Philip Falcone considering bankruptcy for Lightsquared

Monday Twitchy told you of George Soros’ connection to Lightsquared and Phillip Falcone.

Now comes word that the end is near:

Phil Falcone is seriously considering a voluntary bankruptcy filing for troubled telecom LightSquared, Reuters reported late Wednesday, citing an interview with the Harbinger Capital Partners hedge-fund manager. LightSquared has faced recent hurdles with the Federal Communications Commission denying the company’s wireless network plan in February and Sprint Nextel Inc

Just a few days ago Ligthsquared was boasting they were not going away:

https://twitter.com/#!/LightSquared/status/185376562089172993

You can read more about Lightsquared at Michelle Malkin’s website here.