Well, how to lose 14 billion or die keep trying: "Wall Street guru Philip Falcone placed a $14 billion bet on what he thought was a sure thing. Two years ago, his company had the blessing of the Federal Communications Commission to use satellites to bring cellular service to the farthest reaches of the country, a high priority for President Obama. Today, the FCC has put the project on ice, all but killing it. " http://www.washingtonpost.com/busin...ip-falcone/2012/04/05/gIQAr4EQyS_story_1.html The issues are a bit complicated but I think this response summarize them correctly: "No, the government does not owe Lightsquared anything. What the article neglected to mention was that Falcone bought spectrum in the low-power satellite portion of the spectrum and then tried to exploit a loophole to transmit high-powered, ground-based signals on that spectrum. This is not some minor technical hitch, it is fundamental to both the problem and Lightsquared's business model. This is like buying a residential lot, trying to build a landfill on the property, and then crying politics when your permit gets yanked because the neighbors rightly point out that your dump will spill over onto their land."