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S&P filed a declaration by McGraw yesterday in federal court in Santa Ana, California, as part of a request to force the U.S. to hand over potential evidence that the company says will support its claim that the government filed a fraud lawsuit against it last year in retaliation for its downgrade of the U.S. debt two years earlier.
In his court statement, McGraw, 65, said Geithner called him on Aug. 8, 2011, after S&P was the only credit ratings company to downgrade the U.S. debt. Geithner, McGraw said, told him that S&P would be held accountable for the downgrade. Government officials have said the downgrade was based on an error by S&P.
. . . “S&P’s conduct would be looked at very carefully,” Geithner told McGraw according to the filing. “Such behavior would not occur, he said, without a response from the government.”
I wouldn't call it evil, but I must admit, their petty vindictiveness is transparent!
"Scandinavian shyster, cold hearted, glad handed, highway robber, phony big toothed smiley son of a bitch insurance man".
beezzer
Ignore, respond, learn origami.
Bassago
reply to post by beezzer
Pure Chicago politics.
To call these guys evil is going to give evil a bad name by association.
bigfatfurrytexan
reply to post by beezzer
This may illuminate my ignorance a bit on this subject...but how many times has the US credit rating been downgraded in the last 50 years?
Im not trying to compare turds or anything. I detest both parties. just the democrats a little more.