Author Topic: White House Accused of Using Multi-Billion Dollar Lawsuit as Political Retaliation  (Read 337 times)

0 Members and 1 Guest are viewing this topic.

Offline Rapunzel

  • Hero Member
  • ****
  • Posts: 71,719
http://foxnewsinsider.com/2014/01/21/white-house-accused-using-multi-billion-dollar-lawsuit-political-retaliation

White House Accused of Using Multi-Billion Dollar Lawsuit as Political Retaliation
by Fox News Insider // Jan 21 2014 // 9:20pm
As seen on The Kelly File

There are new claims that the Obama administration filed a multi-billion dollar lawsuit as political retaliation against a company that didn’t do what the president wanted.

The financial services firm, Standard & Poor’s, threw down a stunning challenge in court claiming that former U.S. Treasury Secretary Timothy Geithner threatened the chairman of S&P’s parent company in a phone call that warned of consequences after the downgrade came.

It came just days after S&P angered the White House by downgrading the U.S. credit rating in the middle of the 2011 debt ceiling debate.

Harold McGraw III said, according to the sworn legal declaration, “[Geithner] said that, ‘you have done an enormous disservice to yourselves and to your country.’”

He went to attribute the following threats from Geithner, “S&P’s conduct would be ‘looked at very carefully’ he said. Such behavior could not occur, he said, without a response from the government.”

The Justice Department filed a $5 billion dollar fraud lawsuit about a year ago, accusing S&P of lying about the credit worthiness of complicated financial instruments in the run out to the 2008 financial crisis.

S&P believes the lawsuit is meritless. So is this a case of political retribution? Watch The Kelly File analysis above.
“The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.” G Washington July 2, 1776

Offline Rapunzel

  • Hero Member
  • ****
  • Posts: 71,719
Remember they threatened Gallop, too. Heaven knows about the other polling firms...
“The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.” G Washington July 2, 1776

Online rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 57,001
  • “It’s easier to fool people than to convince them
Remember they threatened Gallop, too. Heaven knows about the other polling firms...

This isn't a scandal but bridgegate is?
There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.
Public virtue cannot exist in a nation without private, and public virtue is the only foundation of republics. There must be a positive passion for the public good, the public interest, honour, power and glory, established in the minds of the people, or there can be no republican government, nor any real liberty: and this public passion must be superior to all private passions. John Adams


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf