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Geithner threatened S&P after downgrade

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posted on Jan, 22 2014 @ 11:51 AM
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From Politico



An executive with Standard & Poor’s parent company said in a new legal filing that former Treasury Secretary Timothy Geithner warned him that the credit rating firm would be “looked at very carefully” following its decision in 2011 to downgrade the credit rating of the United States. The legal document was filed as part of a case the Justice Department brought against S&P in February 2013, alleging the company defrauded investors in the lead-up to the 2008 financial crisis by giving risky mortgage bonds its highest rating. The company has alleged the suit was brought in retaliation for the downgrade — a claim Justice officials have dismissed.


Not that this should surprise anyone. It seems like the greatest accomplishment of this administration is making Richard Nixon look honest.

It kind of reminds me of Microsoft back in the early 1990's. At that time Gates and Microsoft were a completely non-political company. They didn't donate to campaigns or politicians. They came under investigation for anti-trust violations, began donating to political campaigns and just like magic they haven't had anywhere near the serious legal problems they once did.




posted on Jan, 22 2014 @ 11:58 AM
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Posted earlier here
www.abovetopsecret.com...



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