201107 July/August 2011

July 26, 2011

The Fire Next Time

What have we learned from the LightSquared fiasco?

Aside from the fact that someone gambling with other people’s money, with friends in high places benefiting from his largesse, can make the law stand on its head and our hair stand on end.

But then, we already knew that.

Just because the forces behind the broadband cellular company, Philip Falcone and Harbinger Investments, made their money by betting against the housing bubble doesn’t take away from the fact that they represent the same crew who helped take down the world economy in 2007.

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By Inside GNSS