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Issues to this. i dont know how you get to the bottom of it but how do you rework a deal where the private investor gets repaid before the taxpayers? >> correct. well and there again that is one of the issues that we have. who knew what. when did they know it. when you have the taxpayers that are subordinated in this loan program in order for a private investor to go forward because they said, look, we think that you are on the verge of bankruptcy and were not going to put anymore money in until...

When you have the political class deciding where the economic winners and where the economic losers are going to be. whos going to get the loan to expand their business, who is not? these are marketplace decisions, they are not political decisions. when they become political decisions like $30 billion slush funds for obamas dream of green energy, youre going to get corruption. and thats exactly what were seeing here. megyn: simon, i mean, i think the doe comes out and says, look, some win, some ...

Decision on solyndra on the merit and denied political interference by the white house. >> im aware of no communication from white house to department of energy saying to make the loan or restructure. >> after intensive internal debate among his aides, president obama toured solyndra last year and touted it as a model of green energy innovation, aided by $535 million in stimulus funds used to guarantee the company loans. but this summer they declared bankruptcy. they pressed chu on the red flags...

November 3rd. oddly, they didnt give a reason for that date. end quote. november 3rd was the day after the midterm elections. doe suggests nothing in these emails suggest impropriety. others suggest its troubling. this is a problem of when the government becomes involved in economic decisions that are best left for the private sector. it reduces the incentive to lower costs and innovate and increases the incentive to lobby to members of congress for handouts for subsidies. >> following last frid...

Information. a majority owner in that company is c.c. mp capital whose director is now the white house deputy chief of staff. these relationships confirmed by fox news were first brought to light in the new book, throw them all out. he says evaluation and accountability of lacking in does green energy programs. >> if youre going to have a true evaluation you need to have something like the national institutes of health or something like that where you have a peer-reviewed assessment. that did no...

imploding. >> would it surprise you to know the same newt gingrich was paid more than $1.5 million to help freddie mac make friends. >> i was glad to offer strategic advice. we did it for a number of companies. the group was very successful. >> grinning rich sees no conflict. his critics see hypocrisy. we begin with breaking news. a new judge will preside over the case of new penn state football coach jerry sandusky, this change prompted by complaints the first tie had ties to the ch...

White house subpoena on solyndra. >> good to be with you, gregg. gregg: dan carroll is the name of the advice sore to the president. he warned of quotes, attacks that are surely coming over solyndra and other inside doe deals that have gone to obama donors and have underperformed. what does that tell you? >> well, you know, gregg, there are a lot of questions when you look at these e-mails and weve only gotten a select few from the white house. well get more and well press that about you if you ...

Initiative. this email route circulated cird from carol plan to demote energy secretary to research into a lab. secretary chu is a wonderful and brilliant man. is he not perfect for the other critical doe emission deploying existing at scale. someone else should do that and lead a new teal. rousts email said he wasnt interested in the chu critique. he wanted his colleagues to consider the rest of carols message which dealt with energy policy. also predicted a wave of g.o.p. attacks over solyndra...

Energy sent saying he should be reassigned as the chief scientist to reenexpire and reorganize the laboratory there, the opinion of a former issues advisor to the campaign. not part of the administration. but he decided to share his opinion, anyway, with his colleagues including this part. "this is a huge job and he would be perfect for it, secretary chu is brilliant but not perfect for the other critical doe mission deploying existing technologies at scale and creating jobs." this advisor write...

almost 3% of markets valleys. the standard & poors index down more. nearly 4%. alison kosik live with the latest. whats driving this? >> reporter: we saw the sell-off pick up steam on wall street after a report a eurozone official said they have no plans to givotly a financial rescue package, financial assistance may not be in the cards for italy. the thinking, it will could be too big to bail out. the fact its solvent but drowns in $2.5 trillion in debt. its economy more than twice as...