Tuesday, February 28, 2012

Another Crony Capitalist De-throned

"LightSquared CEO Sanjiv Ahuja abruptly announced his resignation Tuesday amid revelations of his company’s political proximity — and his own closeness — to the White House and Obama administration officials.

The Daily Caller first reported one week ago on emails and documents that indicate political ties and numerous meetings between LightSquared and Obama administration officials as the was undergoing regulatory review." [Daily Caller]

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