how do you choose -- how did the treasury department first find out about the solyndra loan? >> about the loan itself? >> about the fact that the department of energy under president de palma had decided to go forward with it. we've officially notified or did you hear about it in the press? >> what was the first inkling they are thinking about giving this company $500 million? >> the best dancer was it was in march of 2009 were submitted documents to provide consulted input. >> so you did get an official transmittal from the department of energy? >> yes. >> is that a part of the record we can look out? if not, can they see those documents? the paper provided? >> e-mails or other documents that delivered the term sheet and other related documents. >> chairman stearns made the point that in the law we authorize the loan guarantee, which means the private sector makes the loan and the federal government agrees to pay if there's a default. but in this case, there is not a loan guarantee. the treasury department actually granted a loan. is there a decision document that goes to tha

solyndra stinks. there may be doubts about the wisdom of making these loans. however, to this piece of breaking news, as jessica said, the white house has turned over 70,000 documents and 900 documents from the white house. the issue here at hand is what to do with the president's blackberry. it's unprecedented territory. it's one of the reasons that it invokes the executive privilege to stop this from becoming a political fishing expedition. >> what do you think about this, the blackberry new precedent here? >> remember when obama became president and they said don't carry a blackberry. people will end up subpoenaing you. it's been 2 1/2 years and i think it's like the old days in the clinton administration. bad embarrassing news comes out at 6:30 on friday. >> there isn't a company or government in the world that doesn't use that one. >> i don't think it's going to be legally controversial. if it's the blackberry, the core of his ethic decision making, his diary, that is not something that is going to be turned over unless it's clear criminality. >> let me a

we're not talking about the slen d solyndra loan. this might be worse. >> i know you're worried about making your savings last and having enough income when you retire. that's why i'm here. to help come up with a plan and get you on the right path. i have more than a thousand fidelity experts working with me so that i can work one-on-one with you. it's your green line. but i'll be there, every step of the way. call or come in for a free portfolio review today. and who ordered the yummy cereal? yummy. [ woman ] lower cholesterol. [ man 2 ] yummy. i got that wrong didn't i? [ male announcer ] want great taste and whole gin oats that can help lower cholesterol? honey nut cheerios. if you think even the best bed can only lie there. ask me what it's like when my tempur-pedic moves. talk to someone who owns an adjustable version of the most highly recommended bed in america. ask me about my tempurpedic advanced ergo. ask me about having all the right moves. these are real tempur advanced ergo owners. find one for yourself. try your friends

solyndra received $535 million in loans from the government in 2009. energy and commerce committee. this is two hours and 45 minutes. >> cabinda subcommittee on oversight and investigation and i'll open with my opening statement. we convened this hearing of the subcommittee on oversight and investigation to simply gain a better understanding about the department of treasury's role in reviewing the solyndra loan guarantee, particularly with regard to the department of energy's decision to restructure the loan guarantee and subordinate taxpayers to private investors. while president abominate claims that hindsight is 2020, the facts tell a much different story. recent e-mails produced by the white house and omb as well as a long chain of others clearly show that numerous members of the obama administration from the senior levels in the west wing down to the career professionals and omb and d.o.e. knew that solyndra was a bad bet that was destined to fail. and while the obama administration may not have had a crystal ball, they did have financial models in

jessica broke we see an energy adviser that pushed for the loan raised a half million dollars for the president's re-election campaign. >> solyndra stinks and all of the e-mails show culpable and the wisdom of making the loans. however, to this piece of breaking news, the white house has already turned over 70,000 documents and 900 documents from the white house. the issue at end is what to do with the president's blackberry. it is unprecedented technology territory and that's one of the reasons it makes sense to invoke executive privilege to stop it from becoming a political fishing expedition. >> the blackberry new precedent here. >> when obama came president, people said don't carry a blackberry, people will suppress it. bad embarrassing news comes out at 6:30 on friday. i don't think it is going to i don't think this is going to be that legally controversial. if it's about the blackberry, this is the core of presidential decision making. it's like his diary. that's not something that any court is going to turn unless there is direct proof there's something relative to criminality and it is far from any criminality here. >> ho

jessica broke we see an energy adviser that pushed for the loan raised a half million dollars for the president's re-election campaign. >> solyndra stinks and all of the e-mails show culpable and the wisdom of making the loans. however, to this piece of breaking news, the white house has already turned over 70,000 documents and 900 documents from the white house. the issue at end is what to do with the president's blackberry. it is unprecedented technology territory and that's one of the reasons it makes sense to invoke executive privilege to stop it from becoming a political fishing expedition. >> the blackberry new precedent here. >> when obama came president, people said don't carry a blackberry, people will suppress it. bad embarrassing news comes out at 6:30 on friday. i don't think it is going to i don't think this is going to be that legally controversial. if it's about the blackberry, this is the core of presidential decision making. it's like his diary. that's not something that any court is going to turn unless there is direct proof there's something relative to criminality and it is far from any criminality here. >> ho

the solyndra loan. solyndra loan. michelle is her [ courier ] the amazing story of whether bovine heart tissue can make it from australia to a u.s. lab to a patient in time for surgery may seem like a trumped-up hollywood premise. ♪ but if you take away the dramatic score... take away the dizzying 360-degree camera move... [ tires screech ] ...and take away the over-the-top stunt, you're still left with a pretty remarkable tale. but, okay, maybe keep the indulgent supermodel cameo... thank you. [ male announcer ] innovative medical solutions. fedex. solutions that matter. >> as the white house tries do damage control, tax funded solyndra loan, there is another scandal surfacing. another loan provided sun power, a solar energy company. reports reveal the company received a whopping $1.2 billion federal loan guarantee. that's almost double what so lin draw got. and we are now learning this company, too, is in deep financial trouble. this should come as no surprise. questions are being raised about the tim

how did you -- how did the treasury department first find out about the solyndra loan? >> about the loan itself? >> about the fact that the department of energy under president obama decided to go forward with it. were you officially notified or did you hear about it in the press? what was the first inkling that they were thinking about giving his company $500 million? >> i think the best answer is that it was in march 2009, when we submitted a document to provide consulting input. >> is that part of the record we can look at? maybe see those documents? could they be provided -- >> e-mails or other document that deliver the term sheet and other related documents -- >> chairman stearns made the point that in the law, which authorized a loan guarantee, which means the private sector makes the amount and the federal government agrees to pay if there is default. in this case, this was not a loan guarantee to the treasury department actually granted a loan. is there a decision document that goes through that process and makes the change on the record? >> there are a number of

the secretary signed off on both of these solyndra loans. signed off on the early- 2011 restructuring of the loan. host: we have but wheat from joseph ramirez -- a tweet from joseph ramirez. the phones. patricia, on our line for democrats, with ben geman of "the hill." patricia? let's move on to kenneth. you are n the -- on the "washington journal." caller: i do not understand how we can keep throwing money away when we are broke. we have people in the country who are starving to death. we have old ladies on social security, $500 per month, and it cannot get no help -- they cannot get no help from nobody, but we can give all these people moneya nd we -- money and we can't help our own people? host: how is it determined how the money is going to be spent? we had calls from what sounded like small business people. would they qualify for these loan programs, or are they just huge projects? guest: one is that it costs a lot of money to shepherd the process through. a lot of these companies are raising sources of other investment. i cannot pretend

department of justice approval. >> and that point is related to the department of energy reworking the solyndra loan to essentially make sure that private investors in solyndra would get paid back before federal taxpayers, trace? >> trace: mike, is there any sign this investigation might be coming to a close any time soon? >> not at all. as you said at the top, there are some democrats who say department of energy officials should have been up here today. we expect that they will be brought up here, including the secretary of energy steven chu. but here is more from the house energy and commerce chairman. >> this investigation will continue until taxpayers get the answers that they deserve, regardless of how high in this administration the facts take us. >> and with taxpayers on the hook at a tune of more than a half billion dollars, there are no signs of this investigation letting up. trace? >> trace: mike emanuel live with breaking news on capitol hill tonight. mike, thank you. well, a search for weapons now that could knock a passenger plane right out of the sky. coming up: u.s. forces said to be

tonight, there are reports the white house refuses to turn over internal documents related to the solyndra loan. a major investor was helping the company compete for a lucrative u.s. navy deal just before solyndra declared bankruptcy. allen martin, cbs 5. >>> no charges will be filed in the gang rape case. jeff rosen says there's not enough evidence to prove that a group of baseball players raped a 17-year-old student at a party four years ago that. is the same conclusion the former d.a. reached in 2007, siting drunk witnesses who told conflicting stories. >> sexual assault cases involving highly intoxicated people are extremely difficult to prove. by their very nature, these types of cases involve witnesses whose memories and perceptions are questionable. >> a civil trial held earlier this year found two of the defendants not liable. >>> tonight, we are getting a first-hand look at a dramatic rescue in the east bay. firefighters pulling out two women who are trapped by flames and thick smoke. the rescue from the view of one of the firefighters. >> a heroic rescue all caught on a personal helme

