The onion is being pealed back on the growing loan scandal involving top Obama administration officials and Solyndra, a green energy company that was given half of billion dollars in taxpayer money.
The Blaze
Hot Air’s Ed Morrissey has the blow-by-blow of what happened on Capitol Hill Wednesday during the Solyndra hearing 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:
The Last Tradition is fast becoming one of the most popular political blogs on the net. Don’t miss out on the fun and tell a friend.
The Blaze
Hot Air’s Ed Morrissey has the blow-by-blow of what happened on Capitol Hill Wednesday during the Solyndra hearing 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:
The Last Tradition is fast becoming one of the most popular political blogs on the net. Don’t miss out on the fun and tell a friend.
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