Below average. I will need a light jacket, at 76 inland at 7 00. Everyone is falling into the 60s by 9 00. Now a check of the only commute. We are using our mobile 360 to check out oakland and right new we are headed eastbound on 580 and traffic is certainly light under xray skies. We are going to look at westbound traffic moving along just fine. We have problems to the south. This is in hayward. I hold of. Of an early accident a truck and vehicle hit head on and eight Miles Per Hour with the major accident. Thank you wazers. Avoid the area if you can. The boulevard could be a better way to get to jackson street. Another accident on i80 at highway 37 and it is involving injuries but over to the shoulder with no slowing in the area. Coming up we have the latest developments in the wildfire burning near Lake Berryessa that jumped to 7000 acres and moving south. Our reporter is in vacaville with what is be done to bring the fire under criminal. Look behind me, we are at base camp which ju
What do you want . People were desperate to hear him Say Something about Lehman Brothers and his role in it. Same old same old. It was a little bit of the same old same old. I think people were expecting more on that topic and he didnt want to go there. So the economy and all sorts of things. It wasnt one way or the other but i didnt think there was a great revelation except by the way this whole thing clearly haunts him and possibly it was a loselose situation. He is one of those brands. What can you say . You cant move on until you addressed what has happened. And can you . I dont know. But i know you cant unless you do address it. Right. It is what it is. You say its a perfect storm. Wasnt bankrupt anything that you say, well look this is lets just look at what happened. You cant deny it. He wishes he could say you should have basically the best he could have done is said you should have rescued me like everybody else. There were some things selfinflected. Remember the way that they
The chair yield to himself five minutes for questions. First, mr. Wilburn, thank you very much for the service to your country as i thank captain moak as well. I used to be, prior to coming to congress, an officer in the Green Energy Company itself. I dont know about your particular company but its a subject im highly interested in. But, mr. Wilburn, im still a little curious. I understand that you were on a flight, i guess, when you were sending your testimony. But i guess my first question is, was it simply a clerical mistake, or did you change your mind on whether or not t. A. R. P. Regulations in dodd frank played a role in failing to finance the Brazilian Company that sought your product . So is it a clerical error, or did you change your mind about including that in your testimony . No, its not a clerical error. I didnt have exactly all the facts. Youll see the rest of my written statement. I think it speaks to some of those issues surrounding what youre okay. Mr. Wilburn, you he
Ignored again . Thats why we thought this problem was fixed last time. And then we worked over the course of the last two years to try to get the reforms that both sides of the aisle enacted. Lowell braynard told me they were not going to interact with the subsidies right across in the treasury department. In the meantime while we wait for reform to be implemented and find out its not going to be implemented, how many jobs will we lose in the interim . Were going to lose thousands. Thats why our position has changed. Last time, we thought we had it fixed. Now our position is if theres not a stop on widebody financing for stateowned. I appreciate that, mr. Wilburn, what youre doing, i appreciate your service as well as your entrepreneurial spirit. I just have one bone to pick with you. I know you say youre a free markettype of guy. I think you said i pledged my collateral, you can only pledge that once. And i get that. But i guesses that the way the free markets work. If i have an idea
Believe its necessary to your Business Model, i accept that. But how is that fair to the other millions and millions of Small Businesses who sell to americans who dont get their products subsidized to the federal government . Sir, id love to compete on a fair basis in america with my Green Technology to take bio gas into methane. I dont get a subsidy. I take exception to your remark. But my point is does xm not subsa die finance for your products . I dont believe that im subsidized. I dont believe that at all. Yes, sir. Let me speak to that point, if i may, mr. Chairman with all due respect. And i do respect you from the bottom of my heart. My point is, you asked a question. I cant sell my technology here because theres barriers to entry to the market. And the barriers to the entry of the market is the oil and gas industry who subsidize the 15 oil and gas depletion allowance. I dont get that as a producer. I can but my bio and gas mr. Wilburn, wed be willing to work with you and be muc