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Attorney Arthur Aidala discusses whether company officials could be charged in aftermath of bankruptcy.
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Now we know the story so fossil and -- that company it got a half billion dollars in tax by a loan guarantees through the Obama administration.
While the company is now Brooke bankrupt the FBI is investigating could -- be criminal charges in this case is what will bring in -- a dollar he's the -- Yeah analysts right -- Fox News actually welcome to the program.
Thank you sir I think you covered enough stories in three minutes and I've ever seen any program harm and benefit and kind of go from here right now look.
Is that -- criminality come in to -- That this is that if the president of fraud and other words what what is.
Was there any intention or sexual recklessness.
That the way they took this money.
Either initially they already knew that it wanted to do.
Not criminal things the way we would think of -- Dave Robinson went.
But they spending needed just disappearing -- -- is no security there is no there's nothing protecting whether it's the initial investors.
Or the government which was the secondary investing if you're talking about criminality possibly on the part of all but company the company and the board of -- the board of directors of the company committed a separatist optical and upcoming not gonna -- the administration the White House sending us well.
That's not I'm not well.
This is this is one of the things I believe is going to be investing you know a a grand jury.
The this particular loan was four times lower the interest rate was four times lower that any other of these loans that they've given to these Green companies.
Why.
Why did they get paid -- of 1% per quarter interest rate where everyone else is getting a for a 5%.
-- -- -- -- That's that is gonna raise a red flag for these diligent federal prosecutors -- on -- -- that initial question when it first started to when it first.
But won't -- why why do you get a better interest rate the dog and Tracy and -- maybe it's because I'm going to federal loan guarantee.
So the people lending me the money thanks a great deal less risk because I've got a government behind me -- if it helps the tundra had a guarantee in the form of executives who made big campaign contributions.
And -- -- that was raised through so I wouldn't go -- be harder and being so quickly to rule out in a broad based criminal.
Conspiracy arguably they -- -- that's what that's what's going on right now I mean the FBI went there they took everything.
They will put their top people for the next months months not weeks months and they will go through every DG.
When applying to the -- I just wanna hold on him could you are talking about criminality.
May be seeping into the White House not a civil case.
Not a bad politics.
But it's the criminality you could get to seep into the executive branch of government of the White House what I'm saying is is out and I think it's gonna happen I am gonna say that that is something at the most basic level an investigator is gonna look at you look you started the beginning.
How did they get the loan okay that's the first -- hurdle and then one of the terms of the loan.
And why those terms more favorable anything else out there may be a very innocent explanation or very obvious explanation and I'll get over that and so.
I think it starts even further back and I keep coming to what price Waterhouse Cooper said about this company two months before they got -- -- -- initial loan they said.
We are concerned this company can keep going.
Correct that marriage trouble all the while the executives were saying we're gonna double our profits right but but that.
That's what it especially during that time period that's what we would do a treasure we are bailing everybody actually is it a Green company that's got to creating jobs is introducing you said.
Did this initiative treated 3500 jobs.
I wonder -- that includes the 11100 that -- lost at this company I'm gonna -- final question -- one do you think a special prosecutor -- all showed the appointment if the the initial investigation yields that there is any legitimate possibility.
That the administration or someone in individual within the administration has done something untoward.
Yes that would be in everyone's best -- second and last should the president get himself a loyal.
The president now self know this is probably something would happen.
Forty layers below the president of the United States is nothing that happened in the Oval Office this is -- happen in six buildings twelve blocks away.
That He would have no personal but it won't George Kaiser who is a huge bond outlook for the president to was a frequent guest at the White House Stewart I got.
-- is not.
And his insight is the sign is maintenance and agree I mean as much a -- I knew I got to turn you can't women data prepared.
I don't know if the president in this is that involve I don't think I don't think Obama's signature I think at this point.
-- it's fair to say everything needs to be investigated.
No evidence that the president was complicit.
In any wrongdoing I think this is a huge -- I think in the bottom line you're gonna see that the conclusion going to be tremendous.
Negligence.
On the part of the people who -- running this company.
I think that's -- -- -- ultimately.
-- -- -- -- -- -- -- have no choice I would appreciate it off thanks very much and -- that.
