stover? >> yes. >> in that case would you please identify your counsel for the record each of you. mr. harrison please identify your attorney by name. >> mr. walter browne. >> mr. stover? [inaudible] >> thank you. at this time would you please rise and rate your -- right hand and i will swear you in. and i need you to make sure your mic is on. do you both swear that the testimony that you are about to give is the whole truth and nothing but the truth so help you god? thank you mr. harrison and thank you mr. stover. the chairman recognizes himself for questioning of the witnesses. and i should read less than two minutes, hopefully. mr. harrison and mr. stover, with every document and piece of information you submitted to the department of energy and the white house office of management and budget of the united states congress and your investors accurate, complete and to the best of your knowledge? >> mr. chairman i have tremendous respect for the subcommittee and the important oversight role t

stover >> that chairman recognize and his self in questioning the witnesses i should be less than twoutes mr. harrison mr. starr was every document and piece of information submitted to the department of energy in as an accurate and complete and to the best of your novel >> mr. chairman i have respect for the subcommittee as much as i wish to answer the question i have been advised by my counsel to assert my constitutional right and decline to answer under the fifth amendment i hope i have an opposite trade to assist in the future on the of my semi turning i must decline >> mr. stover >> i respectfully decline to answer any questions by this committee or subcommittee i trust the member of this subcommittee have great respect by this amendment >> nesters down or knowing your financial situation in mid july are you aware that they painted such rosy picture to members of congress and department of energy and did you discuss with mr. harrison >> on a price of my counsel on the fifth amendment of the concert i respectfully decline to answer >> my time is expired and now we will go to the g

stover? >> mr. chairman, on the allies of my attorney, i respectfully declined-- advise of my attorney, i respectfully decline to answer any questions from this committee. >> know when the financial conditions of the company in mid-july, were you aware of mr. harrison coming to congress and painting such a rosy picture of the company? review review all of the information being submitted to members of congress? review discuss it with mr. mr. harrison? >> on the advice of my counsel, i invoke the privilege afforded under the fifth amendment of the constitution. >> my time is expired. i will go to the gentleman from texas. i am sorry. i think we are going to go five minutes on this side and then five minutes on their side? . >> could i inquire of the chair if the witnesses were given the opportunity to get an opening statement? >> they were not. >> they were not offered an opportunity. >> they are welcome to speak today. >> i would ask unanimous consent for them to be given the opportunity to make a st

stover also served as cfo at micron technologies from 1994- 2007. tenure came at the same time as a justice department investigation in to a price fixing scheme with four other computer chip companies, one micron employee ever went to jail. >>> checking in with sal for a look at traffic. happy friday. >> happy friday, pam. traffic is moving along well around the bay area. if you are looking at the east shore freeway, we don't have the road work we typically have. all the lanes are open here as you drive towards the mc carthur maize to the oakland side. the fog is is not thick here. not thick at the bay bridge toll plaza. you might be driving in to it as you drive in to san francisco. this monning in the south bay, cheer here in downtown san jose. weather and traffic wise, looks good on 101 and 280, 85 as well. let's go to steve. >>> couple of things going on, the cold front to the north, kinds of stalling out. fog is underneath that, shallow, high pressure clouding between and a low spinning in clouds. a possibility of thundershowers mainly santa cr

stover. >> on the advice of my counsel i invoke the privilege afforded by the fifth amendment to the>> greta: members of congress firing away at the energy company but getting nothing return. some of the 11 employees who have lost their -- some of the 1100 employees who have lost their job has plenty to say. one woman says she was warned the company wasn't doing well. others say they saw the wasteful spending as soon as the government loan went through that infusion of money made people sloppy. griff jenkins spoke with two former employees. >> reporter: it has been three weeks since the devastating and abrupt news hit 1100 employees here at solyndra in fremont, california. that their jobs were again, health benefits, vacation pay, stock options, evaporated. in that time the fbi has the homes of some of the top executives. now two of those executives the president brian harrison and the chief financial officer bill stover refuseed to testify in washington. we have attempted to seek are not willing to talk to us. we sit down outside the oftens of solyndra with some of the former employ

