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E-mail shows ex-Solyndra CEO thanked 'Bank of Washington'

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    Republicans say findings in new report should 'outrage' taxpayers

  • Duration 3:31
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Stunning new insight into the collapse of the solar power companies sell -- which cost taxpayers half a billion dollars.

There's an email exchange between top White House staff percent just before Solyndra went belly up.

It reads in part this is going to be a real pain so lender is about to go under apparently and the reply.

-- In another email exchange in 2009 the CEO of the company -- to label president Obama's administration.

As the bank about Washington.

Now Virginia congressman Randy Forbes a Republican member of the House Judiciary Committee looking for answers on this sir good morning to you back in your home state there Virginia.

Good morning bill put this together -- to tell you.

Bill first of -- if this doesn't.

Outrage every American taxpayer I don't know what report will do it what this shows is that oh in B.

Our personnel and employees were warning the director warning members of this administration.

That -- policies that they were using for Solyndra might be illegal but certainly were bad for the taxpayers of the United States.

It wasn't just that they had made a big deal initially.

But when they found out about it they doubled down they restructured the deal to help private investors who would help the president and the campaign.

And instead of costing taxpayers a 141.

Million dollars it cost them over 500 million dollars and what's even worst bill.

We found out now that.

And the OMB director that covered this up is now the current chief of staff of the White House.

House White House is -- to -- Jack Lew what about this comment about the bank of Washington.

I mean what what what -- you notice what that means there.

John what what they -- -- -- bill what they were doing is they were showing.

In here that.

-- even some of the investors in -- -- were questioning how the government was spending taxpayer money and they were using big government not just this an opportunity to get these funds but then they were going back to big government and saying you've got to create the market Bob buying these products and then using terms like the bank the Washington because they just felt.

That Washington could.

Spend any amount of the taxpayer monies and they just double -- you know -- your allegations go to crony capitalism.

Can you prove that.

I think the email speak for themselves when you look -- Bill and you see what this report says.

But that the big thing about this report deal is it shows -- a lender is a perfect example what the administration is doing with the economy.

They come out with these policies that don't work.

Then what they don't work instead of changing course they double -- Then they covered up four up from the American people and they do this all up for one reason.

Because they have to push this agenda and because it's important for them from political reasons and don't worry about the taxpayers of the country to other things -- 18100 workers lost their jobs.

When cylinder when belly up and and there are more and at other companies there but you believe congress can't do much about this.

Why not.

Well I think well first of all we've got a limited time between down the election in the lame duck session.

I think.

If we're gonna get this change bill this is going to be the American people that are gonna have to change if they're gonna have a great opportunity do that November and so we're just tired of the country going this direction we're gonna turn around start thinking about taxpayers and start getting some policies -- -- get this economy going and I know you're hot on this and we'll see where -- -- okay Randy Forbes of Virginia thank you sir for your time today thanks bill --

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