Page 271 - Restructuring News Today

What happened, and i think its important to point out what you just said, there was a restructuring. after the loan was already a failed loan. and the united states took a lower position to get paid back first. thats unprecedented and instead the political doner of president obama was put at the top of the heap so they would be the first ones paid out. thats wrong. and plus its also important to note that the why of the person deal with this loan was also representing the law firm of excellent d...

>> well, thats the understatement of the year. this is the height of crony capitalism. this is president obama political doners that hes paying off and essentially what the president did is he put one of his fundraisers into the energy department to point out which of the loans should be made to which person that gave political donations to the president. donations were made to companies like excellent draw, companies like light squared and beacon power and now theres a new one, i think its seeg...

Krauthammer. steve? >> its accurate to call him offensive today. he couldnt describe what had happened at the department of energy as incompetence. there was no bankruptcy and asked if mistakes were made monitoring the approval process after the loan he said no. he wouldnt cop to it and refused to answer the question. that is the big picture. the damaging testimony came in an exchange with a democrat, of texas, who asked him about the process of subordinating the loan during the restructuring. g...

Have a meeting all hours day and night. we understand there may be more meetings tonight and there are discussions of weekend meetings, shep. >> shepard: i just read crossing on the wires there is now talk of restructuring how the rules -- the way the rules are now in the event they dont come up with something new. we expecting anybody else to try to step in and resolve the situation? >> well, today, of course, this was a creation of the united states congress to avoid a government shutdown this...

Do i care about what the people of new hampshire feel. because this is important. >> and so it became clear. jon huntsman is running to be the president of new hampshire. meanwhile, rick perry continued to believe in the power of three. presenting his restructuring plan for the government. >> uproot, tear down and rebuild. >> a continuation of his triple play hits of the past. >> cut, balance, and grow. >> football, hunting, barbecue. >> and the frontrunner -- >> nope, thats a different one. >> ...

Know the detroit area well i apologize. but they said it would move from occupy to disrupting. a lost authorities in the key cities have chased them out of parks and the like. and they are saying you cannot do that and we will move to another place. in detroit, on right, on a bridge. and in manhattan, any large open space. that looks like downtown, gives, is this downtown new york, broadway off of wall street? we will keep you posted. >> it was from the white house, ever contact you to take acti...

James rosen is live with more on this. the james? >> reporter: good morning. secretary chu testified this morning the final decisions on solyndra were his and those decisions were not made on the basis of politics but on the best interests of the taxpayers. otherwise secretary chu, a nobel prize-winning physicist, was unapologetic about his decision to approve a $535 million loan guarantee for solyndra, the now bankrupt california-based solar panel manufacturer. he testified, chu did, he knows o...

Krauthammer. steve? >> its accurate to call him offensive today. he couldnt describe what had happened at the department of energy as incompetence. there was no bankruptcy and asked if mistakes were made monitoring the approval process after the loan he said no. he wouldnt cop to it and refused to answer the question. that is the big picture. the damaging testimony came in an exchange with a democrat, of texas, who asked him about the process of subordinating the loan during the restructuring. g...

Knew that members of his own staff thought the solar panel maker was in trouble before the government guaranteed a half a billion in loans. chu said he knew of no white house contacts with his department about the solyndra loan approval or its restructuring. the deficit reduction supercommittee has less than a week before its deadline to commit a man for a trillion dollars in budget cuts. we will tell you where they are tonight. president obama is in indonesia and well explore promises he made b...

Than signature, says the white house was up to their eyeballs. in fact, they went to ron, who is the former steve of staff, and he was involved in the e-mail traffic. its hard to say anything but its a political decision when you want to hide something after an election. >> the facts are lining up. obviously we know they expedited the review process for the lone despite concerns inside the obama administration, another part of it. they were saying put the brakes on and the department of energy w...