Not sure that Solyndra is guilty or not. I am not a judge or jury. But I did saw my neighbour got the Solar Panel installed on its roof with the help from Solyndra. I don't know how efficient it is (wrong techonolgy), but the system was working.
At least I know the funding benefits some customers, not a total waste.
Re: Chicago, Chicago
Phoenix
9/30/2011 3:17:12 AM
There should have been a proper monitoring system in place. We need transparency and accountability when the taxpayers money is spent on such projects. Specially ones like these. 500millon is not a joke. It could have been spent more wisely for a better purpose if there was a good early warning system in place.
Yeah...a bunch of "smoke and mirrors" if you ask me...they are up to something
So, the only thng that you were "HEARING"
icebreaker1975
9/29/2011 4:33:33 PM
was them declining to answer questions at the "HEARING!" HA Now that makes no sense...waste of time and money to conduct them if they are going to repsond in that manner
Re: Chicago, Chicago
tokyogai
9/29/2011 10:28:38 AM
I agree. If the politicians have no idea what they are doing, they should at least hire a consultant before spending large sums of money on the wrong technology. I am not a big fan of government consultants, but choose the least of two evils.
Re: Chicago, Chicago
Jacob
9/29/2011 1:34:25 AM
“Everybody in Silicon Valley, a smart investor told me, knew Solyndra had picked the wrong technology in making the solar panels. That's why they had to take the stimulus money. On the upside, they could have explained they ran out of money in September 2011, just as their projections predicted.”
I think is a pure negligence from the authority’s side. They failed to keep up their responsibility and duties. Since they are using the common fund (Tax payers money), they have to use it wisely and responsibly.
Frank Costello and Mickey Mantle
Ted Faraone
9/28/2011 7:27:16 PM
Dear Marvin,
You were not in knee pants at your mother's varicose knee when Frank Costello testified befor the Kefauver commission. I believe you were driving the former would-be-over-her-dead-body first lady of the United States about Europe in an MG Manganette. "Hark, the Herald axles swing!"
Heck, even I remember Frank Costello's testimony.
But Solyndra is nothing compared to the US Senate Hearings about the anti-trust exemption for Major League Baseball.
The US Senate Committee called the New York Yankees to testify. They arrived at Union Station, across the street from the Capitol, aboard the Pennsylvania Rail Road back in the day when the Pennsy was The Standard Rail Road of the World.
First to testify was Casey Stengel, then manager of the Yankees. My sole beef with Stengel is that he did not care for Phil Rizzuto. Stengel testified for an hour. Nobody in the Senate or the press understood a word he said.
They then called Mickey Mantle to testify and asked him what he had to say about the anti-trust exemption. His tesitmony ended after one sentence: "I pretty much agree with everything Mr. Stengel just said."
Fifth Amendment indeed!
Cheers,
Ted.
Everybody in Silicon Valley, a smart investor told me, knew Solyndra had picked the wrong technology in making the solar panels.
Solyndra is a perfect example of why government should stay out of funding private companies to further fashionable technologies. Government has too much money (($500 million?) and too little expertise.
Re: Chicago, Chicago
driven
9/28/2011 12:59:58 PM
I agree, What I can't understand is the lack of accountability. I mean, you get all these loan guarantees. Doesn't anyone ask for verified progress reports? Or were they robostamped by GS-3 employees the way the banks robo-stamped foreclosure docs?
It's funny in a sad way to go to the Solyndra website and page through all the documents of hype and hyperbole, It's so clear to see the fluff after the fact.
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