now, the bankrupt company's ceo brian harrison and chief financial officer bill stover say they won't testify about the $535 million federal low and will plead the fifth. solyndra is being criticized for how the money was spent. the "washington post" reports $344 million went towards the construction of a new factory in fremont, unknown amounts spent on a brand-new unused equipment and a state-of-the- art conference room with glass walls that could be made opaque at the flip of a switch. >>> u.s. stock market futures are pushing lower this morning. the dow, nasdaq and s&p all plunged yesterday. stephanie chuang with what is happening in world markets just ahead of the opening bell. >> reporter: good morning. a huge sell-off the last two days. the biggest plunge since november 2008 in fact. now, again, all eyes are on the global markets and u.s. stock futures to gauge our numbers on wall street today. in just about an hour and a half the opening bell hits. now, the stock futures today actually showed some hope. they started up, but now they are in the red. right now just checking dow j

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. >> while harrison and the vice- president stover invoked their 5th amendment rights and opted not to answer any questions, republicans also used the hearing to take on the obama administration for okaying the loan, they say all federal loans from the department of energy are now under scrutiny. >> i only wish we have could have appropriated more money invested in crime scene tape and taken it down there and circled their building. >> democrats are accusing republicans of putting on a show. >> republicans in congress are now dancing on their grave but they seem to have a case of collective amnesia, it wasn't too long ago they were urging the department of energy to award loans and loan guarantees to companies in their districts. >> it is also facing a justice department investigation and here on capitol hill republicans are yowfsing all of this to try to make big cuts in the federal loan program that provided that loan in the first place. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >> after a brutal week on wall street stocks are mixed right now. this foll

stover. >> on the advice of my counsel, i invoke the privilege afforded me by the 5th amendment of the. constitution and i respectfully decline to answer any question. >> holman: two congressional committees, plus the energy department's inspector general and the justice department are investigating the solyndra case. those are some of the day's major stories. now, back to jim. >> lehrer: and we turn to the changes in a landmark education law. tom bearden starts with some background. >> reporter: amid bipartisan praise, president bush signed "no child left behind" into law in 2002. the sweeping education reform sought to make sure more public schools and more students performed up to expectations. but almost ten years later president obama said today, the law was not working. >> i want to say the goals behind "no child left behind" were admirable. and president bush deserves credit for that. higher standards are the right goal. accountability is the right goal. closing the achievement gap is the right goal. and we've got to stay focused on those goals. but experience has taught us that

stover.an two minutes, hopefully. mr. harrison and mr. stover, we're very -- was every document and piece of information you submitted to the department of energy and the white house office of management and budget, the united states congress and your investors, accurate and complete to the best of your knowledge? >> they didn't answer, of course. they used their fifth amendment rights against self-incrimination. those executives ran a company called solyndra. it made solar panels and was the star of president obama's push for clean energy and green jobs. he visited the plant may, 2010. solyndra also received a half billion dollars in government guaranteed loan, money u.s. taxpayers now have to pay back. congress is looking into how much pressure the white house put on regulators to approve those loan guarantees. one of solyndra's main investors was a big contributor to the president's 2008 campaign. today, lawmakers wanted to ask solyndra's executives whether they misled the government about

stover were sworn in.hey invoked their fifth amendment rights and opted not to testify but congress kept asking demanding to know how the company that got a half a billion dollars in federal loans collapsed just months after harrison personally assured them it was doing great. >> he looked me in the eye and assured me everything was just fine. and the company was on track to be cash flow positive. mr. harrison told me and other members of this committee that solyndra was continuing to make excellent progress. >> republicans asked the executives if they had something to hide. >> i want to ask mr. harrison if he thinks the american people who invested over half a billion dollars deserve to know what happened to that money. >> on the advice of my counsel, i invoke the privilege afforded to me by the fifth amendment of the comu and i respectfully decline to answer any questions. >> republicans also used itself hearing to accuse the obama administration of rushing loans to solyndra to make it look like presiden

ceo harrison and bill stover both refused to testify in front of the congressional committee. >> i invoked the privilege by the fifth amendment of the constitution of the united states, and i respectfully declined to answer any questions. >> i invoked the privilege by the fifth amendment, and i respectfully decline to answer any questions. >> lawmakers say that silence will not stop them from pursuing their investigation into the $530 million loan he received in 2009. the fremont-based company was the first firm to receive a loan guarantee under president obama's 2009 stimulus program. follow-up from the controversy continues. they were told that the federal government will not be able to finalize a $344 million loan by the september 30th deadline. the company was going to use the money to install 160,000 solar panels on military bases across the u.s. they say that project is now likely debt. >>> the do you finished up, but lost for the week in the biggest drop since october of 2008. the declines reflect the pessimism in the debt crisis in europe as well as fear fears of our own economic o

brian harrison and chief financial officer william stover. solyndra was the first solar maker to receive stimulus dollars back in 2009. as recently as august, the company told government officials everything was okay and that its business was growing. that's why many lawmakers were surprised when solyndra shuttered its operations, sought bankruptcy protection and laid off 1,100 workers, moves that left uncle sam on the hook for $535 million in loan guarantees. congressional lawmakers focused on those loans, but with no explanations from solyndra, representative henry waxman soon gave up. >> i want assert the fact that think it's unseemly and inappropriate for members to ask questions that they know you won't answer. you do have a privilege under the u.s. constitution not to answer these questions. should you answer any of these questions, you may well have waived your rights. >> reporter: analyst stuart sweet says the solyndra scandal could set back the struggling solar industry. >> trying to collect electricity through solar panels is just n

. >> you heard correct, the ceo brian harrison and see a full, bill stover did not answer a simple questionives remained silent. even so, lawmakers plan to expand the bay-area investigation. the department of energy and the obama administration will be turning over all communication. to the investigators. >> this jobs fair is the first of several planned event that will focus on finding these jobs for these out-of-work employees. they are ready to get back to work. >> i was a person that got eliminated. >> automation equipment. house looking for work at this paddock house. >> it is about hiring, jobs. >> she is the director of the a little work force. she is assisting the 1100 workers, vendors, contractors who lost their jobs to the solar company. >> we are here to transition out of their work. >> 40 companies from the clean tech and solar industry brought 70 other jobs. and they brought several other resumes. >> 18 resumes . this single mother of three has handed out seven resumes. >> i hope to get a job soon i really need in the job. governor jerry brown this is landmark legislation. this

harrison and stover mr. have chosen not to testify it and answer questions today so that our subcommittee might together have answers to questions. however, it is important that as we work to address the solyndra situation that we do not throw the baby out with the bathwater. last night, exploiting the solyndra case, this house voted to cut the doa loan guarantee program. this is a short-sighted mistakable undermine our ability to compete in the global energy sector. as the demand for energy rises, emerging technologies will need our support to compete with businesses in china whose solar industry was provided with $30 billion in government subsidies just last year. conceding the green energy race to china would be reckless an irreversible decision. in a "politico" op-ed last week, venture cabalists said that the nascent green energy industry needs more than capital to grow. as we move forward with our investigation into solyndra, we should ensure that the loan guarantee program remains a priority for this c

stover are invoking their fifth amendment rights. they are also under criminal investigation. house republicans are demanding to know how months before solyndra's financial collapse the company was touting the excellent progress to members of congress. republicans are using the hearing to rail against the obama administration for approving a half a billion dollars in loan guarantees to the company. many taxpayers might never see again. the solyndra controversy is such an issue that house republicans moved last night to dramatically cut the department of energy program that provided the solyndra loan. whether i keep watching the hearing and bring you more live coverage throughout the morning. live in washington, d.c., alison burns, ktvu, channel 2 news. >>> pakistan's foreign minister is lashing out at the united states for accusing pakistan's intelligence agency of supporting terrorist attacks against american troops in afghanistan. yesterday in congressional testimony, admiral mike mullen said pakistan's intelligence agency played a direct role in supporting insurgents who c

instead, both solyndra ceo brian harrison and chief financial officer brian stover said this over andhope to have an opportunity to assist this committee's inquiry in the future on the advice of my attorney. i must respectfully decline to answer any questions. >> democrats say the federal government should not stop supporting green energy ventures and companies because of one bad actor. if the obama administration rushed the half a billion loan through for political reasons. uma? >> uma: wow! the story continues to get more intriguing by the day. thank you. appreciate it. >>> every parent and teacher knows how important reading is. more than 100 best-selling authors are gathered in washington this weekend. we will speak to award-winning children's officer after the break. stay with us. living with the pain of moderate to severe rheumatoid arthritis... could mean living th joint damage. help stop the damage before it stops you with humira. for many adults with moderate to severe ra, humira's proven to helrelieve pain and stop joint damage. humira can lower your ability to fight infecti

