with solyndra collapsing, omb signed off on a restructuring of the firm's loan... under the new terms, if solyndra went bankrupt, as the firm ultimately did... when it came time to dole out whatever money could be recoveree from the wreckage... the taxpayers were to be placed second, or "subordinated," to solyndra's private investors... chiefly argonaut ventures, whose top executive, billionaire george kaiser, was an obama bundler in 2008. newly released emails show lew did not follow the recommendation of his own analyst... who urged the white house to forget restructuring and cut its losses there and then... advice that, if heeded, would have saved the taxpayers nearly 400-million. "doe's and omb's reviews of the solyndra application were rushed and the quality of those reviews was negatively affected by political considerationsa"aa&" the report found, adding --- "treasury and omb staff believed that doe's decision to subordinate the government's interest to two sollndra investors was not proper and questioned whether this decision was consistent with a provision

if solyndra went bankrupt as the firm ultimately did. when it came time to dole out whatever money could be recovered from the wreckage, the taxpayers were to be placed second or is up boardnated to -- subordinated. the top executive, billionaire george kaiser was obama bundler in 2008. newly released e-mails show lew did not follow recommendation of his own analyst who urged the white house to forget restructuring and cut losses there and then. advice if heeded would have saved the taxpayers $400 million. doe and omb's review of the solyndra application were rushed and the quality of those reviews with negatively affected by political considerations, the report found. adding treasury and omb staff believe that doe's decision to subordinate the government's interest to two solyndra investors was not proper and questioned whether this decision was consistent with the provision of the energy policy act of 2005. >> there is a sense of favoritism and they are trying to kateor to the contributors. ultimately, if we find there is a case of unt

i believe solyndra has some use.yism from -- exposed corporate cronyism that happens under republican and democrats alike. time for a generational shift and change, getting back to letting the market decide. i think there was some use. >> greg: it's beautiful, though. >> eric: aside from the corporate cronyism, you talk about people friends of obama. got a lot of department of energy loans. steven chu said when asked what grade do you give yourself? for the energy loans. how they are doing. he gave himself a-minus. $500 million -- right. he may like the art exhibit. >> dana: a lot of money for art exhibit. >> greg: this is an important part. isn't this our art? don't we own that? >> kimberly: you didn't build it. ve a value and right and pro priortary interest and i want our money back. >> bob: it amazes me you sit next to dana and yet you go back to a intelligent comment. i'm talking to you. >> i said steven chu gave a-minus. >> bob: you said corporate cronyism aside. don't say aside. it's much more important than s

solyndra was bankrupt, the fbi raidingets offices.ow, after 18 months of investigation, the g.o.p. majority staff on the house energy and commerce committee concluded it's clear, doe should never have issued the loan guarantee in solyndra and violated the plain language of the law when it restructured the terms of the loan guarantee. mr. lu in the white house owes the people an explanation. >> and jack lu was the director of management and budget, with solyndra collapsing, omb find off on a restructuring of the loan. under the new terms, if solyndra went bankrupt as it ultimately did, when it came time to dole out what was left, the taxpayers were second to solyndra's prime investors. and billionaire george kaiser was an obama bundler in '08. lu did not follow the recommendations of his analysts urged the white house to cut its losses and advice if heeded would have saved the taxpayers. and reviews of the solyndra applications were rushed and the quality of those reviews was negatively affected by political considerations the report f

. >> we are also learning the white house learned that solyndra was a risk.take that risk with your tax dollars. we will explain coming up. >>> a quick look at the prices at the pump. national average stands at 3.57 a gallon. >> welcome back. 22 after the top of the hour. now looking for possible foul play in the disappearance of hollywood movie executive gavin smith. the 55-year-old father of three was last seen in los angeles three months ago. they questioned a woman who smith was allegedly having an affair with. her husband a convicted drug dealer also under scrutiny. neither is being called a suspect at this time. this is really interesting. could pinecones hold the heat delaying the advancement or preventing alzheimer's disease. they have a chemical which prevents amaloid plaque. they believe it coats brain cells and prevent them from working. >> jewel's job numbers are due out in a few hours from now. what can webbings pekt from the july jobs numbers? joi joining us is charles pain. economists are all over the map about this. >> they are because coming

solyndra was $800 million in debt is when they declared bankruptcy last year. some equipment is getting a new in an art installation. it's generating enough controversy as the company itself. >> tucked into the berkeley hills and oasis of greenery is uc berkeley's botanical garden. varieties of plants spread over 34 acres set far away from controversy. when the architect created an art installation here from glass tubes, he no idea they would end up lightning rods in a sparring match. >> the inspiration was a material was glass rods. >> worry fremont-based solyndra went bankrupt, they left glass tubes in the san jose warehouse. they figured they would be perfect for an art installation in the natural discourse exhibit. >> we thought this could be an excellent vehicle for the light and sound and air. >> his piece inspired discourse and republicans and conservative groups seized on the connection of the obama administration's $535 million loan to solyndra. >> there was a politician who put out a press release, calling it the most expensive ever made. >> i would p

