| 00:00:34 |
Stearns, Clifford "Cliff" - U.S. Representative, [R] Florida
SUSAN RICHARDSON THE CHIEF COUNSEL LOAN PROGRAM DATED FEBRUARY 15TH, 2011. WE HAVE HAD A CHANCE TO REVIEW IT AND I THINK BEFORE I MAKE MY FINAL DECISION...
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| 00:01:09 |
Barton, Joe - U.S. Representative, [R] Texas
TO WITHDRAW THE RESERVATION BECAUSE I AM NOT AT ALL INTERESTED IN HIDING ANY RELEVANT INFORMATION FROM THE AMERICAN PUBLIC AND THE WAY TO GET IT IN...
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| 00:07:16 |
DeGette, Diana L. - U.S. Representative, [D] Colorado
WE WON'T OBJECT TO THE OTHER -- APPARENTLY IT IS THE SAME MEMO AND IT HAS DIFFERENT ELDRESSES BUT IT'S STILL THIS TEXT. >> MY QUICK READING. ESTIMATE...
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| 00:09:04 |
DeGette, Diana L. - U.S. Representative, [D] Colorado
OF THESE MEMOS AND HAD THESE COMMUNICATIONS AND GAVE THESE LEGAL OPINIONS OTHERWISE I FEAR HE MIGHT NOT KNOW THE LEGAL BASIS FOR THIS. WE NEED TO KNOW...
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| 00:09:27 |
Stearns, Clifford "Cliff" - U.S. Representative, [R] Florida
IS RECOGNIZED. >> DESPITE THE LAST WORD ON RESERVATION OR WHATEVER. >> DO YOU REQUEST -- YOU ARE RECOGNIZED FOR FIVE MINUTES. >> THANK YOU MR. CHAIRMAN....
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| 00:09:44 |
Terry, Lee - U.S. Representative, [R] Nebraska
FROM COLORADO AND OUR FRIEND, CHAIRMAN EMERITUS FROM TEXAS. I'M GLAD THESE DOCUMENTS ARE BEING SUBMITTED TO THE RECORD. I THINK THAT'S IMPORTANT. I...
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| 00:11:09 |
DeGette, Diana L. - U.S. Representative, [D] Colorado
WEEK. I LOVE THAT. WELL, MAYBE NOT. I WOULD IF YOU WOULD, BUT NOT SURE OUR COLLEAGUES WOULD AGREE TO HAVING ONE NEXT WEEK BUT
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| 00:11:19 |
Terry, Lee - U.S. Representative, [R] Nebraska
THE WEEK AFTER, SO IN THE MEANTIME, WOULD YOU BE HELPFUL, THE GENTLELADY, THE RANKING CHAIR, OF PROVIDING, OF ENCOURAGING SUSAN RICHARDS TO HAVE AN ...
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| 00:12:26 |
DeGette, Diana L. - U.S. Representative, [D] Colorado
ABOUT A COVER-UP ON EXACTLY THE PROBLEM WITH THIS INVESTIGATION. >> ARE YOU NOT ALLOWING US TO GO THROUGH REGULAR ORDER. >> IBM HAPPY THE GENTLEMAN ASKED...
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| 00:14:51 |
Burgess, Michael C. M.D. - U.S. Representative, [R] Texas
WE ASKED HIM WAS WHEN YOU MAKE AVAILABLE MEMBERS OF YOUR STAFF TO OUR STAFF TO BE ABLE TO TALK ABOUT THESE ISSUES AND OUR STAFF ON BOTH SIDES I THINK...
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| 00:17:38 |
Schakowsky, Janice "Jan" - U.S. Representative, [D] Illinois
CONGRESSWOMAN DeGETTE. >> MR. TRAUNER AND I THINK WE SHOULD CUT THIS DEBATE OFF BECAUSE MR. BURGESS REALLY DIDN'T WANT TO SAY WHAT HE JUST SAID. THE...
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| 00:17:53 |
DeGette, Diana L. - U.S. Representative, [D] Colorado
UNDER SUBPOENA. THE ONLY SUBPOENA WAS FOR THE DOCUMENTS FROM THE OMB, NOT DOE. ALL OF THE DOCUMENTS FROM THE DEPARTMENT OF ENERGY WERE PRODUCED TO THIS...
