In Preparation For Solyndra 2, A/K/A LightSquared: A Humiliated Phil Falcone Gets Wells Notice

Tyler Durden's picture

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CPL's picture

The old shell game.


Otherwise I was waiting for this news on the Solar junkette and WFC.  Man, what a fucked up situation, pensions are taking a royal beating.

GeneMarchbanks's picture

We all act surprised on three. Ready? One...

CPL's picture

<gasp!!>  No. Way!


kk, I'm ready to act surprised now.  Let in the media.

divide_by_zero's picture

They'll cover this about as good as Solyndra, Gun Walker, Fast and Furious. The MSM will protect their man.

knukles's picture

Hah ha hah ha
Fuck Phil Falcone

CPL's picture

My thoughts exactly.

Gene Parmesan's picture

Here's a pic of Lisa Falcone for anyone else who needs it to properly digest the article:


Momauguin Joe's picture

She made her money the old fashioned way. She married it.

prains's picture

The dress looks like a giant nut sack and she's the sharp end of the prick,nice double entendre by the designer.

CPL's picture

When they bury her, bits of her will stick around for years after teh fact.

SheepDog-One's picture

90% silicone socialite reptilian droid.

Bananamerican's picture

"(Falcone) produced the song and sings along as it blasts from iPod speakers on the table: "Come on bitches, get your hands in the air, ugly bitches too, we don't care!"

a class act...criminal class

Non Passaran's picture

Sounds very egalitarian to me...

JW n FL's picture



Boca Bitchez are Hawt!

I always wondered what would make a man turn Gay.. after years of marrige.. now I know.

cbxer55's picture

I just threw up a little bit. EESH, shes quite ugly. Two-bagger.

Chump's picture

There should be an investigation into the greasy wheels for Lightsquared's bullshit terrestrial receivers, too.  Cronyism at its worst: their business proposal is radically different than what they initially proposed to the FCC, yet they get green lights until the military discovers that, yes, broadcasting right next to the GPS portion of the spectrum at a couple hundred times the power of GPS signals *gasp* disrupts those GPS signals.


unununium's picture

> prenup firmly in gold-braceleted hand.

Article states "eightteen years and no prenup."

cbxer55's picture

Some people would not know sarcasm if it bit them in the azz!

Gotta draw em a picture.

knukles's picture

Phil Falcone walks in to 21 with a ugly skank on his arm.  Barkeep asks; "Where'd you get that?"  The skank replies, "Started as a cancerous sore on my anus."

AccreditedEYE's picture

I don't think even Lloyds would cover that kind of liability... and I ain't talking about LightSquared.

Peter K's picture

Mrs Falcone will milk the newly found notoriety to its full extend, prenup firmly in gold-braceleted hand.

You go, GIRL :)

azzhatter's picture

If Mrs. Falcone had as many dicks sticking out of her as she has had in her she would look like a porcupine

Maximilien Robespierre's picture

Mrs. Falcone can always join this distraught bankers wifes support group:

William113's picture

Riddle me this. Isn't LightSquare the same company that forced an Airforce General to lie under oath. Where did that story go.

kralizec's picture

Yes.  That was buried by the MFM rather effectively, eh?

SheepDog-One's picture

And....we're back at yesterdays highs, all market losses erased by futures pumping as usual.

Although still quite a less than impressive Santa Claus rally with the DOW at 12,100.

cbxer55's picture

Them algorithms are quite happy with the way things are, no? They don't need to eat, or buy gasoline, so off to the moon we go once again. Only thing that can stop their happiness is a nice early morning EMP blast.

Seasmoke's picture

Lisa Velasquez what a mess ........back to Harlem you go

Whoa Dammit's picture

Her story in W Magazine May 2010:

An odd quote that was actaully about why she no longer walks her pig in the park:“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!” 

Georgesblog's picture

Oops! Looks like somebody landed on Boardwalk and Park Place, in the same turn, again. Now, let's see if they roll their third double in a row, and go straight to jail.

Nobody For President's picture

It truly looks like Mrs Falcone is on some sort of speed to keep her weight down, I'm concerned for her health.

And isn't Phil Falcone the bad guy in Batman Begins? Oh wait, that was his brother Carmine, presently in Arkham Asylum.

Totentänzerlied's picture

"Just because Solyndra was not enough of a humiliation for the president"

Not if +75% of the public has never heard of Solyndra (they will never hear of ShitSquaredTM either). Also, they happen to be registered voters. Yes we can! Obomba second term here we come!

Totentänzerlied's picture

"a full blown public spectacle-cum-humiliation"

Slutty Hedge Fund Wives starring Lisa Falcone?

Yossarian's picture

I understand why you guys like to pile on Falcone (his wife), but I'm not sure why you are piling on him w/respect to his LightSquared venture.  It's apparent to me that the bulk of the bad Falcone/LightSquared PR is likely derived from VZ/AT&T who do not want another competitor.  IF Lightsquared works it is good for all of us and bad for VZ/AT&T.  

Chump's picture

Lightsquared is crony trash.

Good luck, like, flying and stuff without GPS.  Or Lightsquared could like, you know, just operate on the end of the spectrum they initially applied to the FCC for.  Or they could, like, not operate via terrestrial receivers like they initially intended to.

But hey, I get it.  Angry Birds takes another 15 seconds to download on 3G.

Yossarian's picture

It is my understanding that the GPS problem is a result of the fact that the manaufacturers of devices that use GPS cut corners by not equipping those devices with technology that would have prevented this problem.  Thus the burden should be on them to equip their devices so that they stay within their on spectrum.  But I am not an expert and am open to persuation... 

Chump's picture

High-order precision GPS applications occupied their area of the spectrum first.  The FCC grants blocks on the spectrum specifically to avoid these sorts of conflicts.  Expecting manufacturers to anticipate any and all industry happenings for decades to come when designing their hardware is ridiculous, especially considering Lightsquared's terrestrial transmitters would operate at hundreds of times the power of these precision GPS receivers.  It's not about existing GPS units staying within their area of the spectrum (that doesn't really make sense anyway, they don't meander about).  The problem is that Lightsquared's signals within IIRC 26 miles of any of their proposed tens of thousands of terrestrial transmitters literally drown out any signals on adjacent portions of the spectrum.  Even when it was strictly proposed to be a terrestrial receiver service Lightsquared was only permitted to operate at nearly the opposite end of the spectrum from GPS applications.  Now that they've lubed up their cronies they're operating right next to the GPS end.  Silly, all to save a few million on billion-dollar technology.

Some estimates have retrofits for, just as an example, car navigation units at $300.00 a pop.  How much is a car navigation GPS unit currently?  Retrofitting a precision-surveying GPS totalstation is estimated at anywhere from 6K-10K.  These units cost approximately 30K new.

So no, this is Lightsquared's baby.  They initially applied for terrestrial receiving, not transmitting.  It's an entirely different business proposal and thus voids their initial FCC temporary license.  I'm not saying they can't do this, but they don't have the right to infringe on existing property and spectrum frequencies simply because they know which people to grease.  Hence my charge of cronyism.  It makes me sick.