>> romney did make a visit to solyndra recently but even that was soft pedaled.olyndra was infamous with its bankruptcy. this was the worst for the obama camp. the unfortunate optics of a sitting president using solyndra as a backdrop for promoting jobs so it is a natural target for tonight's speech. >>> environmentists wouldn't see it this way. good news. we are using more gasoline. californians burned 1 million, 28,000 gallons of gas the last month. good news bus energy consumption is a sign the economy is getting better bus people and products are moving around. diesel consumption is an even better indicator because now we are talking trucks and trains and that was up 7% from last year. marla and jon? >> that reminds me. i only have seven gallons left in my tank -- no, seven miles left. >> thank you for the reminder, scott. >> let's check back in with meteorologist christina loren sprinkling good vibrations toward the holiday weekend. >> it is the unofficial end of summer but we will get spoiled with some gorgeous conditions all across the bay area. whether yo

solyndra is about to go under apparently and the reply, ug. had.r e-mail exchange from 2009 the ceo of the company appeared to label president obama's administration as the bank of washington. now virginia congressman randy forbes, a republican, a member of the house judiciary committee looking for answer on this. sir, good morning to you back in your home state of virginia. >> good morning, bill. bill: put this together. what does it tell you? >> bill, first of all if this doesn't outrage every american taxpayer i don't know what report will do it. what this shows is that omb personnel and employees were worning the director, warning members of this administration that the 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 bad deal initially. but when they found out about it, they doubled down, they restructured the deal to help private investors who helped the president in the campaign. instead of costing taxpayers $141 million, it cost the

they ran an 18 month investigation into solyndra. they went bankrupt. the report said white house office of management and budget new china's effort could hurt solyndra. >>> a big recall of meat and poultry salad products that might be contaminated with listeria. 13,000 pounds have been recalled of package salads. they contained diced salads that could possibly be contaminated. there are no reports of illnesses from the products. for a list of the salads and where they were sold go to www.ktvu.com and click web links. >>> investigators say the irs may have sent $5 billion in refunds to identity thieves who filed phony tax returns and $21 billion could make its way to thieves over the years. officials worry it could undermine public confidence in the tax system. in was tied to 2100 returns with a pay out of $3 million in refunds. >>> investigators say three flights came within seconds of colliding with each other in the walked area this -- washington, d.c. area this week. >> we are trying to figure this out. >> the faa blames miscommunication among air t

solyndra received 535 million dollars in loan guarantees before it shutdown last august laying off 2,000rs. >>> straight ahead, an appeal for peace. dozens sound off in san jose over the wisconsin sikh temple massacre. >>> surprising results about the clarity it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free has more cleaning power than bleach. how? the secret is hydrogen peroxide. it attacks tough stains and kills 99.9% of germs. new lysol power & free. powerful cleaning that's family friendly. another step forward in our mission for health. that's why lysol partners with schools to help teach healthy habits, habits you can reinforce by adding lysol wipes and no-touch hand soap to your back to school list. learn more at lysol.com/schools could be home to bacteria. so use lysol disinfectant spray on soft surfaces everyday when you're cleaning up to kill 99.9% of bacteria. lysol. mission for health. -- >>> severe weather possible from south carolina up to

they went to companies like solyndra with their connections, subsidized jobs and make believe markets. the stimulus was a case of political patronage, corporate welfare, and cronyism at their worst. you the american people of this

this solyndra witch-hunt goes on and on and on rather than committing jobs.imes high tech ventures fail. >> 165 billion? that's a lot of money. >> for every google, every facebook. you know how many companies that didn't do well. this is high tech and cutting edge. >> here is the thing, john, really the hardware store owner has to give an arm, first born and probably 300 documents to get a small business loan. you know these guys in a record amount of time were able to get $535 million. i mean, i just felt bad for small businesses they don't get the same treatment. >> you love america, right? >> yes, of course, you want america to be energy independent it ain't happening with coal and oil. >> could have been taken if we could have taken $535 million and had more clean coal energy instead obama administration has killed coal industry something we know we have. as well as natural gas. drill offshore. >> juan: let me say here this investigation was not bipartisan it was done by republicans with the intent to embarrass the white house. does that undermine the pow

