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Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free _Mother Jones Daily_. If you’re interested in reading a bit of background on Solyndra now that
it’s become a political football, the _LA Times_ has a pretty good piece in today’s paper: > To grasp the saga of Solyndra’s rapid rise and even faster fall, > one has to understand
the dazzling appeal of its product. The > company’s advancement in solar power was hailed as an invention so > brilliant that it blinded everyone to the truth: Solyndra never had >
much of a chance in a fast-changing market. > > “It was revolutionary,” said Walter Bailey, a former Macquarie > Capital investment banker who specialized in green technology and
> visited Solyndra in 2008. “You had some of the smartest money in > the world getting behind it. It was a real company with a huge > factory and an extremely unique product. >
> “The only problem,” said Bailey, now a senior partner at > boutique investment bank Focus Capital in New York, “was that it > never penciled out.” There’s nothing in this piece
about the politics of Solyndra, just a straight-ahead explanation of who they were, why their technology was so dazzling, and why they failed. It’s worth a read if you’re not already up on
all this.
