Solargate Meets Enron: Solyndra CEO And CFO To Plead The Fifth

Tyler Durden's picture

And now the political rags will really tear the American Jobs Act, ARRA and the administration, apart, because the Venn diagrams of Enron and Watergate just crossed and the point of intersection is called Solyndra. According to Reuters: "Solyndra LLC's chief executive and chief financial officer will invoke their Fifth Amendment rights and decline to answer any questions put to them at a Congressional hearing on Friday, according to letters from their attorneys obtained by Reuters." But, but, what do they have to hide? And how many times in the past has pleading the fifth not led to a prison sentence for someone? And, implicitly, and potentially, the commencement of impeachment hearings?

From Reuters:

In the letters sent to the House Energy and Commerce Committee's Subcommittee on Oversight and Investigations, attorneys for Solyndra CEO Brian Harrison and CFO W. G. Stover said they advised their clients not to provide testimony during the hearings.


The bankrupt company's $535 million federal loan guarantee is being investigated by the House Energy and Commerce Committee.


Harrison is represented by Orrick, Herrington & Sutcliffe and Stover is represented by Keker & Van Nest.


Solyndra's offices were raided by the FBI two days after the company filed for bankruptcy, although the FBI did not say what prompted the raid.

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GeneMarchbanks's picture

You chocolate eatin' bastard! You beat me to it!

caerus's picture

one, two, three, four...FIF!

trav7777's picture


You CANNOT be impeached for pleading the 5th, nor can you be convicted of anything as a result.

Pancho Villa's picture

But people can be convicted of whatever it was that they took the 5th to avoid testifying about. And by taking the 5th you are basically admitting that you may have been involved in some sort of criminal behavior.

Blood in the water...

Captain Planet's picture

damn moron, it aint soly ceo being impeached!

so trav, what grade where you in in 2007?

FiscalCrater's picture

I thought This bunch was all in favor of sunlight? Guess not, after all.

CompassionateFascist's picture

Makin' it simple for ya'll: Solyndra was a laundry, not primarily a solar cell co. Obama '08 contributors and bundlers "invested" in this racket, and got back large multiples from their real investment, Obama, by way of the $.5 billion Zero sent to the laundry. Now we can sit back and watch the the Stupid Party fumble the ball again, like they did with the debt ceiling, Fast and Furious, and all else. I hear Boner's getting primary'd. That's nice.  

oogs66's picture

too bad they won't talk, Jon Stewart could have used them in another great clip on Solyndra

Mercury's picture
Solargate Meets Enron: Solyndra CEO And CFO To Plead The Fifth

Just as Bruce warned

SteveNYC's picture

Is that the Bernank? Are they counterfeit C-notes in his hand?

junkyardjack's picture

Counterfeits cost too much to produce, he used the real thing

Marty Rothbard's picture

If it was the Bernank. the money would be coming out of the pocket.  It would not be going in.

nmewn's picture

Mikla bitchez!!!

You need to post more.

rambler6421's picture

Accounting Fraud Bitchez!

BenG's picture

More fraudsters ... just great.

About time some fat cheaters go to jail!

John McCloy's picture

And this is just a fraction of the corruption ongoing at state and federal levels. The unlimited creation of debt to line the pockets of the connected while not only slapping the average American in the face but taking their freedoms along the way.

fyrebird's picture

That whole "life, liberty and the pursuit of happiness" thing was getting old anyway. After 200+ years it's maybe time again for some good 'ol tyranny, King George-style. People seem to be thinking that way, if you follow things.

subscriptionblocker's picture

Yup, this stuff has got to go : nor shall be compelled in any criminal case to be a witness against himself


Thievery Corporation's picture

Like, collateral damage or something.

economessed's picture

The fifth amendment states "...nor shall be compelled in any criminal case to be a witness against himself..."

I thought it was just a hearing?   By that logic, anything they say would be evidence of criminal activity, therefore, they can't talk at all.

Handcuffs, please.

XitSam's picture

Perhaps there will be a civil case. Then they would be required to testify. Anyone have a fiduciary interest?