there will be solyndras. if 100% was succeeding, that would mean something was going wrong after the initial investment in the government is propping them up. you get your money. you prove your reservist -- you deserve it as opposed to checking the box is that you did this study, qualify, comply with regulations. this is different. you have to show that your project is worthy, that you have a solid business plan. they will bring in independent investigators and then they will actually make choices. some of those choices will go back and people will yell at them. that's fair game. as opposed to the usual way where they give everybody money, they comply with the roles, so it's not our fault. one guy in the white house told me that some people get pell grants and other tuition assistance will end up drunk on the street. the company's second tax breaks will end up going under. and as always happen that way. these are really high-profile cases. host: we have scratched the surface of the new new deal with mike grun

the controversial loan to solyndra is a key issue in the presidential race with republicans saying thed stimulus that was intend job creation. solyndra received 535 million dollars in loan guarantees before it shutdown last august, laying off nearly 2,000 workers. >>> as parents we've noticed the back-to-school bargains are here. this year they include a lot of freebies. bloomberg report coming up. >>> an appeal for peace. dozens sound off in san jose over the wisconsin sikh temple massacre. >>> surprising results about the clarity of lake tahoe. release me, momigus! that's mom to you. and you should eat something that's good for you before you go outside. never! come on james. it's a new fiber one chewy bar. chocolatey and delicious. fiber one chewy bar, huh? mmm. refueled space captain james. [ male announcer ] new fiber one chewy bars. great taste kids love plus calcium and fiber kids need. >>> welcome back. temperatures from comfy 66 at half moon bay to 70s and 80s around the bay inland 90s and 100s. live doppler quiet we did have storms over the high country yesterday afternoon an

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the building that used to house solyndra is in the process of being sold. how this could be a good deal for the whole city. >> reporter: we were able to confirm late this afternoon that an agreement to buy this building here behind me has been reached. tb the deal goes through, you can expect more jobs here in the city of fremont. as the mayor of the city told me, it is time to wipe that name off that building. the former home of solyndra, a 31,000 square foot state of the art facility. >> there's no asking price. >> reporter: it's been on the market for months but not more much longer. >> reporter: roger is talking about sea gate technology. the bay area company makes hard drives and storage devices and it's now looking to buy the former headquarters of abrupt solyndra. seagate employees are starting to hear now, a company employee sent me this statement, saying seagate has entered into an agreement to purchase the build. if and when the purchase is complete, we will provide our plans for use of the building. >> we know seagate. we like them. >> reporter:

the true engine of economic growth will always be companies like solyndra.i's be america's business. lou: solyndra is abandoned building now of art and real estate at taxpayer expense, of course. first it was tropical storm isaac, and then vice-president biden heading to tampa. now the republican national convention has more unwelcome visitors. it turns out tampa's mayor is a fan of the occupy protesters. he is cute, too. ♪ we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ lou: our next guest is the lead attorney in a federal lawsuit against a man security secretary janet the public on out and immigration and customs enforcement director john warden, representing ten

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president obama himself toured solyndra's california plant back in may 2010.m would go bankrupt with the fbi raiding its offices some 15 months later. house republicans have zeroed in on the original decision to use obama stimulus funds to provide more than half a billion dollars in loan guaranties to solyndra. also the subsequent decision, when the firm started failing, to restructure those loans, in a way that insured that private investors, including a key obama bundler would be first in line, not the taxpayers, to recoup lost fund in the event the firm did go belly-up as ultimately happened. newly-released e-mails showed an aide to white house budget director jack lew warned against restructuring the loan, arguing if the government cut its losses the hit to taxpayers could be held to a mere 140 million. doe and omb's review of the solyndra application were rushed this report find and the quality of those renews were negatively affected by political considerations. treasury and omb staff believed doe's decision to sub bored nate the government's decision to

the true engine of economic growth will always be companies like solyndra.ali's be america's business. lou: solyndra is abandoned building now of art and real estate at taxpayer expense, of course. first it was tropical storm isaac, and then vice-president biden heading to tampa. now the republican national convention has more unwelcome visitors. it turns out tampa's mayor is a fan of the occupy protesters. ♪ lou: our next guest is the lead attorney in a federal lawsuit against a man security secretary janet the public on out and immigration and customs enforcement director john warden, representing ten agents. a lawsuit maintaining the obama administration is forcing its agents to break the law. joining us now, chris kovac also the kansas secretary of state, co-author of numerous into illegal immigration state laws. good to have you with us. this is remarkable that agents have to sue the secretary of the apartment in which they work so that they can enforce the law. >> yes. it is amazing. she has put these ages between a rock and hard place. basically, ther

