In Sylindras case almost nothing went to wages - I think it went to bond holders or money heaven...........

In late 2007, Solyndra was one of 16 clean-tech companies deemed eligible for $4 billion worth of loan guarantees from the U.S. Department of Energy. Tesla Motors, the Silicon Valley electric carmaker, and Oakland’s BrightSource Energy, a builder of solar-thermal plants, also made that list.

ourfuture.org

The Government Didn’t Lose

Even though Solyndra went into bankruptcy the government didn’t “lose.” The purpose of the government’s involvement was to help trigger the development of green-energy manufacturing in the United States, not to help individual companies. This was not a direct investment in a company with the expectation of a profit for the government. In the bigger picture of promoting American leadership in the emerging green-energy industry the government’s loan guarantee was a success. Even though Solyndra’s investors lost out our country retains the trained skilled employees, the intellectual property, the innovators funded, the suppliers, and the factory. As components of a national effort to trigger a key strategic industry, those are all still there and in the US.

It isn’t the government’s job to make sure the investors make money, the government’s job is to work to keep all of these components of an industry here and to grow new ones here, and this is what has been accomplished. When a VC makes an investment, a company failing just goes on the books as a loss. But our government has succeeded even if Solyndra’s investors lost money because the country as a whole benefits. All these employees are trained, all the researchers can take what they know to other solar companies, the IP is going to be sold — and it should be part of the conditions that it be sold to an American company. So while Solyndra’s for-profit investors lost money, America’s larger effort to nurture a solar-power industry continues toward its goal with assets enabled by this loan guarantee.