That's not the half of it.
...Despite industry-wide protests, the firm somehow received fast-track approval for a special FCC waiver that grants LightSquared the right to use wireless spectrum to build out a national 4G wireless network on the cheap. Ken Boehm, of the conservative watchdog National Legal and Policy Center (NLPC) in Washington, D.C., summed up the deal earlier this year: “LightSquared will get the spectrum for a song, while its competitors (e.g., AT&T and Verizon) have to spend billions.”...
That would be an $8Bn hike to the value of LightSquared's asset-base.
Not a bad return on a few hundred thou in political campaign gifts.
Don't stop reading now: the best part is here:
Obama bought his Skyterra stock the very same day the FCC “ruled in favor of the company’s effort to create a nationwide wireless network by combining satellites and land-based communications systems.” [Skyterra is now called LightSquared]
Good timing. Just like Hillary's extremely astute chicken-futures purchases/sales, right??