had little if anything to do with it. That's just my intuitive feeling.

Obama had only been in office two months when this was approved according to something I read. If that is true, it may well have been a set-up. Republicans always have some sort of deal like that. Was it David Koresh and the Branch Davidians who were attacked shortly after Clinton took office -- and there was another extremely right-wing guy who was attacked shortly after Clinton took office. Then wasn't Mogadishu another little George Bush I nasty surprise for Clinton.

This sounds like a similar "surprise" for the Obama administration planned to go off with a delayed reaction. I could be wrong, but the deal was approved so soon after Obama got into office.