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.
You can probably guess the answer to that question.
“Auctions of the material at the shuttered Solyndra factory produced very little revenue, as the highly specialized machinery and proprietary photovoltaic components spurred little interest among the auction vultures, since the parts could be used only for one specific purpose: to make Solyndra’s unique tubular solar panels,” Zombie continues.
Now add to this the fact the Obama administration knew about the financial risks involved and you can see why many people have questioned the Department of Energy’s integrity over its decision to back the company. Were they incredibly misguided or was there something else going on?
Basically, and all questions about the DOE’s integrity aside, there is one thing we know for certain: We are never getting that money back.
And as if that wasn’t bad enough, how about this: A whole bunch of those high-tech Solyndra tubes went on to become pieces in a modern art exhibition at U.C. Berkeley.
“[A] pair of Bay Area artists somehow managed to get their hands on some of the surviving Solyndra tubes and put them to good use … not to produce electricity, but as art,” Zombie adds.
But what about the rest of the inventory? Surely, this can’t be everything. Of course it isn’t. The art exhibit only features 1,368 of an estimated 24 million Solyndra tubes. So where are the rest?
Well, although not many people know for sure where all of the Solyndra tubes have gone, we do know where some of them have ended up:
A San Francisco-based CBS affiliate has just released shocking video of Solyndra employees destroying millions of dollars worth of parts.
“At Solyndra’s sprawling complex in Fremont, workers in white jumpsuits were unwrapping brand new glass tubes used in solar panels last week,” CBS San Francisco reports. “They are the latest, most cutting-edge solar technology, and they are being thrown into dumpsters.”
And it was even caught on tape [via CBS San Francisco]:
But not everything was destroyed. Aside from the hundreds of tubes used in the art exhibit, a few auction goers were able to rescue a few at various Solyndra auctions.
“[T]his is what became of our $535 million: Some glass tubes stuck in a box in the middle of a garden?” Zombie asks. “Goodbye tubes! Goodbye Solyndra! Goodbye fiscal sanity!”
Follow Becket Adams (@BecketAdams) on Twitter
All photos courtesy PJ Media and Zombie
Benghazi, IRS, AP...What's next? Only TheBlaze TV offers the truth from Glenn Beck, Andrew Wilkow, and Real News from TheBlaze. Get instant access and a free trial here.
- Shock Video Surfaces: Meat Cleaver-Wielding Man Shouts ‘You People Will Never Be Safe!’ Moments After Gruesome London Attack 518 Comments
- Why Were DHS Agents Seemingly Monitoring Multiple Tea Party IRS Protests Across the Country on Tuesday? 462 Comments
- Confusion Erupts in IRS Hearing After Lois Lerner Tries to Plead the 5th — Watch It All Unfold 446 Comments
- The Tense Exchange Between Rep. Trey Gowdy and the Former IRS Head You’ve Been Waiting for…and It Doesn’t Disappoint 330 Comments
- CNN’s Wolf Blitzer Has Awkward Moment With Okla. Tornado Survivor After Asking If She ‘Thanked the Lord’ 324 Comments
- Ariz. Lawmaker Surprises Colleagues, Comes Out as an Atheist While Delivering Daily Prayer Read More
- This Is How Texas Politicians Are Fighting Against the Atheist-Led ‘War on Christmas’ Read More
- ‘Unbelievable’: Apparent Thief Leaves $140 & Apology Note on Family’s Doorstep — Find Out Why Read More
- Anti-Gay Bias or Fair Punishment? New Details Emerge About High School Student’s Lesbian Relationship With a Minor 258 Comments
- Comedian’s New Anti-Muhammad Video Excoriates Islamic Prophet, Juxtaposes Him with Jesus: ‘Very Wrong and Twisted’ 146 Comments
- Why Is This German Company Recruiting Tech Staff With Autism? Read More
- House Votes to Speed up Keystone Pipeline: Here’s Everyone Who Voted for and Against It Read More
- Here are the 7 Most Explosive & Informative Moments from Today’s IRS Hearing Read More
- Foreign Banks Operating on U.S. Soil Have Just Set a Record Read More
- The Incredible Role Facebook Played in the Aftermath of Devastating Okla. Tornado Read More
- Tech Company Demonstrates Remote Disabling of a ‘Smart Gun’ 116 Comments
- Meet the Blind Man Nicknamed ‘Midnight Gunslinger’ Who Has 80% Shot Accuracy Read More
- How a $4.5 Million Network of 181 Sirens Helped Save Lives in Oklahoma Twister Read More
- See the Record-Setting Python a Man Caught With His Bare Hands (and Guess How Much It Weighed) Read More
- Paul McCartney writes in support of Pussy Riot
- UN chief arrives in Goma, Congo
- Czech police seek US man suspected of 4 murders
- Markets roiled by Nikkei's 7.3 percent slide
- Japanese climber, 80, becomes oldest atop Everest
- Man shot by FBI had ties to Boston bombing suspect
- Simultaneous car bomb attacks in Niger
- Pakistan arrested American who was killed by drone