this is where it happens, the production floor of solyndra.e hustling and bustling, now it's quiet. the building is for sale and many big ticket items like this robot still yet to hit the auction block. three auctions to date. one in june still to come. michael lomire is law firming his own design company and at one solyndra auction he purchased six screens for $600. >> you think, i'm gaining stuff because another company had to shutdown. but at least it is getting used. >> reporter: where is the money being generated going? >> shame on the top execs that's all i have to say. >> reporter: he says they fired him and hundreds of other employees without warning. first to get paid back, private investors who dumped $75 million into solyndra. >> wouldn't i be happy if we were able to pay the taxpayers some of their money. they're not going to get all of their money. >> reporter: we asked the justice department if they're taking steps to recoop the money. their response, we will decline comment. according to documents attained by ktvu, more than $81

we were coming to solyndra.ey could have taken us to alcatraz. >> how much is a reaction to them knowing the obama campaign is going piece by piece through the romney resume? how many of that is a reaction saying, fine, you are going to go piece by piece through the presidency? >> that's what's happening right now. this is going back and forth. they were being very secretive about what happened today. take a look at the message discipline that the romney campaign had with this event. there were no protesters or off-script moments out here. contrast that with what happened in boston which was really sort of a circus for the obama campaign. not a clear victory from a publics relation standpoint. romney had a clean event here but there is the issue of timing. as mitt romney stepped off his press bus, all the news networks were switching over to the white house to cover the president with the portrait hanging that was going on with former george w. bush. not exactly a win/win for either side. >> a little advanced 10

. >> what about solyndra? are stepping up what seems to be a coordinated attack on the subject of solyndra. we heard it from the candidate in his campaigning out in california, and now republican national committee video today, we still don't know exactly where mitt romney's going to turn up today or any moment. can you shed light on that? >> yeah. you know, governor romney, we've been talking all week about how solyndra is not only cronyism at its worst but a perfect example how president obama talks about job creators. it's okay to reward with taxpayer money and make risky investments that failed. but the free market is not a place that should thrive. he straddled job creators in the private economy with higher taxes, with the burdens of regulation. he hasn't been a leader on free trade agreements so there are a lot of different areas where governor romney would ableader to make sure that we're taking the burdens off of people in the private sector so that entrepreneurs can start businesses, job creators can

bit of a muddled message. >> bret: solyndra.uess to solyndra to take questions out there. makes the half million taxpayer investment. earlier in week, jay carney asked about the difference between bain, the attacks on bain capital and the investment in solyndra. here is his answer. >> there is the difference in that the overall view of what your responsibilities are as president and what your view of the economic future is. the president believes as he made clear if the president's responsibility is not just to those who win, but those who for an example in the company where there have been layoffs or company gone bankrupt that we have to make sure that those folks have the means to find other employment. >> okay, charles. >> i can't decide if it's incoherent or a non-sequitur, probably both or a combination. look, he had no answer to that. the answer is that if you are the president and in solyndra you can hand out unlimbed amount of money. especially to your cronies and you don't suffer if anything happens. if it goes bust. ex

romney coming to solyndra in fremont. he was talking about the 500 million dollar plus loan the obama administration made to solyndra in order to keep in business going. he was saying that it was idea. but, he says on top of that, the money was going to be made if anybody made it, would be made by the president's cronies. if the business succeeded those cronies would have won. >> if the business failed, as it did, it is the taxpayers that get stuck with losing a half a billion dollars. so, it is heads and his cronies win and tails and the taxpayers lose. >> reporter: what is alsoing there about today's hide-and-seek episode with mitt romney is that he says the reason he didn't make his campaign appearances available to the media earlier, so we could do a little planning rather than have to chase him around today, is because he was afraid that mr. obama's support going to come out and shout him down and heckle him. he took a question from the media about his supporters heckling obama he says it is tit-for-tat, back and for

