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Issa investigates Abound Solar's bankruptcy

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  • Description

    Green company fails after getting $400 million loan

  • Duration 3:20
  • Date

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This transcript is automatically generated

She loves its promise to -- 15100.

Permanent jobs after it was given.

400 million dollars in taxpayer funds.

Well earlier this month.

A balance solar.

Filed for bankruptcy adding to the list of failed green energy companies and now the entire company and government loan is under investigation.

Joseph -- -- is the chairman of the house oversight and ready he's leading the hearing yesterday you did that yesterday on Capitol Hill leaders it's like today good morning to you -- Good morning Steve and thanks for covering yet another failed a solar project -- -- that again.

-- outside the bounds and the rules for making alone.

And the American people are paying for it.

We'll tell us a little bit about abound solar.

Well I think the most important thing that we saw was the discovery of Jonathan silver and his various other Department of Energy employees.

Who deliberately producing an outside.

The web private emails in which state -- exchange documents strategize dot how to get these loans approved.

And so on something that is first -- -- violation of the law but second of all is is somehow being used as an excuse.

That the Department of Energy doesn't have enough money doesn't have enough technology.

In order to have an effective in -- -- Internet based email system.

So it was a discovery for us that apparently no matter how much money we spend at our highest tech decision making organization -- they can't even do email as well as Gmail.

Well you -- by using the outside email or have an a meeting with somebody a lobbyist across the street from the White House a Caribou Coffee instead we think can do what.

Well I'd say was pretty transparent they're being opaque.

-- they're supposed to be transparent what -- you sorted out.

But when you're exactly right Steve.

By by circumventing these systems they're taking things out of what is statutorily required to be there in other words everything that happens and administration.

Is available for the American people eventually but it's available -- be available congressional oversight sooner as we read these emails.

We see again a strategy of how loaded -- -- the ends justify the means how do we make sure that we get these loans to these companies whether or not they deserve them whether or not -- financial plan is solvent whether or not they're really going to make money without.

A series -- subsidies in the light one of the things videos come to light where apparently the acting ATF alcohol tobacco and firearms director.

Sounds like on a video he's talking.

Directly to whistle blowers to -- in there would be consequences if they do something wrong.

What's that meant to do.

When it was scary and senator Grassley and I both sent a letter to jointly.

Because we're very concerned -- -- it appears to be is a not so veiled threat.

Telling the 18100 men and women of ATF.

Not to do what they did it to expose fast and furious it was whistle -- going outside the chain.

That let us know of the wrongdoing of the US to Justice Department and Eric holder's employees.

He's basically saying no keep it in the chain.

You know Steve we saw them go through the change and I told.

Just keep doing the same thing it was only leaving the chain -- -- that all right our congressman thanks very much for bringing this to our attention.

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