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| 00:19:51 |
Blackburn, Marsha - U.S. Representative, [R] Tennessee
WHICH THIS DRAFT MEMO BECAME AVAILABLE AND IT IS BECAUSE OF THIS DRAFT MEMO THERE WAS MADE AVAILABLE UNDER THE SUBPOENA DOCUMENTS THAT WE THEN WERE...
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| 00:21:45 |
Terry, Lee - U.S. Representative, [R] Nebraska
RECORD REFLECT THAT THEY INITIATED THE DISCUSSION ABOUT A MEMO, MADE SPECIFIC ACCUSATIONS AGAINST A MAJORITY OF HIDING THOSE FROM THEM. SO IT IS COMPLETELY...
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| 00:22:48 |
Gingrey, Phil MD - U.S. Representative, [R] Georgia
UNANIMOUS CONSENT TO SUBMIT THIS MEMO FOR THE RECORD. THE MINORITY KNOWS THAT IN CONSULTATION WITH THE MAJORITY A COMMITMENT WAS MADE BY THE MAJORITY...
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| 00:24:58 |
Griffith, H. "Morgan" Morgan - U.S. Representative, [R] Virginia
AND SO FORTH AND ON THE WARMBLOODED IS IN BECAUSE I WANT THE PRESS AND THE LAWYERS OF THE UNITED STATES OF AMERICA TO TAKE A LOOK AT THIS MEMO. WHEN...
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| 00:27:46 |
Scalise, Stephen "Steve" - U.S. Representative, [R] Louisiana
UNFORTUNATELY OUR COLLEAGUES ON THE OTHER SIDE HAVE BLOCKED US AND STONE WALLED US ON EVERY FRONT GOING BACK TO PREDATING PREDATING THE SUBPOENA. BUT...
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| 00:30:31 |
Stearns, Clifford "Cliff" - U.S. Representative, [R] Florida
I DO HAVE A QUESTION, THOUGH. IF I UNDERSTAND CORRECTLY, SHE IS AGREEABLE TO PUTTING BOTH MEMOS -- SHE TOLD ME BOTH MEMOS. >> ON THE SECOND MEMO, THERE...
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| 00:30:49 |
Barton, Joe - U.S. Representative, [R] Texas
OF TABULAR INFORMATION REGARDING PROPOSED FINANCES OF THE -- OF SOLYNDRA. IS THAT ALSO -- OF YOU WISH THAT TO GO IN THE RECORD, ARE JUST THE -- >> ANY...
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| 00:31:14 |
DeGette, Diana L. - U.S. Representative, [D] Colorado
PROPRIETARY INFORMATION. I ASSUME WE WOULDN'T OBJECT. >> I WOULD BE AGREEABLE TO WHATEVER THE CHAIR AND RANKING MEMBER -- >> I'M GOING TO TAKE THE POSITION...
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| 00:32:31 |
Stearns, Clifford "Cliff" - U.S. Representative, [R] Florida
WHAT YOU SAID. >> I'M MAKING THE TABULAR PART -- SHE IS NOT OBJECTING SO THE TABULAR -- >> SO THAT'S IN, REGARDLESS OF WHETHER IT'S PROPRIETARY. >>...
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| 00:33:01 |
DeGette, Diana L. - U.S. Representative, [D] Colorado
CAN I SAY, THE TABULAR IS SUCH FINE PRINT, IT'S -- I DON'T THINK EITHER SIDE IS GOING TO LOOK AT THIS. I THINK WE SHOULD MOVE ON INSTEAD OF HAVING ANOTHER...
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| 00:33:22 |
Stearns, Clifford "Cliff" - U.S. Representative, [R] Florida
OBJECTING TO AT THE TABULAR THING. THE MEMO I DON'T OBJECT. >> IF YOU OBJECT TO THAT, OUR SIDE IS GOING TO OBJECT TO THE MEMO -- >> FINE. WHATEVER...
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| 00:34:25 |
Terry, Lee - U.S. Representative, [R] Nebraska
WAS MR. GRIPPO, DID YOU SAY YOU DIDN'T FEEL YOU WERE RUSHED TO PROVIDE YOUR INFORMATION OR -- AFTER THE CONSULTATION, YOUR FEEDBACK? >> LET ME BE CLEAR...
