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Independent voices from the The Washington Times Communities
Topic - Globalstar Inc.
Nearly a year after members of Congress called for an investigation into the collapse of a Colorado wireless company that went bankrupt after receiving a multimillion-dollar loan package from the George W. Bush administration, a trustee is suing the Obama administration over accusations that officials hastened the wireless firm's collapse.
Wireless provider Open Range Communications recently filed for bankruptcy owing U.S. taxpayers more than $70 million from a loan awarded in the waning days of the George W. Bush administration, but now creditors are faulting the Obama administration's handling of the loan.