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.
Don’t misunderstand, it would have been a debacle if they had been allowed to use this spectrum.
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.