Quote:
LightSquared is a multi-billion dollar venture backed by Harbinger
Capital Partners and other hedge funds with personal links, it is
claimed, all the way back to the White House.
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And that is precisely the reason why they're getting away with it...or apparently so. Like everything else in American politics, where and when it concerns money and who funds whom, the money talks. Everything else runs even deader than last. The US GPS industry is worth $110 billion. The US communications industry is a multi-trillion dollar enterprise...guess who wins.