BREAKING: Hawley Brutally Confronts Granholm About 'Institutionalized Corruption' Leading To Clash
Summary
TLDRIn a tense exchange, a senator confronts the Secretary of Energy about alleged institutional corruption within the department. The Secretary is accused of misleading the committee by initially denying ownership of individual stocks, which she later admitted to owning and selling, including one in Ford that her husband had owned. The senator also questions the Secretary's involvement with Proera, a company where she sat on the board and made millions, and her promotion of its stock and products. The dialogue further implicates the Secretary for attending conferences funded by foreign billionaires, potentially influencing American politics through dark money. The Secretary defends the department's ethics office and its oversight of stock trades but the senator remains critical of her actions and the department's integrity.
Takeaways
- đ The Energy Department has been accused of institutionalized corruption with over 130 officials involved in 2,700 trades related to their work.
- đ€ The Secretary of Energy was questioned about owning individual stocks, which she initially denied, but later admitted to owning and failing to report them.
- đ°ïž There was a delay in reporting the stock holdings and sales, raising concerns about transparency and honesty.
- đ« The Secretary was criticized for misleading the committee and hiding information regarding her stock holdings.
- đŠ It was suggested that the Secretary's actions may have been influenced by her financial interests, particularly in Proera, where she had been a board member.
- đŒ The Secretary claimed that she was unaware of some of her stock holdings, including a Ford stock owned by her husband.
- đ The Secretary sold six stocks, one of which was a conflict of interest, but could not specify the other five.
- đ§ The Secretary's knowledge of foreign billionaires funding conferences she attends was questioned, with concerns about potential conflicts of interest.
- đ° The involvement of foreign money, through entities like the Burger Action Fund, in funding conferences the Secretary attended was highlighted.
- đ« The Secretary denied any wrongdoing and stated that the Department of Energy has a strong ethics office that prevents stock trading in areas of oversight.
- â The situation was described as deplorable and outrageous, with a call for change and accountability in the Energy Department.
Q & A
What was the main issue raised by the senator regarding the energy department officials?
-The senator raised concerns about over 130 officials in the energy department who reported more than 2,700 trades of shares, bonds, and options in companies related to the agency's work, which the senator described as institutionalized corruption.
What was the secretary's initial response when asked if she owned any individual stocks?
-The secretary initially stated that she did not own any individual stocks, responding with 'no' three times when directly asked by the senator.
Why did the senator accuse the secretary of misleading the committee?
-The senator accused the secretary of misleading the committee because it was later discovered that she did own multiple individual stocks, which she had failed to report for several months.
What was the secretary's explanation for the delay in reporting her stock holdings?
-The secretary claimed that she was not aware that she still owned individual stocks and that she had believed they had been sold. She said she reported the situation to the committee as soon as she realized the mistake.
What specific stock was mentioned that the secretary was aware of owning?
-The secretary mentioned that she was aware of owning Ford stock, which her husband had owned since he was very young.
How did the senator characterize the secretary's actions regarding her stock holdings and involvement with Proera?
-The senator accused the secretary of presiding over institutionalized corruption, suggesting that she had a conflict of interest by owning stock and promoting Proera, where she had previously sat on the board of directors.
What was the senator's concern about the secretary attending conferences funded by foreign billionaires?
-The senator expressed concern that attending conferences funded by foreign billionaires, potentially using dark money, could be an attempt to influence American politics.
What was the secretary's defense regarding the trading of stocks by energy department executives?
-The secretary stated that no one in the Department of Energy, including herself, trades stocks in areas they have oversight over, and that the department has a strong ethics office that consults with employees about their stock holdings.
What report did the Wall Street Journal publish that was referenced during the discussion?
-The Wall Street Journal published a report that detailed how energy department officials were trading stocks in companies they had direct oversight over, which was a point of contention in the discussion.
What was the senator's final conclusion about the situation in the energy department?
-The senator concluded that the record was deplorable, despicable, and outrageous, citing the trading of shares by department officials, the secretary's misleading testimony, and her attendance at conferences funded by foreign billionaires.
What was the senator's recommendation for the secretary at the end of the discussion?
-The senator suggested that the secretary should consider it a time to change the current practices and thanked the chairman, implying that the secretary should take responsibility for the situation.
Outlines
đĄ Misleading Testimony on Stock Ownership
In this heated exchange, a senator confronts the Secretary of Energy for providing false testimony regarding her ownership of individual stocks. The senator accuses the Secretary of misleading the committee and hiding information about her stock holdings, which were related to companies the department oversees. The Secretary claims she was unaware of the stocks and reported them as soon as she discovered the mistake. The senator also questions the Secretary's involvement with Proera, a company she sat on the board of and promoted as Secretary, and whether it was one of the stocks she sold.
đ Outrage Over Institutionalized Corruption
The senator continues to express outrage over what he sees as institutionalized corruption in the Department of Energy under the Secretary's leadership. He criticizes the Secretary for misleading the committee, attending conferences funded by foreign billionaires using dark money, and allowing department executives to trade stocks in companies they have direct oversight over. The senator calls the Secretary's actions deplorable, despicable, and outrageous, and demands change. The Secretary defends the department's strong ethics office and policies against trading stocks in areas of oversight.
Mindmap
Keywords
đĄInstitutionalized Corruption
đĄIndividual Stocks
đĄEthics Officers
đĄStock Act
đĄHatch Act
đĄForeign Billionaires
đĄDark Money
đĄEnergy Department
đĄMisleading
đĄPortfolio
đĄTransparency
Highlights
130+ officials in the Energy Department reported 2,700 trades of shares, bonds and options in companies related to the agency's work, which the Senator calls 'institutionalized corruption'.
The Secretary of Energy initially denied owning any individual stocks, but later admitted to owning and failing to report multiple stocks.
The Secretary claimed she thought she had sold all individual stocks, but was incorrect.
A timeline dispute arises as the Secretary sold stocks a month after testifying she didn't own any, and informed the committee a month after the sale.
The Secretary sent a letter to the committee explaining the mistake after realizing the error.
One of the stocks the Secretary owned was Ford, which her husband had owned since he was young.
The Secretary could not name the other five stocks she sold, stating they were non-conflicting.
The Senator accuses the Secretary of presiding over corruption, violating the STOCK Act, and being referred by the Inspector General for Hatch Act violations.
The Secretary's connection to Proera, where she was a board member and had stock options, is questioned as a conflict of interest.
The Senator questions if the Energy Department is influenced more by the Secretary's stock ownership or foreign funding of conferences she attends.
The Secretary denies knowing the names of foreign billionaires funding the conferences.
A Swiss billionaire named Isor Weiss is identified as using dark money to funnel foreign money into American politics, including funding a conference the Secretary attended.
The Secretary defends the Energy Department's ethics, stating no one trades stocks in areas they oversee.
The Wall Street Journal is cited for reporting on Energy Department officials trading stocks in companies they have oversight of, which the Secretary disputes.
The Senator concludes by calling the situation 'deplorable', 'despicable' and 'outrageous', demanding change and accountability.
Transcripts
Senator
Holly thank you Mr chairman Madam
Secretary nice to see you again when you
were here last I talked with you about
the fact that more than 130 officials in
the energy Department reported more than
2,700 trades of shares bonds and options
and companies that ethics officers said
was directly related to the agency's
work this is institutionalized
corruption and I asked you point blank
do you own any individual stock and you
told me
no let's just look at it it was not a
difficult question do you own individual
stocks Madam Secretary you said No in
fact you repeated it three times to me
no no no turns out that was false you
did own multiple individual socks and
you neglected to report it to this
committee for months afterwards why did
you mislead this committee oh my
goodness that was exactly my response so
why did you mislead this committee I
believed that I had sold all individual
stocks and I was incorrect so I came
back you just don't know the your
portfolio um pretty much it's a big one
I guess huh no it's extremely small um
apparently not someone manages it for
you so I came back as soon as I found
out that in fact I had not sold all
individuals wait wait wait wait no
that's not true either let's just look
at the Timeline let let's not you're I
just remind you you're under oath Madam
Secretary you testified you didn't own
any individual stocks you didn't sell
the stocks for a whole another month and
after you sold the stocks you
waited month before you informed this
committee why did you mislead us and
what were you hiding why did you wait so
long why did you hide this I did not
hide it because I brought it forth to
the committee when I realized that we
had made a mistake really what what what
explains the delay why did you wait for
a full month to exp to explain your
actions to this committee your false
testimony uh that's less than a month
and I sent a letter explaining what had
happened May the 15th to June the 9th we
going I owned a a Ford stock that was
you misled this committee and you wait
what were the stocks what were the
stocks that you owned it was a Ford
stock that my husband had owned since he
was very young and uh I just was not
aware of it and what were the others you
sold six stocks what were the other five
I sold uh non-conflicting stocks what
were they I don't honestly
I don't even know I do know they Ford
one because that was a conflict that's
why I ra this you're here before this
committee a year later after actively
misleading to us after denying and
delaying and delaying and now you won't
tell us was one of them
proa no you sat on the board of
directors at proera you made Millions
CNN reports and stock options at proera
then you you promoted proera stock and
proera products as Energy Secretary was
that one of the stocks that you sold
this is
so I mean really was that one of the
stocks you sold yes really you are
presiding over institutionalized
corruption in your energy Department you
have violated the stock act nine
separate times you have been referred by
the Inspector General for violations of
the Hatch
Act it is institutionalized corruption
that you are now the face of and here's
what I'm trying to figure out I just
want to know who really runs the energy
department is it you or is it the mega
Corporation whose stock that you own
that you're making profits in oh my
goodness or maybe it's the foreign
billionaires who fund your conferences
let's try something else do you know the
names of the foreign billionaires who
fund the conferences you go to since you
don't know the stocks do you know the
names of the foreign
billionaires this is unbelievable to me
let me help you Mr chairman one of them
isor Weiss a Swiss billionaire who has
used various dark money front group I
not know what youel various dark money
front groups to funnel foreign money
into American politics he has used the
burger action fund $20 million that then
sent money to the fund for a better
future that then sent money to The
Climate power group that has funded
conferences you've
attended do you know who this is do you
think it's a good idea to attend
conferences by Foreign billionair I have
no idea what you're talking you don't
know the stocks you don't know the
billionaires you would take no
responsibility Meanwhile your energy
Department executive in your energy
Department are trading stocks and in
companies that they have direct
oversight over and you were too that is
incorrect nobody and I in the department
of energy and we have a strong ethics
office does not trade stocks in anything
that they have oversight over that's
that
is not true Madam Secretary The Wall
Street Journal has reported on this
extensively Street I may Senator if I
might just ask the question is it
possible that maybe we can continue this
at a later time but if you had any
questions on the energy Direct Energy
policies M Mr chairman this is directly
relevant to institutionalized corruption
in the department of energy that she
oversees you're I think about to say
that that the Wall Street Journal
report's wrong The Wall Street Journal
report did not say that people over whom
they were were in areas where they were
directly overseeing headstocks they did
not our ethics office consults with all
of our employees that need to be cons
that that have a reporting requirement
about their stock Holdings they do not
own stocks in areas that they have any
influence over nor do I Madam Secretary
all I have to say is this record is just
deplorable it is Despicable it is
outrageous that hundreds of officers in
the energy Department are trading shares
it is outrageous that you misled us it
is outrageous that you are continuing to
mislead us and it is outrageous you're
going to conferences and events funded
by Foreign billionaires using dark money
to try to influence our politics this
has got to change and frankly you should
go thank you Mr chairman
uh Senator Lee
5.0 / 5 (0 votes)
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