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| 00:34:47 |
Grippo, Gary - Deputy Assistant Secretary
TURN-AROUND FOR OUR CONSULTATION. WE FELT WE NEEDED MORE TIME. WE ASKED FOR THAT. >> BUT YOU DIDN'T FEEL RUSHED. >> WELL, WE ASKED -- WE FELT THAT WE...
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| 00:36:38 |
Burner, Gary - Chief Financial Officer
TO FILE DRAFTED ALMOST ONE YEAR AFTER A CALL WITH D.O.E. -- I'M REFERRING TO THE FIRST PARAGRAPH OF THE MEMORANDUM THAT SEEMS TO BE DOCUMENTING A CALL...
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| 00:40:41 |
Dingell, John D. Jr. - U.S. Representative, [D] Michigan
THIS COMMITEE. I HAVE A COUPLE QUESTIONS FOR OUR WITNESSES. GENTLEMEN, THE ISSUE OF YOUR SUBORDINATION OF THE FEDERAL GUARANTEE AND GUARANTEED LOAN...
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| 00:41:57 |
Grippo, Gary - Deputy Assistant Secretary
MEMORANDUM TO THE GENERAL COUNSEL HAS SOME INTERESTING REMARKS. IT SAYS HERE, BASED ON THE ANALYSIS OF THE DIRECTOR OF PORTFOLIO DIVISION, THE DIRECTOR...
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| 00:47:07 |
Murphy, Timothy "Tim" - U.S. Representative, [R] Pennsylvania
TO PROTECT TAXPAYERS FROM POTENTIAL OR ACTUAL CORRUPTION, INCOMPETENCE, VIOLATION OFFICE LAW OR IGNORING THE LAW, AND THAT'S WHY WE'RE HAVING THIS HEARING....
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| 00:48:05 |
Burner, Gary - Chief Financial Officer
DEPARTMENT OF JUSTICE CONSULTATION? >> IN MY EXPERIENCE WITH OUR CLIENT AGENCIES, WHEN THERE IS A WORKOUT SITUATION POTENTIALLY DEVELOPING, THAT THE...
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| 00:52:43 |
Stearns, Clifford "Cliff" - U.S. Representative, [R] Florida
THAT THE SENIOR LOAN OFFICER, JONATHAN SILVER, WAS AN OUTSTANDING LOAN OFFICER SO THAT IN MIND, I THINK A LOT OF US ARE VERY CONCERNED. SO WE WILL HAVE...
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| 00:53:15 |
Markey, Edward J. - U.S. Representative, [D] Massachusetts
FEBRUARY, WITHOUT KNOWING ANYTHING ELSE ABOUT THIS COMPANY, DOES THAT SOUND LIKE A RELATIVELY HIGH RISK OR LOW RISK PROJECT? >> I'M SORRY. COULD YOU RESTATE...
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| 00:53:33 |
Grippo, Gary - Deputy Assistant Secretary
SINCE FEBRUARY. A HIGH RISK OR LOW RISK? >> IF THE PRICE OF THEIR PRODUCT IS FALLING? >> YES. >> ASSUMING THAT THE COSTS OF THE COMPANY ARE NOT COMMENSURATELY...
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| 00:58:43 |
Burgess, Michael C. M.D. - U.S. Representative, [R] Texas
IMPORTANT PART OF OUR CONVERSATION AND CERTAINLY IS SOMETHING THAT THE MEMBERS OF THIS COMMITTEE SHOULD LOOK AT. LIBYA. LET ME ALSO JUST SAY I THINK...
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| 01:00:38 |
Roll Tape #3, -
GOING TO BE BROUGHT IN ON A TELECOMMUNICATIONS DEVICE. SO YOU WORRY WHEN THEY'RE OUR TIME PRESSURES ON THESE LOANS IF EVERYTHING IS DONE CORRECTLY...
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| 01:01:40 |
Burner, Gary - Chief Financial Officer
THAT KEEP YOU UP AT NIGHT NOW? >> NO SIR. NOT THIS MEANT, BECAUSE WE DON'T MAKE THE DECISIONS ON THESE PROGRAMS. WHEN WE REVIEWED THOSE WE REDO THE...
