Author Topic: White House Accused of Using Multi-Billion Dollar Lawsuit as Political Retaliation  (Read 357 times)

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Offline Rapunzel

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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

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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

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Remember they threatened Gallop, too. Heaven knows about the other polling firms...

This isn't a scandal but bridgegate is?
"Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports. In vain would that man claim tribute to patriotism who should labor to subvert these great pillars of human happiness -- these firmest props of the duties of men and citizens. . . . reason and experience both forbid us to expect that national morality can prevail in exclusion of religious principles."
George Washington

"Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters."
Benjamin Franklin


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