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Phil Falcone's Downfall Is Complete: LightSquared Files For Bankruptcy
The fall of the man, whom everyone wanted to work for back in 2006, is now complete.
- LIGHTSQUARED, FAILED WIRELESS VENTURE, FILES FOR BANKRUPTCY
- LIGHTSQUARED 74 PERCENT-OWNED BY FALCONE’S HARBINGER CAPITAL
- LIGHTSQUARED’S PLANNED HIGH-SPEED NETWORK INTERFERED WITH GPS
However, the best news for federal and New York tax returns and state employment, is that one or more divorce lawyers will be filthy, filthy rich in the next 12-36 months. Which is in now way related to any of the above. At all.
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A lot of bankruptcies being filed lately. Anyone have a complete update? Thanks in advance.
http://www.dailyjobcuts.com/
fuckedcompany.com
If it still exists. Employees would write in about the layoffs in their respective dot.bomb and I would be finding shares to short the next moment.
The alternative is luckedcompany.com is sister site taht shares good news...it was fairly small and ignored.
He lost all his money and then some, this guy had it all. Also he most definitely will lose his wife, she's a major golddigger in Newyork.
hack3434
What asshole downvotes a site dedicated to reporting Daily Job losses?
Make that two assholes.
uhhh...Just skip it if you don't like it.
Answer: Not nearly as many as those who downvote people who complain about downvotes
Well I guess it's LightsOut then, isn't it.
Bahaha...
Employee of Obama's campaign.
Thanks
Just the growing pains of a healthy economy. The future looks bright, indeed!
I am keeping an eye on silver wheaton. Holy horseshit.
Today it was Government-Owned GMAC/ALLY Bank subsidiary ResCap.
YOU are on the hook for most of that one.
HUNDREDS OF BILLIONS OF DOLLARS wasted by Obama and the Democrats on crony deals like Light-Squared, Solyndra, THINK!, EnerDel, A123, OpenRange, Beacon Power, etc...
YOUR STIMULUS DOLLARS AT WORK! (making Democrats filthy stinkin rich.)
LightSquared is not government backed.
LightSquared is not government backed.
If you look up the word Denied in the FCC's dictionary, LightSquared's logo would pop up. The FCC denied LC's effort to create a 4G LTE network, which doomed them. Remember, this company's shares are 96% owned by Falcone.
This is the polar opposite of being government backed.
Try a search engine
A WISH TO LIVE FOREVER I met a fairy who said she would grant me one wish. Immediately I said, "I want to live forever." "Sorry," said the fairy, "I'm not allowed to grant eternal life." "OK," I said, "Then, I want to die after Congress gets its head out of its ass!" "You crafty bastard," said the fairy.
ZippyBananaPants
I thought they wanted to be called Gay not Fairies?
That's a queer comment
Levadiakos
The fruit always falls close to the tree.
Flies seem to be attracted to fruit.
+1 That's funny, I don't care who you are..
Don Quixote finally crashes into the windmill ...
Where is that list of "FAILED OBAMA 'Taxpayer' INVESTMENTS" when you need it?
Did the government invest in lightsquared? Fox news and business didnt discuss it --> most likely government not involved
Gee, all those samoleans he paid off to Barry to get the FCC off his back didn't pay off.
Yes, he too, was screwed by The Gay President.
We drank from the fountain of good times and dreaming
But these lawyers have poisoned the well
And as our love is dying they're making a killing
On heartaches and furniture sales
Any recent pictures of his wife ?
Here is a current Vanity Fair, hurry up though, she may be found in a closet on a dog chain soon.
http://www.vanityfair.com/society/features/2011/07/falcones-201107
Money 4 Nothing
Only Men seem to die that way.
But they die happy.
Hung Fu, Bitches!
Lol! Your right,
http://www.dailymail.co.uk/news/article-2119922/Mystery-wives-oligarch-gunned-London-street.html
No he's not, and neither are you:
http://abcnews.go.com/blogs/headlines/2011/09/rebecca-zahaus-boyfriend-w...
Guess he didnt get the memo to BTFD. When you dip , i dip, we dip.
http://www.youtube.com/watch?v=dZPQdZLyHYE
Let's hear two cheers for Eliot Spitzer revenge, you WOP.
goforgin
So, were you married into an Italian family too?
wonder why foreclosures are up 557% in CA? must be magic....
now rev. wright has some company under the bus - you go bambi
due diligence and risk reward fail
"However, the best news for federal and New York tax returns and state employment, is that one or more divorce lawyers will be filthy, filthy rich in the next 12-36 months."
