As the Obama administration has become ensnared in a Solyndragate investigation, Congressman Darrell Issa has launched another investigation for LightSquared in what looks like an expanding cash for political contributions scandal.
Issa, Republicans investigate LightSquared donations
Citing concerns over alleged White House influence in dispersing loans, California Republican Rep. Darrell Issa announced that the House Oversight and Government Reform Committee would begin an investigation into the wireless startup LightSquared.
On C-SPAN’s Washington Journal Tuesday morning, Issa, who chairs the Oversight Committee, named LightSquared along with the embattled solar energy company Solyndra as examples of “crony capitalism.”
“I want to see when the president and his cronies are picking winners and losers,” he explained, “that it wasn’t because there were large contributions given to them.”
Continue reading →