reference to george kaaser - n obamaacampaign bundler and one of the solyndra officials who visited the whhte house at least 20 times during the loanhite house, clearly thh access that this relationship to solyndra, and the vetting prooess would have determmned that thhy were not funds that were given." the new document request follows last weeks release of only by force of subpoena. they reveal the department of eeergy considered a second solyndra loan of $469 million last year, evee s it faced bankruptcc. an omb analyst writes - quote - "possible to close and ddfault on one before closing on a secood??? could be a record." speeking at an energy symposium today, energy secretary steven chu denied that a second solyndda loan was eeer considered.sot - chu says: "... it was not ever n serious contention... here are many, many sseps... so it's not trre." both chu and president obama today againnacknowledged that some loan guarantees would be pisky, but neeessary invessments for thh us to remaan competitivv. as to whetter laws broken? sot - obama says: "... if they violated llws on the books, they need to be prosecuted." but som

they said they've never seen a government loan the way the department of energy handled solyndra, thisllion loan for a green energy company. they also said they'd never seen the idea of putting private investors ahead of federal taxpayers. here's a sample of the exchange from earlier today. >> to your knowledge, do you believe today that the department of energy should have sought department of justice approval? >> yeah. i've said that i believe that they -- that it would have been wise for them to seek department of justice approval. >> so there you have it. a veteran department of treasury employee saying they should have gone to the lawyers over at the department of justice before they went ahead with this idea of putting private investors ahead of the taxpayers. trace? >> trace: mike emanuel live for us on capitol hill. mike, thank you. let's have more on this with the anchor of "fox news sunday," chris wallace. he joins us live from washington, d.c. chris, we went to the trusty brain room on this. the brain room says technically it's not illegal to put the investors ahead of taxpa

solutions that matter. >> as the white house tries do damage control, tax funded solyndra loan, thereher scandal surfacing. another loan provided sun power, a solar energy company. reports reveal the company received a whopping $1.2 billion federal loan guarantee. that's almost double what so lin draw got. and we are now learning this company, too, is in deep financial trouble. this should come as no surprise. questions are being raised about the timing of the lone and the company's political connections. the author of the new york times best-seller, michelle. >> i sense the white house is now being engulfed in scandal. you have the subpoena now of eric holder, you have so lin draw, and i think this is something people understand. you bundle money, get to the white house four times in a week, you get $535 million and it goes down the sue we're, and it seems like the good ole boy system. now you have this case, twice the money, 1.$2 billion, and we have the same scenario unfolding here. what do you make of it? >> it is a fiscal nightmare. and the spawn of solyndra are popping up all ov

. >> meanwhile, the solyndra sc scandal continues to hang over the head. the official in charge of the loan program that offered money to solyndra has resigned. the president pushed back though on some of the criticism of that initiative. >> i heard there was a republican member of congress whose engaging an oversight on this and despite the fact that all of them have been supportive of this loan guarantee program he conclude we can't compete against china when it comes to solar energy. i don't buy that. i'm not going to surrender to other countries technological leads that could end up determining whether or not we're building a strong middle class in this country. we're going to have to keep on pushing hard to make sure that manufacturing is located here, new businesses are located here and new technologies are developed here. >> the president referring to florida republican congressman cliff stearns chair of the house energy committee who said the government should no longer subsidize green energy programs due to their lack of competitiveness. stearns initially supported it and now says

now it's refusing to hand over documents about the controversial solyndra loan.on that. top of the hour. >> and celebrating 60 years of i love lucy. lucille ball after the break. we need to introduce her to our ricky reichmuth. >> i love lucy and lucy loves me. ♪ i love lucy and she loves me. [ male announcer ] for half the calories -- plus veggie nutrition. could've had a v8. plus veggie nutrition. growing the perfect prune plum is an art form. and now, we present a true masterpiece: d'noir prunes. they're delicious. absolutely perfect. d'lightful, d'cious, d'noir prunes, only from sunsweet. kiss those lines goodbye! discover juvÉderm® xc, the smooth gel filler your doctors uses to instantly smooth out those parentheses lines around your nose and mouth for up to a year! temporary side effects include redness, pain, firmness, swelling, bumps or risk of infection. lose those lines! the way you look with juvÉderm® xc, might just change the way you look at everything. ask your doctor and visit juvederm.com. >> america's favorite funny girl celebrating 60th anniversa

loan that happened last week that. put taxpayers back behind the line ever the investors of solyndra. treasury department folks say today they were encouraging the department of energy people not to do this. they were concerned even about the legality of doing that. they raised red flags. we had red flags at the beginning and red flags at the end. >> so there's somebody out there. there's somebody out there who knows something who okayed this is obviously is running for cover. >> we have a portrait of a war inside the administration. it's clear the department of energy wanted something and there were officials inside the office of management and budget and others saying wait a second, let's slow it up. it falls on the department of energy to do all the explain in this. we've seen the head of the loan program under which the solyndra loan was granted resign. >> he was not there when they first started but monitored. >> and as more details come out, as every new congressional hearing unearthed new e-mails. >> this is such incredible blunder. apparently there's at least another one, sola

the department of energy follow the law with loan restructuring including a subordination klaus meeting that taxpayers would be repaid after investors is solyndra file for bankruptcy. republicans say that is it legal. >> you cannot ignore the law. the law is very clear. >>reporter: at the energy department said restructuring the loan was the best chance for taxpayers to recoup their investment and that the law allows the energy secretary and act in the best interests of the taxpayer. newly released e-mail's showed treasury officials expressed skepticism. one e- mail says, they may have stretched this definition beyond its limits. >>vicki: rick perry is powering down in the polls. >>vicki: rick perry held a speech today called energizing american jobs and security. it was also designed to energize his own campaign. >>reporter: looking to jump start a campaign that has been stalled for weeks, rick. laid out a tax is inside the kennedy clan if that he claims will create more than 1 million jobs. if elected president, perry says he will push for new coal mines, even oil exploration. perry would even expand production in the gulf of mexico, a move t

. >>> and republicans ask some angry questions about a possible cover up in the solyndra loan controversy secretary of the united states? stand by. i'm not a number. i'm not a line item on a budget. and i'm definitely not a pushover. but i am a voter. so washington... before you even think about cutting my medicare and social security benefits... here's a number you should remember. 50 million. we are 50 million seniors who earned our benefits... and you will be hearing from us... today and on election day. ♪ today and on election day. ♪ ♪ co-signed her credit card -- "buy books, not beer!" ♪ but the second that she shut the door ♪ ♪ girl started blowing up their credit score ♪ ♪ she bought a pizza party for her whole dorm floor ♪ ♪ hundred pounds of makeup at the makeup store ♪ ♪ and a ticket down to spring break in mexico ♪ ♪ but her folks didn't know 'cause her folks didn't go ♪ ♪ to free-credit-score-dot-com hard times for daddy and mom. ♪ offer applies with enrollment in freecreditscore.com™. an accident doesn't have to slow you down. with better car replacement, available only from

. >>> so did the restructuring of solyndra's loan violate federal law? that's the big issue lawmakers took up on capitol hill this morning. officials from the treasury department were in the hot seat. newly released e-mails show the department was concerned about the fremont solar company's loan. a deal was struck so that the private investors would be paid first before taxpayers if the loan defaults, which it did. >> has there ever in the history of the united states, government taxpayer loan guarantee or money given to investment in private companies like this, ever been subordinated to the private sector in your experience? your answer is yes or no? >> i have personally not been involved infully in any -- >> i can't from my experience. >> in your limited experience have you ever seen taxpayer money been subordinated. >> not personally. >> the obama administration defends the loan restructuring. they say the infusion of cash saved the company from immediate bankruptcy even with the federal help, though, solyndra went bankrupt in august and fired all it

serious concerns on capitol hill over the solyndra loan scandal. istration officials testifying that a multimillion dollar loan for that now-failed solar energy company was very unusual. was it illegal? and prominent democrats calling for a new investigation of america's big banks. one of those congressmen will be joining us next. we're going to ask him if an investigation will help or hurt average americans. every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $7.8 billion to small businesses across the country so far this year. because the more we help them, the more we help make opportunity possible. i'm not a line item on a budget. and i'm definitely not a pushover. but i am a voter. so washington... before you even think about cutting my medicare and social security benefits... here's a number you should remember. 50 million.