Haha... so true.
Warren Zevon: Lawyers Guns and Money... Our new National Anthem.
http://www.youtube.com/watch?v=tXN4zAKRvVo
Wall St. has been pumping and pumping all day....makes absolutely no sense! This keeps happening. And here I am again with this strong gut feeling it's going to take a huge dump any moment.... been wrong about this on so many days - they just have a miraculous b.s. holding power. But they just have to let loose sometime!!! :-)
"Wall St. Heavily Constipated, Massive Evacuation (over)Due" ...
Actually, it makes perfect sense as soon as you understand that it has nothing to do what so ever with you making money - unless you're on certain peoples' speed-dials, that is.
Short interest is near all-time highs. And this has accumulated whilst the market has generally trended UP! "Someone" is buying, and buying huge. But that "someone" isn't the retail investor, who continues to withdraw funds from the markets.
I was wondering if her Movie career would be cut short by this.
oops.
Damn and I was just about to go long...
Pfft - who cares. The PPT got an early start today has has been BingTFD since 10:30 to close this bastard green today. Wheeeeeeeeeeeeeeeee!!
Don't worry about Falcone, he got plenty.
Operation GoldDiggerExposedTM commenced...
They should have gone to Bain Capital for help !
Most of your debts get wiped in BK... that's not a downfall by any means. Donald Trump thrives off BK.
Lisa Falcone is one hot chick.
Men of the world are soooo lucky that she is soon going to be back on the market. Hurry up boys b/f her face melts.
lizzy36
MMMMMMYYYYYYYY EEEEEEYYYYYYEEEEESSSSSS TTTTTTHHHHHHEEEEEYYYYYY BBBBBBBUUUUUUURRRRRRRRRRRNNNNNNNNNNNNNNN!
Dayum, thats a lot of ugly in encassed in a very expensive wrapper.
He may be praying for a divorce
Wait, he may have just engineered his entire bankruptcy just to avoid having to pay that thing alimony
HELL, HE MAY HAVE ENGINEERED THE ENTIRE GLOBAL MELTDOWN JUST TO HAVE TO AVOID WRITING SNOOKI'S MOM A CHECK!!!!!
That's an insult to snooki's mom. That is one ferociously ugly woman.
Look here, another NJ Riviera princess.
That's one sick looking woman. Falcone must have been in bad shape financially for a long time, the man obviously couldnt afford to feed his wife a proper meal.
That's definitely a distinctive sense of fashion. Like bad expensive contemporary art, it takes a lot of money to dress that way.
Dolly Parton supposedly said (of her own rather different style): "It takes a lot of money to look this cheap."
Speaking of piigs, you can't make a silk purse from a sow's ear.
Of course, this next tune applies to more than the subject at hand...:
http://www.youtube.com/watch?v=nPfmcGP1kLs
(before he sold out)
Too frickin skinny for me Lizzy...
What are you insinuating? That his beautiful, beatiful wife will leave him?
Ummm...inorder for the lawyer to become "filthy rich", there must first be money involved. I don't think a piano playing pig will rack in the dough.
firstdivision
"I don't think a piano playing pig will rack in the dough."
Stop insulting Elton John!
Gully Foyle
Are you trying to break your own record for dumbass comments in one thread?
Wonderdawg
You forgot to bold your text, Gully has a very unique format to his posts.
'The fall of the man, whom everyone wanted to work for Filth back in 2006, is now complete.'
Everyone?.....not everybody had such low ambitions.
ZH should now start to focus on Energy Future Holdings. this may be a much bigger and more serious potential bankruptcy
“I used to walk him to the park until one day I had somebody taking a picture of me and the pig,” she says. “I thought, Oh, my God! I can see it now. My husband will lose his whole business, and it will be me, the pig, five dogs, a cat and my daughters out on the street, no place to live!”
5/7/2010 Lisa Falcone
How ironic!
Exhibit C: Does the debtor own or have possession of any property that poses or is alleged to pose a threat of imminent and identifiable harm to public health or safety?
Answer - have you ever seen the guy's wife? My guess is that being within a hundred feet of that thing would be either a major health threat or a major public safety threat, or both.
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