Free Republic

When it rains, it pours. And there ain’t a big enough umbrella for all President Obama’s cronies and fixers to crowd under these days. While the Solyndra BGB (big green boondoggle) continues to blow up on Capitol Hill, the White House faces another pay-for-play backlash — this time from his own left flank. The liberal Daily Beast reports on a broadband project backed by a frequent Obama White House visitor and donor that has Pentagon officials concerned over potential military GPS interference. The Obama FCC took the lead in intervening on the donor, billionaire hedge fund manster Philip Falcone’s, behalf...

The Pentagon has worried for months that a project backed by a prominent Democratic donor might interfere with military GPS. Now Congress wants to know if the White House pressured a general to change his testimony. The four-star Air Force general who oversees U.S. Space Command walked into a highly secured room on Capitol Hill a week ago to give a classified briefing to lawmakers and staff, and dropped a surprise. Pressed by members, Gen. William Shelton said the White House tried to pressure him to change his testimony to make it more favorable to a company tied to a...

US hedge fund bosses threaten to move to Britain • Billionaires battle against threat of regulation • Soros says he would happily pay income tax America's top hedge fund managers staunchly defended the conduct of their secretive, high-risk industry yesterday and warned Congress that knee-jerk regulation could push financial jobs across the Atlantic to London. In a rare day of public scrutiny, the billionaire bosses of five leading hedge funds appeared before the house oversight committee to answer charges that their unregulated bets on financial markets have destabilised the global economy. George Soros, Kenneth Griffin, Philip Falcone, Jim Simons and...