Local CBS Station catches Solyndra destroying million bucks worth of parts

This is millions of dollars of your tax money, going square down the drain. Angry

The Story via CBS in San Francisco:

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. And it’s not a few loads. Hundreds of thousands of tubes on shrink-wrapped pallets will meet a similar demise. Solyndra paid at least $2 million for the specialized glass. A CBS 5 crew found one piece lying in the parking lot. Solyndra still owes the German company that made the tubes close to another $8 million. So why is a bankrupt company that owes a fortune to creditors, including American taxpayers, throwing away millions of dollars worth of assets?

I do believe that the last line of that story. has pretty much become a metaphor for the President Administration. Gee, I wonder if my commenter “Dusty” still believes that I simply do not know what I am talking about. Dusty?

Others: Atlas Shrugs