It sounds to me like your position is that the government shouldn't make loans with your tax dollars if there's any chance of it being lost. Period. Is that right?
But even though Solyndra's money was lost the entire program that included them is now expected to make $5 to $6 billion for the federal government over the life of the program. That's $5 or $6 billion more than they would have had otherwise and over 10% profit. So they haven't lost money.
Nov. 13 (Bloomberg) -- The U.S. expects to earn $5 billion to $6 billion from the federal program that funded flops including Solyndra LLC, bolstering President Barack Obama’s decision to back low-carbon technologies.
As the article explains the program was there to fund worthy projects that VC's wouldn't especially in the aftermath of the 2008 crash. I'd say the bureaucrats judgement of risk was pretty good if the program's making a profit.