A local CBS affiliate in San Francisco caught one of Obama’s chosen grafting “clean energy” companies destroying assets. Assets that belong to the taxpayer. Unused, brand-new assets;
FREMONT (CBS 5) — After filing for bankruptcy last year, Fremont solar company Solyndra still owes American taxpayers half a billion dollars. But CBS 5 caught them 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. They are the latest, most cutting-edge solar technology, and they are being thrown into dumpsters.
Forklifts brought one pallet after another piled high with the carefully packaged glass. Slowly but surely it all ended up shattered.
Check out the video, then ask yourself who that stuff really belongs to.
It belongs to you. You and I paid for it, and there they are smashing it with hammers. Supposedly the move was okayed by the bankruptcy trustee as the cost of storing the materials exceeds the value.
Why weren’t they sold rather than destroyed? Supposedly Solyndra tried but couldn’t find a buyer. Only problem with that, they didn’t try very hard;
An employee for Heritage Global Partners, the company in charge of selling Solyndra’s assets, told CBS 5 they conducted an exhaustive search for buyers but no one wanted them.
But how exhaustive was that search? The tubes were never included on the list of Solyndra assets put up for sale at two auctions last year.
If they were, David Lucky told CBS 5 he would have bought them. “We certainly would have bid on them, yes,” Lucky said.
As usual, when it’s not their money, throwing it away is no problem.
- Solyndra fails to garner bids for sale (reuters.com)
- Bankrupt solar firm Solyndra eyes employee bonuses (sfgate.com)