The two top executives of the bankrupt solar power company Solyndra sat stone-faced before a Congressional committee today and invoked their Fifth Amendment rights, rather than explain how they blew through $535 million in taxpayer money.How bad is it for these thieves. Even Henry Waxman isn't buying their BS.
"Let me just warn you and the other folks involved in this taxpayer rip-off," Energy and Commerce Chairman Fred Upton (R-Mich.) told the Solyndra executives. "We're not done. No we're not."
The decision of Solyndra CEO Brian Harrison and Chief Financial Officer W. G. Stover to repeatedly refuse to answer questions about Solyndra's Energy Department loan guarantee was the latest twist in an unfolding investigation into the failure of the California solar panel manufacturer, which just one year earlier had been touted as a model of President Obama's green jobs program.
The Obama administration had selected Solyndra as the first to receive a loan under a program designed to provide government support to companies that would create jobs while generating energy from cleaner sources, such as solar, wind and nuclear. President Obama personally visited the Solyndra complex, hailing it as a leader in this emerging field.
"When Mr. Harrison was in my office in July he said that Solyndra's future was bright, with sales and production booming," said Rep. Henry Waxman (D-Calif.). "I 'd like to know why he told me that in July and then filed for bankruptcy one month later. Unfortunately I will not get an answer today."It's time for criminal charges.