Did the FCC try to drive a LightSquared competitor into bankruptcy? « Hot Air

Did the FCC try to drive a LightSquared competitor into bankruptcy? « Hot Air: "This is crony capitalism at its most bald: picking winners and losers through the use of regulatory intervention and favoritism. The loser in this case was Open Range, which filed for bankruptcy in October 2011, a year after the Obama administration and the FCC stuck it to them and GlobalStar. The White House instead favored a venture in which Obama himself was an early investor and whose backers were friends and donors to his campaign — and which had no chance of winning on the merits thanks to their insistence on using satellite-communications spectrum rather than spending the money buying terrestrial-communications spectrum."

Gee, what's wrong with the economy?