I think that Solyndra was specifically a terrible choice for the government to make an investment in, but it was exactly the type of industry they should generally be investing in.
But I guess at least Seagate got a nice building out of it.
Seriously? Solyndra was being hailed as the pinnacle of American technology, during Obama’s era.
When it closed up shop, people were blaming China, again, for stealing American technology, and putting another good American company out of business.
But from your description, it sounds like Solyndra was a scam to part investors and the American government, with their money.
Re:Arecibo Observatory Collapsed
by Wowfunhappy on Tuesday December 01, 2020 @11:51AM
(#25266898)
I think skuhn put this nicely up-thread. There were both successes and misses, and investing is all about taking risks with the understanding not all of them will pan out. Apparently the program was profitable on net.
Yeah, it was a little bit. [1]
[1] https://www.theatlantic.com/politics/archive/2015/08/solyndr...
We took the job anyway because it looked interesting, started doing the preliminaries, and when we went to get the test panels a couple weeks later, a FBI lady shooed us away from the parking lot as they were taping the building up.
Very weird.