Today a subcomittee of the House Energy and Commerce Comittee held a hearing on the scandal. Darren Samuelsohn (POLITICO) reports that Subcommittee Chair Cliff Stearns says the U.S. Energy Secretary Steve Chu needs to resign, "I think the secretary is unaware of so many things that have happened that would question his financial ability and his management of very complex corporations. So I just think he has failed the test."
Mr. Chu told the Subcommittee, "The Solyndra transaction went through more than two years of rigorous technical, financial and legal due dilligence, spanning two administrations, before a loan guarantee was issued. I want to be clear: Over the course of Solyndra's loan guarantee, I did not make any decision based on political consideration."
U.S. House Representative John Sullivan asked him if, having all the information he has now back then, would he have approved the loan and Mr. Chu responded, "Certainly knowing what I know now, we'd say no."
I am holding my opinion until tomorrow. I wanted to be sure to present both sides tonight.
This is C.I.'s "Iraq snapshot" for today: