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  • Solyndra Execs Renege, Will Take the Fifth at Oversight Hearing

    Two Solyndra executives slated to testify before a House committee Friday have announced they will invoke their Fifth Amendment rights against self-incrimination and refuse to answer any of the committee’s questions. The two had previously told the committee they would not plead the Fifth if they could push back the date of their testimony.

    Jan Little, the attorney representing Solyndra CFO W.G. Stover, said her client “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.” CEO Brian Harrison’s attorney said the decision was “dictated by current circumstances.”

    Members of the House Energy and Commerce Committee, which has led the Solyndra investigation, were livid at the news. “We will not allow stonewalling by DOE, OMB, Committee Democrats, Solyndra, or anyone else to stop this investigation into what happened to half a billion dollars of the taxpayers’ money,” Reps. Fred Upton (R-MI), the full committee chairman, and Cliff Stearns (R-FL), chairman of the oversight subcommittee, said in a joint press release.

    “We would encourage Mr. Harrison and Mr. Stover to reconsider this effort to dodge questions under oath and hide the truth from those American taxpayers who are now on the hook for their $500 million bust,” they added.

    Just last week, Stearns said the two executives had agreed to refrain from taking the Fifth in exchange for the committee’s agreement push back the date of their appearance before the committee. Their announcement today violates that agreement.

    Speaking at Heritage, Stearns had said that the committee would be “a little flexible if they’ll come next week and testify freely and openly and transparently.”

    The hearing Friday will be the second of a series by the Energy and Commerce oversight subcommittee on the Department of Energy’s loan guarantee program, the Solyndra bankruptcy, and the potential roles of political cronyism in both. The first of the series focused on the federal government’s role, and saw officials from the Energy Department and Office of Management and Budget testify.

    UPDATE: Matthew Boyle at the Daily Caller reports the law firms representing the Solyndra executives are major contributors to Democrats and havehelped President Obama’s political efforts, according to information retrieved from Center for Responsive Politics.

    Posted in Scribe [slideshow_deploy]

    2 Responses to Solyndra Execs Renege, Will Take the Fifth at Oversight Hearing

    1. Bobbie says:

      HYPOCRISY IS ALL DISHONORABLE PEOPLE KNOW! taking the 5th doesn't take an hour so they'll save money on lawyers fees! How pathetic! are they in a government "protected class" from personal dignity? protected from personal accountabilities of their own actions? Many people of this country have stooped so low in honor of an ugly "fundamental transformation" into the conversion of uncivil and government appointed liberties. My goodness, please hold accountable ALL those who are!! Bring America BACK!!

    2. Brian says:

      There are countless Solyndras across America. Case in point is Pyrotek, the lithium battery manufacturer that opened Tuesday (9/20/'11). Pyrotek received $11 million from the U.S. Department of Energy and $1.3 million from New York state in anticipation of the demand for rechargeable batteries for electric vehicles. The only problem is that there is little demand for these battery-powered vehicles because consumers aren't buying them because they know that the negatives from the Gov't Motors' Volt, the Prius & the Leaf will short out the positives that come with these very expensive cars (even with $7500 taxpayer rebate). The pricetag to replace the lithium battery is $10,000 (source: popularmechanics.com).
      I predict that the taxpayer money that went to Pyrotek will go up in smoke within a year.
      The Pyrotek story can be read on the Buffalo News web site: http://www.buffalonews.com/business/article564486

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