[opentalk]

From related link
Politically-connected LightSquared Pushes Wireless Internet Plan despite GPS Interference Concern

...LightSquared’s current majority owner, hedge fund manager Philip Falcone, made large donations to the Democratic Party while his broadband request was pending before the FCC. He and LightSquared executives met with White House officials.

.... Falcone is facing an ongoing investigation by the U.S. Securities and Exchange Commission over some of his hedge fund dealings. Falcone has has publicly denied any wrongdoing.

Grassley asked Genachowski in an April 27 letter why the FCC did not “proceed with caution rather than step on the gas.”

“Should the government cede a valuable public resource to a hedge fund that’s subject to multiple SEC investigations?” Grassley said.

[ARepublicanForAllReasons]

And as it becomes more and more apparent that Bambi will receive about a 48-state ass stomping in Nov. '12, he will lose all restraint and try his best to live up to his promise to "be a really 'GOOD' one-term POTUS".

(Well, I suppose 9 out of 57 states isn't that bad.)