Brian Maloney smells another shell game coming on. Me, too:

How is a company that was registered just a few days ago already in a position to bail out the newly- bankrupt Air America Radio network? From the whirlwind of news developments on this front yesterday, that one jumped right off the page.

Why? For one thing, Air America has a history of employing shell game- like tactics to keep the money moving around at all times. As with a street- corner hustler’s game, you’re never quite sure of the ball’s location, as it slides from one position to the next. Just make sure you keep one hand on your wallet.

Word that a new entity called Democracy Allies LLC (registered in Delaware so recently that touching the documents is likely to smudge your fingers) would keep Air America broadcasting, instantly rang alarm bells here at the Radio Equalizer.

Who are these people and why would they prop up a company that has already lost so much money?

Brian’s got some answers and more questions. As always, stay tuned to the Radio Equalizer.

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Sheldon Drobny speaks…and he’s not happy.