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Poster Child for Crony Capitalism
Posted on 09/25/2011 2:08:26 PM PDT by jazusamo
The LightSquared scandal is waiting in the wings.
Those vehemently opposed to this company are very concerned that it will totally mess up GPS usage.
What part of the American Military does NOT depend on GPS?????
Henry Waxman trying to poo-poo the Solyndra problem tells me that there is alot more hiding from the public in the energy department.
Exactly, and God bless Air Force General Shelton for speaking out and telling it like it is with LightSquared. Both the harm it does to our GPS system and telling the Congress Obama people tried to influence his testimony.
Amen to that, Waxman is nothing more than a commie.
There's a phrase that rings true no matter which way you parse it.
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Poster Child for Crony Capitalism
Good catch and you’re right, though I wasn’t thinking of that. :)
There already is a loan subordination law that appears to be violated in the bankruptcy. Investors are not supposed to get preferential treatment versus taxpayers in a bankruptcy. Sound similar to the Chrysler bondholders that lost to the unions.
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