recently released e-mails indicate he was involved in the half billion dollar solyndra loan, despite edging to recuse himself because his wife's law firm represented the fremont company. >>> the loan is coming under intense scrutiny from congress. two officials told lawmakers yesterday they had never before seen a restructuring plan in which private investors would be paid back ahead of taxpayers if solyndra went bankrupt. there's now three congressional hearings since the company foiled for bankruptcy last month. >>> pg&e is working fast to replace old gas pipelines before there's another failure or explosion. crews hope to replace more than 1,000 miles of plastic pipelines in the next three years. these lines have been linked to problems including explosion earlier this year in cupertino. pg&e is still conducting high pressure testing on its main transition lines. >> it's part of ouro verde improvements to management program, we're testing and inspecting our lines much more frequently. >> the cupertino blast area is one of the first places that will receive the new pipelines. pg&e i

loan. so if solyndra went bankrupt, they would be paid back before taxpayers. they wanted to know why. republicans continue to pound away on the obama administration half billion loan to solyndra. >> essentially, who knew what and when did they know it? >> the gop is standard. >> there's no criminal or serious behavior here. there was some dumbness. >> these allegations flying around about coverup are exactly the problem with this investigation. >> the white house is defending a $535 million loan to solyndra before it went bankrupt. chains to that loan are sparking new questions. >> i think those are important questions to ask because it looks like there's a cover up. >> solyndra was in financial trouble when the company's investors will repaid before taxpayers if solyndra failed. the change raised concerns at the treasury department. >> i can say the department of the treasury put in view that extreme care should be taken in putting the taxpayer at risk. >> two treasury officials testified friday. the energy department ignored its calls to have the loan changes cleared by government la

reporter: solyndra ran out of money in february and the department of energy agreed that private investors could be paid back ahead of taxpayers in exchange for giving the company more loans. we'll have more coverage during my next update in about an hour. for now we're live in washington, d.c., alison burns, ktvu channel 2 news. >>> well there's word that solyndra's very close to landing a contract with the navy. rockft. recommended them. rockford said it disclosed its stake in solyndra oops. >>> today is the deadline for lawmakers to give suggestions for the so-called supercommittee on how to trim more money from the deficit. republicans say the panel should focus more directly on shrinking the deficit than on creating jobs. the super -- committee only has until november 23rd to issue recommendations. >>> san jose's ten council districts have been redrawn. the city approved the plan this summer t went into effect yesterday. just a few changes were made. only about 2% of the city's population are being moved into new districts. the city updates the district's boundaries every two years when u.s. census figures become available. >>> a victory for wall street protesters in

tonight there are reports the white house refuses to turn over internal documents related to the solyndra loan. the wall street journal reports a major investor in solyndra was helping that company compete for a potentially lucrative u.s. navy deal just before solyndra declared bankruptcy. >>> be kind or else. that's what vallejo city managers are telling workers at city hall. it's not just to be nice. christin ayers on the real motive behind this major attitude adjustment. >> reporter: you can call this a no more mr. mean guy approach the city of vallejo banning bad attitudes at city hall in hopes of bringing in big business. stand outside vallejo city hall long enough and you're bound it hear the complaints. >> you can tell by the body action and whatever, i don't know what you're asking me or that's not my department kind of thing. >> leave your problems at home and leave work at work. >> reporter: terry says when the city went bankrupt, staff was reduced and customer service went out the window. >> i think it's like a hit-or- miss. >> reporter: then there's the permit process, so complex t

now we're going to have more information about solyndra there is news today that there was testimony. the question is who approved the half billion loanmont-based solyndra, and why. those questions are the center of a house investigation into the bankrupt company. >> eamon javers has more on the story. >> to treasury department officials testified on capitol hill today that they have never seen a loan handled exactly the way the solyndra loan was handled by the federal government in their careers. now republicans and democrats during this hearing were contentiously disputing whether or not they should let particular documents into the public record, and who should be allowed to invite which witnesses to hear. both parties had very different takes on exactly what happened with solyndra. >> recent e-mails produced by the white house and omb, as well as a long chain of others clearly show that numerous members of the obama administration, from the most senior levels in the west wing down to the career professionals at omb and doe knew that solyndra was a bad bet that was destined to fail. >> wrongdoing by government officials. just a bad

loan. solyndra laid off more than 1,000 employees. >>> occupying a speech.the media mogul who had trouble finishing any sentence during a san francisco gathering this morning. >>> and the wait is over, let the stampede begin. an an apple legend chimes in after getting the new iphone >>> rupert murdoch delivered the keynote address this morning at an education conference this morning in san francisco. but there was one hitch. members of the occupy wall street movement repeatedly interrupted murdoch's speech while dozens protested outside. as for the speech, murdoch claimed the standards for american schools are lower than the standards for his fox show "american idol." he backed up his claim with statistics if a college testing service. >> three quarters of american students who graduate from high school are not ready to do college morning. three quarters. these are the kids who are going to college. this is not the foundation for a 21st century economy. >> the conference was hosted by foundation for excellence in education chaired by former governor bush. ed

everybody agrees that the solyndra loan hurt.as it because of the expensive factory they built and the conference rooms? or was it because at the same time the chinese put $40 billion into those technologies and flooded the market? or was it a combination of both? what does this mean for future loans? four other companies? anyou cannot ever get economically viable solar company, what does that mean for development of alternative energy in this country? that is a really broad concern we have. host: we go next to christy, a democratic caller from oklahoma. caller: hi, how're you doing? guest: you are on the air. caller: first, let me say thank you for signing up to serve. that is a hard job. my question actually is what you think about someone serving the american people, because it seems to me, listening this morning and just in talking to people, we have become a 10 at second webbed society. we look for a catch phrase and a hot topic, but we do not take the time to investigate an issue unless it is to prove our own point as oppos

they did to shove this thing through. >> the other question, steven spinner who was pushing the solyndra loan had been getting the phone money out. >> steven spinner two weeks out he is working for solyndra. he is not there anymore. >> greta: and last week, i thought he was a scapegoat. if he wasn't there authorizing the loan and i go back to the l.a. times because it's an eye-opener story he was apparently, he is the one trying to get it through. he had his fingerprints trying to move it through. >> that is true. so the e-mails we show i am pushing it, even after he was supposed to recuse himself, he broke the ethics law. >> greta: i would like to get the legal bill. i would like to see what we paid for $2.4 million. and why are we paying for that to begin with? why are we paying for solyndra's legal bills to get money out of us. >> you are a lawyer yourself. obviously you got a good feel for this. they ran through two and a half million dollars. >> greta: we did. >> and taxpayers and now they subordinated all this money to two huge funds. >> greta: get the legal bill. get a copy. congressma

solyndra. the white house ordered an independent review this week. this is the latest response to the criticism over the obama administration's half billion dollar loanthe solar company. less than a year later solyndra laid off more than 1,000 workers and declared bankruptcy. the independent review comes as house republicans are preparing for a possible vote on whether to subpoena white house documents related to the solyndra case. republicans want to know if the obama administration and department of energy folks knew that the company had problems, but granted the loans anyway. >>> 48,000 signatures in the bag. medical marijuana supporters say they've taken a major step to repeal san jose's new pot club rules limiting the city to just ten dispensaries. they delivered 17 boxes filled with signed petition to the city clerk yesterday. the signatures are from voters who want to repeal the new regulation. if the signatures are verified then the issue will go to the city council which could repeal the law or put it on the ballot for voters to decide. >>> the fight between california pot clubs and the feds is gaining national attention. the feds say the nu

review will not cover the solyndra loan itself but it will evaluate tens of billions of dollars in other loans that were made. >>> white house chief of staff bailey issued a statement today saying quote while we continue to make sure the united states remains competitive in the 21st century, energy economy, we must also ensure that we are strong steward of taxpayer dollars. >>> well more to bring enthusiastic friday night on the news at 9:00. just ahead. big bank backlash. how the local credit union could become beneficiary of a growing national backlash against the big banks. >>> him if talk about bait and switch. surprising new investigation reveals why you may not be getting what you are paying for. >> are you ready for a warm weekend? we have one coming our way. i have all the details in the we have one coming our way. i have all the details in the accu-weather forecast coming u pavement and we have a world series champion tonight. sports director larry has a every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for bu