NoTTD's picture

That doesn't work, either.  As long as there is a chance of future prosecution, the Fifth applies in a civl action, too.  Example: OJ.  Once he had been found not guilty in the criminal matter he could no longer take the firth in the subsequent civil case. 

Doña K's picture

Where if the civil case come before the criminal case?

I bet they will settle real fast. Easy money for anyone with even a whiff of damages

XitSam's picture

May be. But my legal friends tell my that if you don't answer in a civil case, then the jury (or judge) can assume the worst possible thing for your answer.

trav7777's picture

if congress has commanded them to appear, then legally it is not just a voluntary matter

New_Meat's picture

Their appearance and statements are compelled-->they must show and respond.  Taking the Fifth is acceptable.  Of course, it rather focuses the investigations and prosecutors on areas to dig.

- Ned

{I'm really scratching my head on Roger Clemens' performance under these circumstances}

[Ed. After Ollie North's public testimony, everyone who testifies has been deposed before going public (go Blue).  Ditto the perjury comment]

Robslob's picture

This is BULLISH!

wretch's picture

The Fifth worked for Iran-Contra...

Bob's picture

That's what I thought.

Dr. Engali's picture

I choose to invoke my 5th amendment righs for fear of  being knocked off by an associate of Rahm.

Rodent Freikorps's picture

And Gunwalker, Fast and Furious, Lightstream, and ObamaCare waivers to political friends...

Most ethical administration evarrrr.

nmewn's picture

He was trying to set up a few more "gifts" as well.

Section 251 of his "Let Them Eat Peas Bill" has something called Project Rebuild. Which is nothing but even more grants to his crony's & his little "acorns" who have already blown through the last multiple billions on purchasing Chryslers & wagyu beef.

The rape continues.

Edit: And blood & gore up to the elbows...

“I would be remiss if I didn’t mention, as the Attorney General in Mexico is so concerned, she’s made the point that at least 200 Mexicans have been killed with these weapons and probably countless more,” Issa said."

seek's picture

I've been halfway wondering if Solyndra isn't getting the coverage it has because it lets the press avoid talking about gunwalker/fast and furious. It doesn't take that much more digging to connect the executive branch deeply to gunwalker, and once that happens you have the White House implicitly connected to the murder of law enforcement officers. I'd think they'd happily take being called corrupt over being proven murderers.

SparkySC's picture

I think OBummer could get another Photo Op out of this case.

Go into the empty factory and blame the Repubs. LOL



Moe Howard's picture

Bush did it by proxy. bwahhhahhahh.

youngman's picture

Did you here about the $16 muffins and the $8.50 the DOJ.......but no room to cut nothing...

trav7777's picture

Eric "Place" Holder is on this mfer

SilverIsKing's picture

Holder's accomplishments as AG:












New_Meat's picture

OT: Sacrilige--new feature request. SilverIsKing has demonstrated definitive business need for negative numbers in the enumerated list.

- Ned

{and seriously, all y'all have done a fine job with the transition to the new format}

Homey Da Clown's picture

You can soooooooo replace Holder with Obammi


Obammi's accomplishments as prez:












Moe Howard's picture

Those communists drink and eat much better than me and other serfs. Makes me think of my kids wearing designer jeans while I, the bill payer, wore rags.

monopoly's picture

Is anyone here surprised. Has anything changed in the last 3 years. But now if Barry is involved. Well, then you have my attention.

Miners acting nicely today.

rambler6421's picture

Newmont Mining must have had a huge short squeeze or something.  Man, I wish I still had that stock.

bigdumbnugly's picture

silly me, i thought that venn diagram was a sketch of what the reamed out butts of us citizens are going to look like very soon.

A) left cheek

B) right cheek

"solyndra" must be kenyan for pecker.

NotApplicable's picture

Well, at least they've gotten competent legal advice.

Never, ever, EVER talk to the feds about anything. Because if you weren't in trouble before, you will be afterwards. Isn't that right, Mr. Bankfiend?