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Tuesday, August 21, 2012

YOUR MONEY HARD AT WORK: SOLYNDRA TUBES TURNED INTO MODERN ART

The federal government’s $535 million investment in the now-bankrupt and utterly ruined “green” energy company Solyndra has been surrounded by scandal, intrigue, and many, many unanswered questions.
“One of the great mysteries of the 2011 Solyndra bankruptcy was: What happened to all that money? After the United States government ‘loaned’ Solyndra $535 million, the money quickly vanished; the bankruptcy court later found that the company had essentially no cash on hand. They had spent it all on equipment and inventory,” the blogger Zombie writes for PJ Media .
“Surely, then, the inventory could be sold and liquidated, to recover some of the ill-spent cash — right?” Zombie asks.

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