washington post reporting that secretary chu is taking responsibility for the restructuring of the solyndra loane suggesting that that's to shield the white house. do you have the president's full confidence? is there anyone here who thinks he's to blame for what happened with solyndra? >> secretary chu does have the president's full confidence. going to the report, he is the head of that department. the department, which we have made clear, where career professionals have... administered the program, reviewed the loan application and made their recommendations, obviously, ultimately, the head of that department's responsibility for t. but let's be clear, there were numerous people involved who were career professionals and worked on those kinds of issues every day. >> so what do you think about secretary chu? do you think he should be fired or resign or stay put? go to gretawire to vote in the poll and there is a thread specifically about the secretary of energy. coming up, four words you probably don't want your president saying about you. but president obama did. the video and the whole story

solyndra saga. they voted to end the department of energy program that issued loan guarantees to solyndra and other companies. >> that turned friday's hearings into something more than inquiry into one bankrupt company and one disastrous loan. >> i think it is important we don't throw the baby out with the bath water. >> both sides agreed their work was a long way from being over. >> as the hearing showed we are not done. >> the green jobs story isn't simply about a bad investment here a beltway scandal there. it is about the role of government and the use of public dollars to influence private markets. president obama is committed to spending your money to boost industries and technologies that have not gained traction on their own. he says that america's financial future depends on it. and the planet, too. his critics believe that no group of white house advisors or government bureaucrats no matter how smart or enlightened can create real self sustaining jobs. they say when government second-guesses the wisdom of 300 million americans in the marketplace it leads to groene capitalism at best and ec

exactly the problem with this investigation. >> the white house is defending a $535 million loan to solyndra before it went bankrupt. now changes to that loan are sparking new questions. >> i think those are important questions to ask because it looks like there is a coverup. >> reporter: solyndra was already in financial trouble when the energy department changed its loan. the company's investors would be repaid before taxpayers if solyndra failed. the change raised concerns at the treasury department. >> i can say that the department of treasury input and view is that extreme care should be taken in putting taxpayers at risk. >> the energy department ignored its call to have the loan changes cleared by government lawyer. >> absent other authorities, we recommended that department of energy consult with the department of justice. >> reporter: and newly released e-mail said that no consultation took place. treasury department officials wrote in august, we requested in writing that doe seek the department of justice's approval of any proposed restructuring. to our knowledge, that never happen

congress is now investigating the solyndra loan and the white house has ordered an independent reviewrri willis is with us from the fox business network. what do we know about beacon power? >>gerri: an interesting company, an energy storage device operates inside the grid but they cannot make money. it is cool technology. they got $43 million of our money and they cannot make a profit. they got a going concern letter and they are trading pennies on the dollar. >>shepard: what does it mean for taxpayers? gear it is northeast at bad as solyndra which put taxpayers at the back of the line and selling off the pieces but not with this company we are at the front of the line. but there is a lot money out there that the federal government has butt in to the hands of companies just like this with a loan portfolio of $39.4 billion and $24.5 billion has been fine a.m.ized and -- finalized and out the door. >>shepard: the dow is off 200-plus points. >>gerri: people are worried about earnings and the gross of the economy broadly and g.d.p. and as we continue to twist we had a great run up last we

department of energy did, in fact, change some of the language in the new releases surrounding the solyndra loan. >> reporter: somebody over at the department of energy has been going through the west-posted press releases from that department and retroactively changing the details in those press releases. the cdc has been looking at that web site. this is the information on that controversial loan program announcing a $1.7 billion loan guarantee to represent the solar ranch project. that's how the press release was originally posted. now look what it says on the web site today, still dated april 12, 2011, but now they say this project was sponsored by. cnbc found two changes like this in which the only web site that changed is a separately maintained web page managed by services contractors. they said it was inadvertent and it happened as they were trying to update the web site, insinuating that they purchased this from suncor, but instead they went and released them prior to -- >>> first lady michelle obama introduced the president in virginia today, the president stressing that his jobs plan

. >>> the fallout from the solyndra loan scandal continues tonight. ahead, why a top green energy executive who took the fifth amendment is now taking his leave. >>> plus, prosecutors wrapping up their case in the michael jackson manslaughter trial. tonight, their final witness painting a dark picture of what happened in michael jackson's final days. >> shepard: the man prosecutors called the mastermind of a savege home invasion found guilty today on every single charge. the jury in connecticut convicted 31-year-old on 17 counts that included kidnapping, sexual assault, arson and triple murder. prosecutors say he and an accomplice broke into the petit home and held the family hostage and tied up both girls and the prosecutor says he sexually assaulted 11-year-old miyakla while the other man raped and killed the mother. then prosecutors say they set the house on fire, the family still inside. only the father survived the attack. here is some of what he said after today's verdict. >> hearing the testimony and seeing the evidence sort of brings everythin