solyndra's ceo brian harrison and cfo bill stover have said they will not testify today about the $535loans. they plan to plead "the fifth" today. >>> meantime the now bankrupt solyndra is being criticized for how some of that money was spent. the "washington post" reports $344 million went towards the construction of a new factory in fremont. unknown amounts were spent on brand-new unused equipment and a state-of-the-art conference room with glass walls that could be made opaque at the flip of a switch. >>> 6:35 now. protestors at uc-berkeley are vowing to return this morning after a tense eight-hour showdown with campus police yesterday. anne makovec is over cal with what's prompting the protests and what the new weapon the police say the students are using. anne, good morning. >> reporter: well, they are protesting what college students all over the state have been protesting, the increasing cost of a college education. i'm outside tollman hall right now where the protest is expected to continue this morning. it's too early for most college students to be up but check out this video

ceo harrison and bill stover both refused to testify in front of the congressional committee. >> i invoked the privilege by the fifth amendment of the constitution of the united states, and i respectfully declined to answer any questions. >> i invoked the privilege by the fifth amendment, and i respectfully decline to answer any questions. >> lawmakers say that silence will not stop them from pursuing their investigation into the $530 million loan he received in 2009. the fremont-based company was the first firm to receive a loan guarantee under president obama's 2009 stimulus program. follow-up from the controversy continues. they were told that the federal government will not be able to finalize a $344 million loan by the september 30th deadline. the company was going to use the money to install 160,000 solar panels on military bases across the u.s. they say that project is now likely debt. >>> the do you finished up but lost for the week in the biggest drop since october of 2008. the declines reflect the pessimism in the debt crisis in europe as well as fear fears of our own economic ou

that was the solyndra ceo brian harrison and cfo bill stover. a plebiscite more than a dozen times. the committee investigating that now bankrupt solar company wants to know what happened to the loan given to them by us, the taxpayers. those executives remain silent citing ongoing fbi investigations. lawmakers are planning to expand their investigation. what they want is for the department of energy, that is to give solyndra the long end of the obamas administration who approved the loan, to turn over all communications regarding solyndra. it seems like the saga continues. >> of the one day strike is over, but thousands of nurses still cannot return to work as they are being locked out. jackie sissel is live at children's hospital in oakland with an update. >> as you can see, a group of nurses that showed up to work this morning were told thank you for showing up, but no thank you, you are not needed today or the next four days. as you said, there was a one day strike called yesterday at three different hospitals. here at children's hospital, sutter and kaiser. all and all there wer

solyndra ceo and brian rrison and bill stover both annound they will plead the fifth on during theirstion on advice of their counsel. the ficial that represents solyndra in the hearings advised the clients not to talk because the ongoing justice department investigation over sole lynn drachlt they are expected to testify tomorrow. republicans investigating the obama administration's green jobs policies are now focusing on key private investors in the failed solyndra solar company asking them for all pertinent documents. we're talking about thousands upon thousands of documents. two of the companies that they have asked to turn over docs are argonaut private equity and madrone capital. one of those, argonaut is headed by george kaiser. he is the bundler of obama campaign funds. the fact they're pleading the fifth is obviously a maneuver to protect themselves from potential misstatements that could be used in the ongoing justice department of investigation of solyndra. republican inquisitors also wonder if there are other reasons? >> there has been a suggestion, we haven't documented i

stover. >> on the advice of counsel, i invoke the privilege afforded by the fifth amendment to the u.stitution and respectfully decline to answer any question. >> so those two menu just heard from, they are the ceo and the cfo of the solar company called solyndra. back in 2009 solyndra was the first green company to receive stimulus funds from the obama administration. the president actually visited the california factory last year, all presidential pomp and pageantry, so what happened inside this company for it to go from really this white house darling project to an administration embarrassment? lisa sylvester walks us through the company's downfall. >> reporter: a growing scandal about what happened after solyndra received $535 million in taxpayer money. competition from china pushed the price of solyndra's solar panels way down, causing the company to lose customers and burn through cash. january of this year, solyndra went back to the obama administration and asked to restructure the department of energy loan, to give it more time to pay it back. new details from e-mail show senio