still in your teeth. >> steve: stunning new report this morning just released about solyndra.se investing in the company was a losing bet? let's find out right now, dara torres. >> brian: peter doocy has been scrambled to tell us this story, right? >> steve: right. >> the latest estimates are taxpayers are only going to be able to recover about $24 million of the $527 million they loaned solyndra. that's loss of $503 million. there is a report in the "washington post" based on excerpts from an 18-month-long congressional investigation suggesting that some staffers in the white house's office of management and budget were sending e-mails around a few years ago as soon as solyndra's financials got dicey, warning about the risk of restructuring their loan to favor private investors over taxpayers when it came to repayment. with one analyst even urging his bosses to just cut their losses and sell off the government's stake in solyndra, as others wondered if the money they were giving them was even enough, writing, quote, with increasing competition from china and other low cost co

the true engine of economic growth will always be companies like solyndra.ali's be america's business. lou: solyndra is abandoned building now of art and real estate at taxpayer expense, of course. first it was tropical storm isaac, and then vice-president biden heading to tampa. now the republican national convention has more unwelcome visitors. it turns out tampa's mayor is a fan of the occupy protesters. he is cute, too. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood

the true engine of economic growth will always be companies like solyndra.s be america's business. lou: solyndra is abandoned building now of art and real estate at taxpayer expense, of course. first it was tropical storm isaac, and then vice-president biden heading to tampa. now the republican national convention has more unwelcome visitors. it turns out tampa's mayor is a fan of the occupy protesters. fan of the occupy protesters. he is cute, too. these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. ♪ lou: our next guest is the lead attorney in a federal lawsuit against a man security secretary janet the public on out and immigration and customs enforcement director john warden, representing

we did contact solyndra's bankruptcy attorney. she declined to comment for our story. >> thank you, david. >> coming up new tonight we're live with a follow up to the chevron refinery fire. there has been a key development preventing the investigation from going forward. >> and an east bay womens' shelter now facing eviction. deadline is tomorrow. there are no good options left. >> and there is a story that will help you sleep. the number one cause of insome kneea and best ways to beat it live back now to lake county wildfire that is burning. two fires have been combined into one. that is how cal fire views it. 5,000 acres burning just 25% contained. stay with us.or >> closed captioning brought to you by mancini sleepworld. >> two of san francisco's well known personalities are dealing with a challenge tonight. and abc 7 news is here now with a story of the brown twin autos they're in the hall of fame, now fighting to stay in the city they love though the health care they now need is hard to find and it's really expensive. >> i'm

. >> heather: scathing new government report is shedding light on the solyndra collapse.any failing after receiving more than half a billion dollars of your tax money in loans. now we're hearing about bold new accusations and the white house firing back. chief washington correspondent james rosen reports. >> this was the high point for solyndra when president obama toured their northern california plant. under the obama stimulus program, the department of energy had extended 53,035,000,000 in loan -- 3,535,000,000 in loan guarantees to help them expand. a move the white house said would create at least 4,000 job jobs. 15 months later, solyndra was bankrupt. the f.b.i. raiding its office. now after 18 months of investigation, the gop majority stamp on the house energy and commerce committee has concluded it is clear doe should never have issued the loan guarantee to solyndra and they violated the plain language of the law when it restructured the terms of the loan guarantee. >> mr. liu and the white house owe the american people an explanation. >> in february 2011, jack li

the request was made two months before solyndra was bankrupt. e-mails showing they expressed concerns about the program. they were over ruled chief of staff william daley. trying to distance himself from the loan program. the white house says final decisions were made only by the energy department. the e-mails don't indicate whether or not that briefing actually took place. >>> president obama's personal plans to let young illegal immigrants stay in the u.s. causing internal struggles at the department of homeland security. fox news obtaining a draft document revealing it is having issues with implementing the plan. admitting those on the verge of deportation could use the new policy to stay here. it piers to show the plan gives safe harbor to criminal illegal aliens. jeff sessions is outraged saying quote if this stays in effect i say this ends the ability to have effective border security. >>> the state of california is now suing one of the nation's largest military charities. it claims the directors of that charity spent millions of dollars o

first, republic lawmakers say the white house ignored warning science about the solar company solyndra and that it cost taxpayers hundreds of millions of dollars. but democrats are calling the report partisan and one-sided. solyndra went bankrupt last year, i'm sure you remember, after getting half a billion dollars in government loans. house republicans say the energy department never should have a proved the deal in the first place. they say taxpayers took an even bigger hit because jack lu didn't listen to his observe experts. >> jack lou, now the white house chief of staff ignored the warnings of his own office of management and budget staff and failed to shut down solyndra, which cost taxpayers hundreds of millions of dollars. i think mr. lu in and the white house owe the american people an explanation as to why they squandered hundreds of millions of dollars. >> shepard: the white house says this was a merit-based decision and the president overwhelmingly believes it was the right decision to invest in clean energy technologies in this country. a key figure in the fast and furiou

solyndra's closed its doors a year ago on the taxpayer's dime. tonight they are on the hook for millions more after breaking the rules on layoffs. that story is up next. plus, the rough and item am world of politics. romney's new running mate gets cheers and years. complete >> dan: good evening, workers who abruptly lost their jobs at solyndra learned today they are getting a break. the company defaulted on a huge federal energy loan but has agreed to a multimillion dollar settlement to the workers it fired. here is david louie. >> with rare exception company laying off 50 employees must give them 60 days notice. it was shock when the 1,000 workers were let go one morning, just days before the company filed for bankruptcy. peter spent four years there will be one of 1,000 in the $3.5 million settlement. >> i'm happy for the employees. finally they got some closure. >> he was an engineer at solyndra. he sued the next day complaining that top level executives were given bonuses to stay on while he and his co-workers got noth

. >> the former headquarters of solyndra are set to be sold, the oakland tribune reports that they have a tentative deal in the works to buy the buildings in fremont that has been empty since a solyndra file for bankruptcy last year, no word on what the technology firm will do without all complex. a nervous for stay for class's foreign ministers at uc-berkeley as they sound alarm over the university's budget. cate caugurian is here with how they are dealing with the state's financial crisis. >> top university leaders hosted a meeting on the first day of classes at cal to make one point clear. >> even though we face enormous challenges and even though the cuts in state appropriations are simply bad public policy, berkeley is on the path that we can continue to push in. >> the state dropped a quarter of a billion dollars from school funding over the past 10 years but the university is still excelling in what they call state financial turmoil. >> berkeley has been incredibly successful. >> regions have endorsed the governor's proposition 30 which would temporarily increase personal taxes b

i mentioned how there was no political pressure on the solyndra case. i don't even want to start correcting your facts on that one. it turns out there was a loan where there was an appropriate political pressure for a company that president obama made a promise in ohio during his 2008 campaign that he was going to help these guys and the department of energy rejected their application for a loan just like solyndra's and the guy who rejected it was called into the white house situation room to talk to valerie jetblue edge you know the president made a campaign promise on this and he said i know and she said what is going on and started to explain why they were rejecting a loan and even if you gave them the loan that would not be enough to build their factory and she said if you are sure you better be sure. he was actually shore and to their credit they let him reject the loan and the white house has gone out of their way to help in other ways. the long winded way of saying i hold no beliefs with the president. i came out as a reporter. the facts don't ad

. >> solyndra, how much money did the taxpayers lose on solyndra? [no answer] >> anyone? anyone?e you heard of solyndra. fast and furious. are you guys concerned about that at all. >> what are you referring to? >> pakistan? >> no, that was mexican border. >> do you know who is running for president? >> no. >> are you a tea party type of girl. >> i guess so. >> do you know what the tea party is? >> no. >> i feel like fox news is factually inaccurate. >> you can name one lie we told. >> let's see. >> you don't like america. >> i would rather live in a country that considers itself as neutral. >> take your time. >> i'm trying to think of the best lie. >> everything is under control. just relax with me. >> it's not live. >> we're good to go then, hold on. >> are you a fox news fan. >> i do watch fox a lot. [inaudible] purdue? >> like the chicken guy. >> he is off the air now. >> is he? >> he still has got the chicken out. [ laughter ] >> what's the matter, chicken? >> ross perot. >> ever watch fox news? >> can i just end this right now because [bleep] gallery. camera over your should

patti ann: the solyndra scandal far from over.eport on the solar company's collapse. the warnings top officials reportedly ignored. dollar commitment to support scientists studying the environment. dollar and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues... but that doesn't mean our job is done. we're still committed to seeing this through. bill: there is an investigation underway on this fox news alert. twtoo close for comfort. a terrifying close call that involved three airplanes at reagan international airport in washington d.c. 12 seconds, that's how close to disaster three jets came. the problem was this, an incoming storm forced in coming outgoing planes to change course to get around the storm. the problem is not everyone in the tower or the pilots got word of the traffic change. that is an issue. 12 seconds the difference. in the end it was okay. another alert, a brand-new report shedding light on the s