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Did Obama’s former investment play role in pressuring 4-star general to change testimony?
Hot Air ^ | Sep 17, 2011 | Ed Morrissey

Posted on 09/17/2011 9:12:46 PM PDT by BAW

Presidents put their investments into blind trusts when they take office in order to avoid the appearance of conflicts of interest. Well, most modern Presidents do, anyway. It seems that Obama considers himself an exception to this rule, or at the very least he did until April 2010. The Washington Post’s Michael Shear reported at that time that Obama had refused to establish a blind trust . . . snip

. . . The records are not on line, but the White House website does have a request page, which promises to send a PDF of the financial disclosure forms quickly. I’ve requested a copy and will check to see whether Obama still holds any position with LightSquared. I’m going to guess no, only because it appears from Shear’s article that Obama converted most of his holdings into bonds in order to avoid the blind trust.

However, as the HuffPo report notes, that’s not the only problem in this scenario. It’s clear that even if Obama divested himself of LightSquared at some point, he has remained close to the other investors. If the White House pressured Shelton in order to benefit these investors, then we need to find out whether Obama gave that order himself on behalf of his cronies.

(Excerpt) Read more at ...

TOPICS: News/Current Events
KEYWORDS: fccchairman; gps; juliusgenachowski; lightsquared; obamainvestments; philfalcone
Didn't see this part of the LightSquared story posted yet on FreeRepublic.

Didn't know Zero didn't have a blind trust for his investments. And, didn't know he once had an interest in LightSquared.

Can this White House get any dirtier????

1 posted on 09/17/2011 9:12:51 PM PDT by BAW
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Again the rank hypocisy of the MSM is appalling.....if this was a Bush issue...every print and electronic media would be all over it 24/7

2 posted on 09/17/2011 9:20:00 PM PDT by Popman (Obama is God's curse upon the land....)
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You can take Moochelle and Barry out of Chicago but you can’t take Chicago out of Moochelle and Barry

3 posted on 09/17/2011 9:24:11 PM PDT by silverleaf (Common sense is not so common - Voltaire)
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It looks to me like it’s high time for Eric the Bigot to appoint a special prosector on a whole host of stinks like a damn skunk coming from this cess pool of a white house...

4 posted on 09/17/2011 9:24:50 PM PDT by chris37 (representative)
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To: Popman

or a Cheney issue

How many years did we get subjected to yaps about “Halliburton”

5 posted on 09/17/2011 9:25:24 PM PDT by silverleaf (Common sense is not so common - Voltaire)
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IIRC, Hillary and Bill used the military staff as servants and bellboys, so why would it shock anyone if this couple are even worse?

6 posted on 09/17/2011 9:37:05 PM PDT by 2ndDivisionVet (I'll raise $2million for Gov. Sarah Palin. What'll you do?)
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To: BAW; 2ndDivisionVet
IN addition to the apparent cronyism and corruption the Obama administration was involved with in supporting Lightsquared donors, Lightsquared technology itself will have a great adverse effect on GPS location systems, both militarily and commercially.

See this link to review the results of the tests the military conducted together with commercial interests. The technology will essentially destroy the GPS capability we have come to rely on these past few years. It's impacts will be felt in all areas of commerce and public safety.

7 posted on 09/17/2011 10:13:06 PM PDT by CedarDave (Hurricane Irene -- cleanup will give the economy the stimulus Obama wants (US taxpayers pay))
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" Can this White House get any dirtier???? "

The new ( has been from old ) litmus test now is to see how corrupt and low a Democratic Presidential candidate can go.
8 posted on 09/17/2011 10:43:44 PM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: American Constitutionalist


9 posted on 09/17/2011 10:47:43 PM PDT by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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To: chris37

The fact that this douchebag hasn’t been fired already tells us that he’s on the take BIG TIME.

All of a sudden I hear Steve Miller singing...

Go on, take the money and run.......

Think I’ll head on over to youtube.

10 posted on 09/18/2011 12:26:29 AM PDT by onona (You might like Steve Earle's song "Galway Girl"....oh alright, it's for a look at Sharon Shannon !!)
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Anyone remember Global Crossing?

11 posted on 09/18/2011 1:06:04 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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There was an article posted here a few days ago about LightSqaured and it mentioned that when Obama got the proceeds from his book “Dreams....” he wanted to make some investments, so he took $50,000 and put it into LightSquared.

First, I would like to know why he chose them.
Second, it never mentioned when he cashed out.
Third, it never mentioned his relationship with them.

Yes, we had to endure the “Halliburton” lie for 8 years.....where are they now?

12 posted on 09/18/2011 4:19:40 AM PDT by Erik Latranyi
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The Teapot Dome Scandal was microscopic in comparison.

Nothing to see here. Just move along...

13 posted on 09/18/2011 7:38:48 AM PDT by UnChained (The "stimulus" CAUSED the economy to tank.)
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