romney coming to solyndra in fremont. he was talking about the 500 million dollar plus loan the obama administration made to solyndra in order to keep in business going. he was saying that it was idea. but, he says on top of that, the money was going to be made if anybody made it, would be made by the president's cronies. if the business succeeded those cronies would have won. >> if the business failed, as it did, it is the taxpayers that get stuck with losing a half a billion dollars. so, it is heads and his cronies win and tails and the taxpayers lose. >> reporter: what is alsoing there about today's hide-and-seek episode with mitt romney is that he says the reason he didn't make his campaign appearances available to the media earlier, so we could do a little planning rather than have to chase him around today, is because he was afraid that mr. obama's support going to come out and shout him down and heckle him. he took a question from the media about his supporters heckling obama he says it is tit-for-tat, back and for

people hear solyndra and they go how? >> talking about government investment and private enterprise and the riskiness, can obama turn around and say, remember the auto industry? her how we rescued banks? more people know about those things than solyndra, i'm not sure how that's going to work for the romney team to push one thing when many more know about the successes. >> the point on why the obama camp walked into the lair of romney by attacking -- by attacking romney on bayne, you're talking about jobs. that is what the conversation -- the romney campaign wants. so since so many people are unemployed or worried about their jobs, it's a harder job now for obama to not only push away the attack from the romney camp but to defend his own record. so he walked into their territory. >> i'll say two things. we should talk more about the bayne line of attack and whether it is still a potent weapon for the obama re-election campaign. in terms of government investment in new and green technology, this is something we need to do,

>> it was certainly part of the issue for solyndra is that solyndra -- solyndra is a very interesting example of a company that was trying to look longer range about driving down costs and literally got caught up to some large degree by what was going on at that very moment, so the conventional sector for solar has simply scaled faster and prices have come down faster -- >> so in an odd way they were undercut, solyndra was actually undercut by the fact that the chinese spent so much in promoting their own solar industry to make it so much cheaper that they were undercut and that their long term viability became longer term. because they had a higher quality but more expensive product, right? >> what they were doing was looking further down the road and basically the future arrived faster than i think they had anticipated. that happened for a number of reasons. it wasn't just the chinese that had scaled up. we've seen capacity come online in taiwan and other places as well. but the solar market has very rapidly expanded and frankly gotten a little ahead of itself in the last couple yea

john, what about this solyndra? now, rochmney surprises people going and visiting solyndra. this is one of the cardinal failures of the obama administration. president obama does not believe in profits, he does believe in crony capitalism, giving $500 million loan guarantees to failed green energy enterprises. now, john, which do you think is more important in the grand scheme of things? the failure of solyndra or what happened in massachusetts ten years ago? >> well, i don't think there's any doubt that when the voters go to the polls, they're going to be evaluating president obama's record. and his record is material. terrible. added $5 trillion in debt and wasted the money on boondoggles like solyndra and other green energy failures. solyndra is part of a long line as you know, larry, it's not the only one. there are many of these failures that have cost the taxpayers billions and gone repeatedly to people with close political connections to barack obama. that's not just a failure, that's a scandal. >> that's not true. you know, people have been saying this stuff about th

his visit was top secret until just before it occurred. >> have heard of solyndra, they took $535 millionin taxpayer loan guarantees and went bankrupt. >> this is a new advertisement released by his campaign slamming the president for supporting solyndra. he made a visit to the factory two years ago saying that green energy was the future and making loan guarantees for half a million dollars. a year later the company folded line of 1000 workers. the obama campaign released an attack advertisement of its own. an online video called " broken promises ". >> mitt romney was not an effective leader in massachusetts and the proof is in the pudding. >> i have only worked under republican governors, and worked well with all the others but there was not much working with mitt romney. >> but still a lot of people open their wallets for mitt romney at a meeting this morning in palo alto. despite the liberal leanings of the bay area, mitt romney said that he felt welcome here. >> i am delighted with the response i had, particularly in the technology community in northern california. >> he did say why

the influence gop nominee having a news conference at not so ironically solyndra. bob is live where he says the photo opp was timed to coincide with a new attack ad. good morning. >> reporter: solyndra, this building couldn't have been a better place for candidate, republican candidate mitt romney. he has been in town for a fund-raiser. he made an unannounced visit in the past hour to the failed solar company. here to criticize president barack obama's decision to give government-backed loans to the solar company using as an example of failed stimulus project promoted by president obama. you might recall that president obama came here in 2010 to out the solyndra how government can stimulate the green economy, giving $535 million in government-backed loans. it went bankrupt last year. governor mitt romney calling this a conflict of interest, the fact that he believes obama gave this money because these were his friends, his cronies and failed with the taxpayers left holding the bag. governor romney criticizing the president saying this is an example of why this type

solyndra is now bankrupt. the company's biggest investor george kaiser rapalo raised as much as $100,000 for the president's 2008 campaign. here now to sort it all out fox business anchor lou dobbs. number one we have a lot more examples of this. here is the key question, i really don't know the answer to this which is frightening. does everybody do it? all the presidents do it? >> at the margin, most administrations have taken care of their friends quote, unquote, that is given access. i have gone back and i have tried to find anything that rises to the level of what this administration is doing with its officials, time tieing grants contracts to those involved in bundling, executives of these companies that are involved in it. i can't find anything that comes close. >> bill: we gave three examples. and we do have more. but this is a lot of money. but the obama administration says, listen. we need to stimulate the economy. that's why we are giving these loans and grants. we want green energy. we want to get a

solyndra is now bankrupt. the company's biggest investor george kaiser rapalo raised as much as $100,000 for the president's 2008 campaign. here now to sort it all out fox business anchor lou dobbs. number one we have a lot more examples of this. here is the key question, i really don't know the answer to this which is frightening. does everybody do it? all the presidents do it? >> at the margin, most administrations have taken care of their friends quote, unquote, that is given access. i have gone back and i have tried to find anything that rises to the level of what this administration is doing with its officials, time tieing grants contracts to those involved in bundling, executives of these companies that are involved in it. i can't find anything that comes close. >> bill: we gave three examples. and we do have more. but this is a lot of money. but the obama administration says, listen. we need to stimulate the economy. that's why we are giving these loans and grants. we want green energy. we want to get a

this, because on solyndra. talk about, you say the obama administration's hostile to job creators. at the same time solyndra was a part of a solar energy industry that the administration chose to help invest in. can you be both hostile to business and invest in a potential growing business? >> here's the difference. i'm glad you brought that up. the difference is that president obama thinks that politicians can make a better decision of how to grow our economy than people in the private sector and in the real-world economy. you know, they're picking winners and losers, and so far, you know, the only people that have lost out are taxpayers. and, you know, the workers at those companies as well. what governor romney thinks we need to do is take the burdens off job creators. you know, while president obama's rewarding his campaign donors, he's handicapping other job creators. whether it be with obamacare, higher taxes, regulations, you know, these are the types of things that are making it impossible for people in

will mitt romney's strategy of bringing up solyndra work out? corey booker's spokesperson steps down. one of the things we thought you should know. >>> minutes ago facebook shares hit a new low, get this, $28.68 a share. right now the stock is down, almost 10% on the day. right now you see it trading almost at 28.83, if i'm reading that correctly. the initial price offering from over a week ago, it's down 24% from that. >>> the markets are rallying. right now green arrows across the board. dow jones up by almost 80 points. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost. so meet with us, or go to etrade.com for a great retirement plan with low cost investments. ♪ that's good morning, veggie style. hmmm. for

the sun is setting fast for solyndra.ox news a tour of the manufacturing office facility. it has more than 411,000 square feet. state of the art electrical air and power distribution systems as part of the bankruptcy proceedings. solyndra is reportedly very close to landing a buyer for the mammoth high-tech production plant. partly covered up by sheets of paper to filter the sunlight. the glass windows of the very green building create an atmosphere of units. they built the facility from the ground up spending $300 million for a project completed in october of 2010. during a visit that year president obama heralded s solyndra as proof that the promise of clean energy isn't just an article of faith. on the roof the distinct solar array is also part of the deal. the listing agent says there has been global interest in the property bynum russ high-tech manufacturers primarily from europe and asia. the asking price has not been listed. but the listing agent says there is no other manufacturing property like it anywhere for sa