the white house has handed over 2,000 pages of e-mails related to that controversial solyndra loan. congress is investigating why the administration backed the deal. a year later, solyndra went bankrupt. more than 1,000 people lost their jobs. at issue is how much did the obama white house know about solyndra's financial problems and red flags raised by the energy department. one e-mail from an energy department adviser said the president is, quote, breathing down my neck about this, end quote. and weeks after solyndra collapsed, another solar company is in line to get a greater amount of taxed base financing. but the company insists this time it's a good deal. here now is casey. >> reporter: the remote town in nevada peaks during the early 1900s silver boom when the last mine shut down. >> 1947 struggled. the historic hotel, once nevada's tallest building, closed 12 years ago. but locals say their future is brighter than ever. mines are reopening and 600 new construction jobs with coming, thanks to the sun opinion. >> it's called the crescent dune solar energy facility. this is wher

energy chief counsel offered what she believed was a legal justification for restructuring the solyndra loan. there are two versions of the memo, one obtained by subpoena which is a draft called a memorandum for the secretary. the other was the final version from the dot where the reference to the secretary was removed curious >> why was a subsequent one costs, they felt was necessary to erase his accused republicans of trying to create a scandal. >> this investigation is beginning to resemble a kangaroo court. >>reporter: the original focus of the hearing was whether or not the department of energy follow the law when it agreed to loan restructuring including insubordination clause meaning taxpayers would be paid after investors, it solyndra filed for bankruptcy. republicans say, that is illegal. >> you cannot ignore the law. is very clear! >>reporter: officials see skepticism. >>pam: new at 5:00 p.m., an american catholic bishops facing criminal charges. a high-ranking official is being accused of not protecting the safety of children. >>pam: caught on tape, fronting mollet's or people in

i think we need to have a full and fair gathering of the facts on what happened to the solyndra loan and the restructuring so that we can decide how we proceed further with solar energy and other types of energy loan guarantees and other types of support. despite that, the majority has refused to be minority requests to invite the department of energy officials to the hearing. the majority has rejected the minority request to release the august 2011 memorandum that was produced to the committee. in that memo, the department of energy council provides a detailed analysis of their view of the restructuring issue and position.. the department of energy has also given this committee 65,000 pages of documents to go through. it should go without saying that the department of energy legal analysis of restructuring should be a component of today's discussions. we are having our hands tied behind our backs. that we talk about this memo. on august 17, 2011, the assistant secretary of treasury said in an e-mail, the regulations require that the guaranteed loans should not be subordinate to any l

outrageous fast and furious program where we're giving huge guns to outlaws in mexico or the solyndra loans. there is so much waste. let's begin there. >> you were -- i read your economic plan, which you released just in the past day, that talked about a couple of things you would do on day one. you would want to repeal president obama's health care plan and repeal dodd-frank, which is the financial reform bill. we have a group of entrepreneurs that vote on the plans you put forth. seven of them agree with you, but five do not. even a banker said that he would not repeal it. why are you so addemant on that? >> the problem with dodd-frank is that it drives costs up for the consumer, costs up to get loans for purchasing a house, loans from a bank. it drives up the cost for loans of a business person, for their business. we just saw recently that bank of america was increasing their debit card fee by $5 every month. that's infuriating americans. when the federal government intervenes and has the banking, the insurance and the bank holding companies now become beholden to the federal reserve an

e-mails released today showing energy department advisor who supported the solyndra loan is married to a woman who's law firm represented that company. steve lynner was involved in talks even after recusing himself because of his wife's involvement. >>> the nation's employers added more jobs than analysts expected last month. it still wasn't enough to change the unemployment rate. today's labor department shows an increase of 130,000 job. are 45,000 of those were verizon workers returning from a strike. the unemployment rate remains at 9.5%. >>> the obama administration is making the goal of creating u.s. jobs an international effort. hillary clinton hosted the president's council on jobs today. the idea is to get more investors from overseas to create jobs here in the united states. and one issue is the difficult process of getting a u.s. visa. >> we've cut the time, so in that arena we are making incremental progress. but there are a set of issues that is in another basket and that is how much money we get from the congress to run our visa program and right now it won't surprise you