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| 01:02:26 |
Grippo, Gary - Deputy Assistant Secretary
OF THEM. IF I COULD TAKE A STEP BACK AND SAY IN ALL OF THESE DEALS, THE TREASURY IS LOOKING TO DO TWO THINGS AND WE DID THESE IN ALL OF THE DEALS OVER...
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| 01:05:11 |
Blackburn, Marsha - U.S. Representative, [R] Tennessee
AND PATIENCE TODAY. THIS IS AN ISSUE THAT THE TAXPAYERS CONTINUE TO COME TO US WITH. THEY ARE CONCERNED ABOUT WHAT TOOK PLACE WITH THE SOLYNDRA PROCESS...
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| 01:06:20 |
Burner, Gary - Chief Financial Officer
AGENCIES AND WE MAY NOT EVEN KNOW THAT A WORKOUT HAS TAKEN PLACE BECAUSE UNDER THE GUARANTEE THE AGENCY MAY PAY US DIRECTLY AND LEAVE THE ORIGINAL DOCUMENTS...
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| 01:09:30 |
Grippo, Gary - Deputy Assistant Secretary
MANAGEMENT AND BUDGET GOING UP TO THE DEPUTY SECRETARY AND SECRETARIES WHO WOULD PERIODICALLY REVIEW THE STATUS OF THE PROGRAM, AND AS I THINK THE MEMO...
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| 01:10:42 |
DeGette, Diana L. - U.S. Representative, [D] Colorado
LEGAL MEMO AND THE DRAFT AGENDA WERE THE 19TH, 2011 LEGAL MEMO ON A SUBORDINATION WILL BE ENTERED INTO THE RECORD WITH NO FURTHER ACTIONS. IN TERMS...
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| 01:11:48 |
Terry, Lee - U.S. Representative, [R] Nebraska
CLEAR? ALL RIGHT. MR. BILBRAY, YOU ARE RECOGNIZED FOR FIVE MINUTES. >> THANK YOU MR. CHAIRMAN. SEEING THAT THERE IS A LOT OF STATEMENTS ABOUT AGENDA,...
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| 01:12:09 |
Bilbray, Brian P. - U.S. Representative, [R] California
OF ENERGY. I JUST WANT ON THE RECORD I THINK THAT FINALLY WE HAVE A SECRETARY OF ENERGY WHO IS A SCIENTIST, PHYSICIST, NOT A POLITICAL OPERATIVE, AND...
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| 01:14:30 |
Grippo, Gary - Deputy Assistant Secretary
DO ALL THE DUE DILIGENCE THE DEPARTMENT OF ENERGY DOES. WE ARE NOT PRIVY TO ALL OF THE BACKGROUND INFORMATION. >> THEY DON'T DO ALL THE DUE DILIGENCE...
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| 01:17:49 |
Gingrey, Phil MD - U.S. Representative, [R] Georgia
FOR YOUR PATIENCE. SOME OF THESE QUESTIONS THAT I'M GOING TO ASK ME HAVE ALREADY BEEN ASKED. I HAD TO MISS SOME OF THIS TO DO IN INTERVIEW BUT FIRST...
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| 01:18:37 |
Burner, Gary - Chief Financial Officer
IF THEY HAVE THEIR OWN AUTHORITY THAN THEY WOULD NOT. >> THEN LET ME ASKED MR. GRIPPO, BECAUSE WHAT YOU JUST SAID I THINK IS THE CRUX OF THIS MATTER...
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| 01:19:18 |
Grippo, Gary - Deputy Assistant Secretary
OF THE RESTRUCTURING. WE HAD HEARD THAT THERE WOULD BE A RESTRUCTURING, AND IT SEEMED LIKE GOOD ADVICE IN OUR ROLE TO TELL THEM TO SEEK TO GO TO THE...
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| 01:23:25 |
Scalise, Stephen "Steve" - U.S. Representative, [R] Louisiana
WITH THE FEBRUARY 10TH E-MAIL OF 2011 MR. BURNER THAT IS WHEN YOU SEND AN E-MAIL OVER TO THE DEPARTMENT OF ENERGY AND EXPRESSING YOUR CONCERN ABOUT...
