nowhere in the law, nowhere in the definitions does it say that that program is to subsidize the loss of principle.
Joe Barton
The Public Record
Joe Barton is a former Republican member of the United States House of Representatives, representing Texas's 6th congressional district from 1985 to 2019. During his tenure, Barton served as the chairman of the House Energy and Commerce Committee, where he played a significant role in shaping energy policy and telecommunications legislation. He was known for his advocacy of fossil fuel interests and his support for deregulation in the energy sector.
Rarely, if ever, have I seen a more mismanaged program than the Solyndra loan guarantee.
What guarantees do we have on behalf of the taxpayers that changes are going to be made in the existing loans?
Why did the Obama Department of Energy reverse the Bush Department of Energy decision that the Solyndra loan guarantee was not ready for prime time?
I do think you're a man of integrity. I think you're trying to do your job as the best that you can.
If you don't subordinate this loan guarantee and Solyndra goes bankrupt, the taxpayers are first in line to be repaid.
If there is no subordination and a company goes bankrupt, which Solyndra did, then the taxpayers get repaid first.
I have a letter from Alfonse D'Amato that was written to you on November 7, 2011.
I hate to be the Republican that spoils the garden party, but the current system is in place for a reason, and that reason is that people do protect and want to protect their privacy.





