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The spending in Washington is out of control. Part of the discontent on the part of the American taxpayers is the amount of money being spent, but a good deal of the discontent is how it is wasted with little regard for the hard-working taxpayer.
CBS News San Francisco reported on January 19, 2012, that Solyndra, after filing for bankruptcy, is destroying assets (many of which were paid for by taxpayer money).
The article reports:
At Solyndra’s sprawling complex in Fremont, workers in white jumpsuits were unwrapping brand new glass tubes used in solar panels last week. They are the latest, most cutting-edge solar technology, and they are being thrown into dumpsters.
The article goes on to detail some of the history of the glass tubes. They were not included in the list of Solyndra assets put up for sale at two auctions last year. One buyer said that if he had been able to buy the tubes, he would have. He has been buying solar panels from Solyndra since the bankruptcy and selling them on e-bay.
The article further reports:
Solar scientist Greg Smestad agreed they have value. “As a scientist I said ‘Wow, this needs to be studied,’” he said. Smestad has consulted for the Department of Energy.
He recently bought a Solyndra solar panel to study its technology, which is completely different from traditional panels. “It can accept both the direct sun and also track motion, because it’s a cylinder,” he explained. “The technology is very promising.”
Smestad wrote a letter to the auctioneers, asking if they could donate to Santa Clara University any of the leftover tubes after the Solyndra auctions are completed. “Let one student use this as an inspiration for their career and that will be worth something,” he said. But the auctioneers wrote back saying they couldn’t do that.
This is ridiculous. Solyndra still owes $8 million dollars to the German company that made the tubes. When CBS News contacted them to see if they would have taken the tubes back, CBS was told by the company that they had no idea that the tubes were being destroyed.
Who authorized the destruction? Why was there no effort to get back the taxpayers’ money that was invested into this company? These are questions that need to be answered.