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| And away go dollars down the drain. |
Solyndra was a manufacturer of tubular shaped solar panels, and as you know they have filed for bankruptcy after securing over 1/2 a billion dollars in loan guarantees from our government. I think the officials at the D.O.E. had a lot of balls approving tax payer dollars for a company to manufacture a product when "it cost them $6. to make a unit. They're selling it for $3. (and) In order to be competitive today, they have to sell it between $1.50-$2"*. My research indicates their design would have been better if the panels were funnel shaped like a toilet. It wouldn't have kept their business afloat, but it's great at flushing away money.
*http://www.americanthinker.com/blog/2011/09/industry_analysts_have_been_questioning_solyndra_business_plan_for_years.html
