Solyndra execs will decline to testify at hearing

[ChandlerJr]

Source: Reuters

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.

The bankrupt company's $535 million federal loan guarantee is being investigated by the House Energy and Commerce Committee.

Harrison is represented by Orrick, Herrington & Sutcliffe and Stover is represented by Keker & Van Nest.

Read more: http://www.reuters.com/article/2011/09/20/us-solyndra-idUSTRE78J5RE20110920

---

Way to fight back against this anti-Obama witch hunt. Stick to your guns. That's how the Repubs would do it!

[larkrake]

1. Bush pushed this loan, it was all but signed when Obama came in

[hugo_from_TN]

2. Signing is the key step - that is the decision making step

[IamK]

11. self delete

[AngryAmish]

3. In a just country, the next reporter that mentioned Solyndra would be publically whipped

We do not live in a just country.

[earcandle]

4. People who don't honor Congress demand for testimony are supposted to have warrants out for their

arrests.  Why does Congress pretend it doesn't have the power
to force people to testify under oath?  What kind of a banana
republic are we when criminals can decide if they are going to
tell the truth or not?  

[earcandle]

5. Or when Rich People decide they don't want to pay taxes? Congress can place liens on property and

banks to collect tax revenue. Tax revenue is serious business.
 It is our bread and butter.  

[stockholmer]

6. so I can put you down as a person in favour of repealing the US 5th Amendment?

:shrug:

Last time I checked, 'banana republics' do not have such constitutional protections.

Do not fear though, at the rate the USA is moving, you will not have them soon either.

[24601]

7. Congress can compel testimony when immunity is granted. n/t

[dixiegrrrrl]

10. The people ARE going to provide testimony.

Their testimony will be " I decline to answer that question under my right to avoid self incrimination:
this is a lawful statement, and legal for them to do.

It is people like to Rove who simply refused to appear at all that should have been arrested.
No warrant in his case.

[Broderick]

8. none of this is good

[saras]

9. Why is this an issue? Businesses fail all the time, this one failed in an utterly ordinary manner..

Given the morals and integrity of the witch-hunters, the best strategy, I think, is to give them no information at all, but to make them work the legal system as hard as they can to get ANYTHING done.

But ultimately, we would nearly all benefit the most if it were simply dropped.

[IamK]

12. John Stewart.... Nothing to see here.. please move along...

http://www.thedailyshow.com/watch/thu-september-15-2011/that-custom-tailored-obama-scandal-you-ordered-is-finally-here

[Township75]

18. Wow! That was a good one!

Nice work, Jon!

[christx30]

13. Most businesses

don't fail taking over $500 million in taxpayer dollars with them. Where did the money go? And why was this extreamly bad decision made? No one wants to buy solar panels. There is no way you'd be able to get your money back if you invested into the company. I wouldn't have invested. But I did, thanks to this decision by first the Bush mis-adminstration and now Obama. Now we're out over $500 million. And they want to raise our taxes. They have an obligation to use our money wisely. If they don't, they're not doing their jobs and should be voted out.

[Devil_Fish]

14. I watched them build the buildings in the SF Bay area. Huge buildings.

The property and buildings could have cost 500 mil easy. I don't think Solyndra should be allowed to keep, and sell these buildings and property. the government should just... forclose.

[christx30]

15. Could not agree more

We're taking back our investment since your company won't exist soon. Then the feds can sell the property to pretty much anyone. They won't have any trouble selling it off.

[Psephos]

16. Part of the sweetheart loan package is that the government is last in line behind private investors.

Nice, huh?

[christx30]

17. Whomever

wrote out the government's side of the contract needs to be investigates. Whether he/she worked for the Bush or Obama administration. I'm not blaming one of those guys. The president can't look at every contract that is written. But that person that did it needs to be looked at.