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| 01:24:28 |
Burner, Gary - Chief Financial Officer
INFORMATION FROM THE OFFICE OF MANAGEMENT AND BUDGET THAT THERE WAS POSSIBLY A SUBORDINATION COMING DOWN AND I GUESS YOUR LEGAL COUNSEL REVIEW THEY...
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| 01:27:09 |
Burner, Gary - Chief Financial Officer
STAFF, THE DIRECTOR OF THE PORTFOLIO MANAGEMENT, AND SUSAN RICHARDSON >> AND THERE WAS A GAP FROM THE FEBRUARY 11TH E-MAIL AND THEN THE NEXT E-MAIL...
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| 01:28:49 |
Grippo, Gary - Deputy Assistant Secretary
OF ENERGY'S STATUTES AND AUTHORITIES AND IN NO CASE WERE WE EVER DOING THAT. WE WERE NEVER RENDERING A LEGAL JUDGMENT AS TO WHETHER THEY WERE COMPLYING...
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| 01:30:40 |
Gardner, Cory - U.S. Representative, [R] Colorado
THAT YOUR ROLE OF THE TREASURY DEPARTMENT ARE TWOFOLD, BOTH AS LINDER AND CONSULTANT. AS A LENDER, DON'T YOU HAVE A RESPONSIBILITY TO REFER THIS TO THE...
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| 01:31:02 |
Grippo, Gary - Deputy Assistant Secretary
LENDER? >> IS PROCESSING A LOAN BUT THE DIFFERENT OF ENERGY IS MAKING THE CREDIT DECISION. >> BUT AS A LENDER YOU ARE THE FEDERAL FINANCE BANK. DON'T...
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| 01:36:29 |
Griffith, H. "Morgan" Morgan - U.S. Representative, [R] Virginia
E-MAIL TO FRANCIS AND SUSAN AND I BELIEVE THAT IS SUSAN RICHARDSON, AND ENZUS I APOLOGIZE I CAN'T PRONOUNCE THE LAST MAN IS THAT CORRECT? >> THAT'S...
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| 01:36:46 |
Burner, Gary - Chief Financial Officer
WILL APOLOGIZE TO HER. >> YOU WROTE TO BOTH OF THEM ON FEBRUARY 10TH AND YOU GOT A MESSAGE BACK FROM FRANCIS ON THE SAME DAY THAT SAYS THIS BEEN A GROSS...
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| 01:41:36 |
Grippo, Gary - Deputy Assistant Secretary
THE STATUTE ONLY. >> IF THE HAD AGREED TO FOR THE ENTIRE LOAN IT WOULDN'T MATTER THEY DIDN'T DISCUSS IT WITH YOU IF THEY DECIDED WASN'T A SUBSTANTIAL...
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| 01:42:15 |
Pompeo, Michael "Mike" Richard - U.S. Representative, [R] Kansas
HERE TODAY. THIS IS A THIRD TIME WE HAVE HAD FOLKS COME AND WE STILL CAN'T GET ANYBODY TO TAKE RESPONSIBILITY. WE HAD THE OFFICIAL AND NOW THE FORMER...
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| 01:43:36 |
Grippo, Gary - Deputy Assistant Secretary
DATE THE CONDITIONAL REVIEW HAD BEEN APPROVED WOULD YOU FIND IT ODD THAT YOU ARE STILL MAKING COMMENTS AFTER THAT? >> I DON'T KNOW WHEN THE CONDITIONAL...
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| 01:44:21 |
Burner, Gary - Chief Financial Officer
AT THIS POINT. >> HAVE THEY PAID YOU? >> THEY HAVE AND WILL ACCORDING TO THE DOD. >> WHEN WILL THAT BE? >> WE RECEIVE REGULAR PAYMENTS AND THEN AT SOME...
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| 01:45:09 |
Terry, Lee - U.S. Representative, [R] Nebraska
THANK -- >> MR. CHAIR, I ASK UNANIMOUS CONSENT THE CONTENT OF THE DOCUMENT BINDER BE INTRODUCED INTO THE RECORD AND OF RICE THE STAFF TO MAKE APPROPRIATE...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.