On 10/14/11, a committee/subcommittee interviewed and discussed the government backing of loans to Solyndra. They discussed the matter with two representatives from the Department of Treasury.
I would like to discuss with you the detailed issues regarding this matter. Unfortunately that's not possible. After about 3 hours of listening to these politicians, they have spent more time asking inane questions, arguing with the DoT representatives, and spouting rhetoric to further their political agenda. As such there wasn't much actual information garnered from this subcommittee hearing.
What I can tell you is that the Department of Treasury, while handling the government's money particularly loans, does not decide whether other departments, particularly the Department of Energy, CAN have a loan. The DoT offers advice and recommendations to other departments, but has no power (nor enough information) to deny a loan or to force additional investigations.
However, if I understand the law here, if the loan exceeds $100,000, then whatever department, again Department of Energy in this case, must consult with the Department of Justice before proceeding. The DoTreasury informed the DoEnergy regarding this issue, BUT the DoEnergy never did consult the DoJustice.
My problem is the politicians neither understand, nor seem able to grasp the established procedures between the Dot, the DoJ, the DoE or any other department. I kinda think it's their fucking JOB to know how our government runs. Do you really want someone who doesn't understand how the government runs, to be making more laws?
These are the people who represent us, the constituents.
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