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So -- -- the company's CEO and CFO called to testify in front of a congressional panel tomorrow.
But we now know they will be telling lawmakers very little about that more than half a billion dollar government line -- -- received essentially lost.
Attorneys for the executives are recommending their clients take the Fifth Amendment.
Even though earlier this month the committee was -- sure those executives would testify voluntarily.
A statement from so lenders says the company is unaware of any wrongdoing but it points to the Department of Justice investigation.
As the reason those executives will remain silent.
So is there a smart way for the government to investing -- and T shirt Uncle Sam just stay away altogether going Lombard is author of the book cool it.
And is director of the Copenhagen consensus senator should the government -- because again it's.
It's very clear that this this technology at this company made no economic sense but we still through half a billion dollars -- -- Basically we -- all our money there on a very unproven technology what it shows -- -- you shouldn't go out a build a whole factory to build this.
But that potentially could work for half a billion dollars what you should have done is perhaps spend -- thousand dollars to fund university researchers to come up with maybe this is a great idea forward.
-- the fundamental point to remember is -- panels is still way off.
So it's not like cylinder was almost there to beat out fossil fuels they were almost -- to beat out the other solar panel makers but they are still all dependent.
On subsidies massive subsidies so we should be funding researcher I think.
Always think when you say research -- think -- the National Institutes of Health for example the Human Genome Project.
And I and all of the private sector discoveries that have grown out of that and that's exactly the point.
Researchers are incredibly cheap and that's the thing that feeds into.
Businesses making real money and being able to bring it to the marketplace but we also got to recognize this is him twenty to forty years away from actually being marketable.
That's why we need to invest in research but do it smartly don't you know people winners -- in this case losers but -- Technology where you say let's have cheap researchers looking at it and you then you.
In -- stress patients.
And that's part of the problem with this is rushed to get the money out of the door there is so much rushed to say we need to get a Green economy now.
No we need to get a Green economy that actually pays off in the long run so we can get the Chinese and unions to come on board.
Jon Lundberg thank you so much -- -- -- not you you're welcome back.
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