freedombecki
Let's go swimmin'!
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- #121
Republicans are Demanding that the President's appointees account for the Vanishing Half Billion Dollars!
"Although numerous red flags indicated that Solyndra was financially troubled and unviable in the global market, the administration went ahead and committed over half-a-billion dollars in taxpayer funds to this company that went bankrupt," Cliff Stearns, Republican chairman of the House Energy and Commerce Committee's subcommittee on Oversight and Investigations, said today.
"Furthermore, in restructuring the loan, the administration allowed the private investors to have the 'first out' in case of Solyndra's collapse. Then there is the FBI raid raising the likelihood of criminal activity," he said. "I want to find out what happened to this money and who is responsible for putting these dollars at risk."
He has called a hearing tomorrow at the Rayburn House Office Building where senior officials from the Department of Energy and the Office of Management and Budget who were involved in the loan effort "will testify."
If they don't account, they could get subpoenaed, and it may come to that in some cases.
"Although numerous red flags indicated that Solyndra was financially troubled and unviable in the global market, the administration went ahead and committed over half-a-billion dollars in taxpayer funds to this company that went bankrupt," Cliff Stearns, Republican chairman of the House Energy and Commerce Committee's subcommittee on Oversight and Investigations, said today.
"Furthermore, in restructuring the loan, the administration allowed the private investors to have the 'first out' in case of Solyndra's collapse. Then there is the FBI raid raising the likelihood of criminal activity," he said. "I want to find out what happened to this money and who is responsible for putting these dollars at risk."
He has called a hearing tomorrow at the Rayburn House Office Building where senior officials from the Department of Energy and the Office of Management and Budget who were involved in the loan effort "will testify."
Account
If they don't account, they could get subpoenaed, and it may come to that in some cases.