Has Julius Genachowski, the Chairman of the Federal Communications Commission (FCC), met his match in Senator Charles Grassley (R-Iowa)? Genachowski, a buddy of President Obama from Harvard Law School, has brought a culture of wheeling and dealing to the FCC, on whose decisions billions of telecom dollars often ride.
Grassley says that he will hold up two nominations for the Federal Communications Commission (FCC) until the Commission provides documents that he has requested relating to LightSquared, a broadband company owned by the Harbinger Capital hedge fund.