[dennisw]

I could be wrong but I don’t think Lightsquared got bailout money. What started out as special treatment in getting access to this spectrum turned out to be a head fake that tricked them into investing $billions of private capital only to have the rug pulled out from beneath them.

You are right. They seem to have gotten zero from President Obama's stash. But being Democrat mega-donors they were exerting enormous pressure on the O Regime to get regulatory approval, which was denied.

[DManA]

“I’ll tell you something. This country is going to the dogs. You know, it used to be when you bought a politician, that son of a bitch stayed bought.” Roy L. Fuchs

[dr_lew]

I thought Obama had a 4G for the masses plan. Didn’t he talk that up a while ago? It seemed obvious that Lightsquared was positioned to be the vehicle for this, and would have gotten federal money as a supplier to the program.