Let me guess, she said "WHATEVER."
Posted on 01/22/2014 6:50:06 AM PST by afraidfortherepublic
If anyone thinks "Bridgegate" is an example of political bullying and abuse of power, then the sworn (under penalty of perjury) allegation of a corporate heavy hitter against Secretary of the Treasury Timothy Geithner is off the charts. Bloomberg Businessweek reports:
Former U.S. Treasury Secretary Timothy Geithner told McGraw Hill Financial Inc. Chairman Harold W. McGraw III in 2011 that Standard & Poor's downgrade of the U.S. debt would be met by a response, S&P said.
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."
And a very serious "response" from the federal government followed:
The Justice Department last year accused S&P of lying about its ratings being free of conflicts of interest and may seek as much as $5 billion in civil penalties for losses to federally insured financial institutions that relied on the company's investment-grade ratings for mortgage-backed securities and collateralized-debt obligations,
(Excerpt) Read more at americanthinker.com ...
Boy, howdy! Just wait until JOHN BOEHNER finds out about this!
S&P wants to furnish ALL Documentation Relating To This Gross Breach!!How Will Obongo Dance Around This?Will It Be Brabded As Yet More”Racism”??
TurboTax Timmy taken to trial!
The media is communist. Anything the communists in government do, is fine with the media. Wrongdoing by communists is ignore, excused, and explained away.
If this is covered at all, it will be dismissed as a he said - he said.
But.... REPUBLICANS!11!!!!
Mob style government.
I shall never refer to the USA again.
It is the United Socialist States of America.
Hank Williams Jr wrote a song about that.
Why should we believe her? She works for Barak Obama.
“It is the United Socialist States of America.”
It’s a fact. There is no fight, the people are getting what they think they want, as prescribed by the media.
All we can do is watch it happen. Fortunately, I’m on the back 9 of life, so I’ll be on my way out when things get really bad.
The actions by more rogue agents at an office in Poughkeepsie, no doubt.
Everyone of these govt thugs ONLY wants to protect their excessive salary and massive pension and benefit package.
Guarantee them this golden handshake and they will talk — until their body is found in Marcy Park.
Boy, howdy! Just wait until JOHN BOEHNER finds out about this!
= = = = = = = = = = = = =
I think y’all just being to hard on Boehner.
After all, he has all the ongoing investigations inre Fast and Furious, Benghazi, working on the ouster of ALL illegals, steadily working on getting obimascare repealed, daily holding peoples feet to the fire for disregarding the Constitution, trying to get the Redskins to change their Racist name, investigating why the first swearing in for BO was done in private, etc etc...
Enough on his plate to make him cry.
Bombshell = Dud
This is going places. McGraw never would have done this if he didn’t think he could win.
Let me guess, she said "WHATEVER."
We’re not really socialist. The US has become more of a facist-type situation with big government and big corporations figuring out how to take away our freedoms and our economic independence. Socialists would cut out the corporations totally.
it’s the Chicago Way
I've been calling it the Socialist Caliphate of the Western Hemisphere.
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