to have solyndra rush to market. fund selectors attempt to commercialize does not stand up to reason. however, politics ultimately trumped reason. the bureaucrats awarding the financial aid were beholden to their political goals. supervisor promised americans that they're going to fix the u.s. economy by creating millions of green jobs. something that could not possibly happen in any timeframe worthy of consideration. the price of solyndra's failures was born by the the american people. as solar 3d's current level of development, our company has a much better chance than solyndra advocate of creating a game changing technology. we have reached this point on the principles of free enterprise of risk and return. without the use of government a. in the end we will become commercial for less than $10 million with the hope of creating a technology that would change the landscape of solar energy. it will be an example of the amazing american economic system at work. government has a legitimate role in supporting basic rese

a surprise stop at solyndra for mitt romney, he says it serves as a symbol of gross waste and failure for the obama administration, it was unscheduled at least from the romney media. he said he did it so he won't be shut down. >> i think they don't want to have questions asked and don't want to have people delve into the idea the president took money and devoted it into a enterprise owned in large measure by his campaign contributors. that is serious conflict of interest. >> he arrived mere from menlo park. after a night of fund-raising he met with technology leaders this morning. >> we talked about immigration concerns, the needs for visas, we spoke about the failure of education in this country and repatriotation tax and how that is making it hards so we talked about a whole series of issues that are important. >> reporter: also out this is a video highlighting news reports about solyndra, the message says it failed and thousands lost their jobs. as for romney he is headed out of the bay area and headed to los angeles for another fundraiser. >> romney held a fundraiser last night at

>> let me finish, this is political, you have the government playing venture capitalism, with solyndra the best brains in the world can't do it and our government can't put together a two-car parade much less do vc and they are on the wrong end and doing it the wrong way. >> wayne, we got the vehicle sales numbers and chrysler, up 20% and a lot of that was with trucks, suvs. >> well, the numbers are somewhat skewed. if you listen to what ford did, ford's demand for fuel efficient vehicles is up 70-some percent and it's not all one way and by the way, it doesn't have to do with that, whether an automobile or not. it has to do with the fact most of the money has been politically oriented and politicized, to the extent you have 13 companies that have received various kinds of tax incentives from the government. it has cost 2500 jobs and over $4 billion, in wasted money. that is the problem, is the fact that, and, by the way, 23 out -- let me finish, jonathan. 23 out of 27 people who got this money, were budonors to the present administration, a politicized thing and they got the money and

. >> reporter: but solyndra has been a disaster for the president.has the company filed for bankruptcy, its offices were raided by federal agents after an energy department inspector general found d.o.e. officials did not provide sufficient transparency in awarding loans. a d.o.e. official connected to the deal, steve spinner, was also a big obama contributor in 2008. >> the decision to put money in this enterprise represents a serious conflict of interest. >> reporter: for days, romney's solyndra event was a closely guarded campaign secret. even in the hours before the san francisco area visit, reporters covering his campaign were kept in the dark. >> we don't know where we're going. >> that's true. >> they could be dropping us off at alcatraz for good. >> a one-way ticket. >> a one-way ticket to alcatraz. there's no telling where we're going. >> reporter: about a half hour after reporters boarded the campaign press bus. >> good morning, how you doing? >> reporter: romney got on as well, and staff members revealed the final destination, they said th

you saw solyndra pop up on the screen. solyndra has failed. you heard 34 billion and the word "failure." now, you're not -- you're processing rapidly. it's going like this in the ad. you're not likely to say 'cause, you know, solyndra was a failure. that was solyndra, 34 billion? was everything else 34 billion a failure? when you see a visual that's strong and you associate it with something that is accurate, ask whether the rest of what you're processing is coming along is misleading you. of the rest of that money, solyndra and a group, i think it's called beacon power, are the two that have failed. we may, as a country, get back some money from them in bankruptcy. but let's assume that we don't, we lose all of those loan guarantees. if we do, it's 2% of the money that's been spent. but that piece is not going to let you ask that because it's moving so rapidly. you've already processed the whole thing has failed because solyndra is svible and available. and we've heard about it in news. and it is legitimately a failure for the obama administr

that was part of the solyndra story. >> part of the issue is that -- solyndra is an interesting example of a company that was trying to look longer-range about driving down costs and got caught up in what was going on at that moment. the conventional solar simply scaled faster and prices have come down faster. >> in that way, solyndra was actually undercut by the fact that the chinese spent so much in promoting their own solar industry. to make it so much cheaper, they were under cut in their long- term viability. it became longer-term. because they have higher quality, but a more expensive product, right? >> they were looking further down the road and basically, the future are arrived faster than they had anticipated. it happen for a number of reasons. it was not just that the chinese had scaled up. we have seen capacity come on line in taiwan and other places as well. the solar market has a very rapidly expanded, and frankly, gotten a little bit ahead of itself in the last couple of years and that has driven down prices sharply. >> mr. jenkins? >> the current markets for today for adv

the president was not personally profiting from solyndra, trying to jump-start an industry.omney was personally profiting -- >> there's at difference, when bain invested money, when the president throws away half billion dollars on solyndra, it's money taken away from -- by the federal government from unwilling taxpayers. >>> i want to get to one of the biggest financial stories of the last year, which happened in the last week, which was the facebook ipo, and liz, you covered this from your perch. this was a disaster. what happened? >> it's a categorical disaster. when all is said and done, it will be the aptly named companyg there will egg on a select group of people's faces. what happened was, nine days before the initial public offering of what was supposed to be the most populous of companies, 900 million members, anyone can join, it's free, they looked at it and saw their numbers, more people are using smartphones to access facebook. and there are no ads on the facebook app. they downgraded their estimates on how they would make money. the problem is, they only told a

spend it on high-speed trains or solyndra or fisker, do whatever you want.vate industry loses money, they're evil. >> bob: what about the defense department loses money on lousy investment? >> eric: we have to give a quick shot out to the president, who is laying it up a with pop star ricky martin at a big nyc fundraiser. coming up, media is focusing on j.p. morgan chase. headlines buried. california billions of dollars in the hole and on the brink of bankruptcy. why isn't the media covering that? fair an balanced discussions on those stories coming up. thanks for babysitting the kids, brittany. so how much do we owe you? that'll be $973.42. ya know, your rates and fees aren't exactly competitive. who do you think i am, quicken loans? [ spokesman ] when you refinance your mortgage with quicken loans, you'll find that our rates and fees are extremely competitive. because the last thing you want is to spend too much on your mortgage. one more way quicken loans is engineered to amaze. ♪ [ male announcer ] american innovation. 29 years ago, it helped us invent t

spend it on high-speed trains or solyndra or fisker, do whatever you want.vate industry loses money, they're evil. >> bob: what about the defense department loses money on lousy investment? >> eric: we have to give a quick shot out to the president, who is laying it up a with pop star ricky martin at a big nyc fundraiser. coming up, media is focusing on j.p. morgan chase. headlines buried. california billions of dollars in the hole and on the brink of bankruptcy. why isn't the media covering that? fair an balanced discussions on those stories coming up. having an irregular heartbeat called atrial fibrillation puts you at 5 times greater risk of stroke. don't wait. go to afibstroke.com for a free discussion guide to help you talk to your doctor about reducing your risk. that's afibstroke.com. ♪ ♪ >> dana: welcome back to "the five." the admission by j.c. morgan chase they lost $2 billion was big news over the weekend and the morning shows today. listen to what ceo jamie dimon had to say. >> heads will roll. three top executives at jp morgan chase, including o