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Geithner Warned S&P Chairman US Would Retaliate For Downgrade
Zerohedge ^ | 01/21/2014 | Tyler Durden

Posted on 01/21/2014 6:08:55 AM PST by Rusty0604

Edited on 01/21/2014 6:42:59 AM PST by Sidebar Moderator. [history]

Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”

Geithner’s response: “No risk of that.”

“No risk?” Barnes asked.

“No risk,” Geithner said.

Considering that the US was downgraded by S&P just 4 months later, one person who certainly will never forget his idiotic preannouncement, is the former Treasury secretary, Tim Geithner. And being the sore loser that everyone suspected he was (although one hopes his recent well-paid move to Warburg Pincus will help soothe his sensitivity) it will come as no surprise that Geithner told the Chairman of embattled rating agency Standard & Poor's, that its downgrade of the US from AAA to AA+ "would be met by a response."


(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy
KEYWORDS: creditrating; geithner; sandp

1 posted on 01/21/2014 6:08:55 AM PST by Rusty0604
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To: Rusty0604

What ever happened to little Timmy?


2 posted on 01/21/2014 6:13:28 AM PST by deweyfrank
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To: Rusty0604

More selective outrage by the media.

Four dead Americans, a total mess of Obamacare, a President who operates outside the Constitution, IRS using its authority to silence the administration’s political oponents, kickbacks to Solyndra, an attorney General who is a blatant racist, and the media decides to zero in on WHAT??? A traffic jamb on a bridge and a she said/ she said over hurricane funding with NOTHING to back up a Democrat’s allegations.

At this point, its not about Christie, a RINO, and political purity. Its about the mainstream media in tandem with the DNC ganging up on a potential successful competitor to Madam Hillary in 2016.

If we allow them to get away with Christie, they will do the SAME thing to EACH and EVERY GOP frontrunner between now and the election. If you ran Jesus Christ and Moses for President on the GOP ticket, they would attack them for being “insenitive” to Pharisees, Sadducees, and Pharoahs!!!


3 posted on 01/21/2014 6:17:56 AM PST by ZULU (Magua is sitting in the Oval Office. Ted Cruz/Phil Robertson in 2016.)
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To: Rusty0604
It's like a slobbering, drunk bum lying in the gutter with a vomit stained shirt getting upset at you because you have downgraded him from "sober" to "not quite sober".
4 posted on 01/21/2014 6:22:40 AM PST by KarlInOhio (Republican amnesty supporters don't care whether their own homes are called mansions or haciendas.)
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To: deweyfrank
What ever happened to little Timmy?

Doing voice-over spots for Turbo Tax?

5 posted on 01/21/2014 6:23:29 AM PST by Fido969 (What's sad is most)
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To: deweyfrank
What ever happened to little Timmy?

He should be serving time for tax evasion in my opinion.

6 posted on 01/21/2014 6:43:14 AM PST by Rapscallion (Had enough? Let me know.)
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To: ZULU

“If we allow them to get away with Christie, they will do the SAME thing to EACH and EVERY GOP frontrunner between now and the election. If you ran Jesus Christ and Moses for President on the GOP ticket, they would attack them for being “insenitive” to Pharisees, Sadducees, and Pharoahs!!!”

I for one want them to go after Christie. It’s one less candidate the Tea Party needs to worry about.


7 posted on 01/21/2014 6:52:38 AM PST by EQAndyBuzz ("The GOP fights its own base with far more vigor than it employs in fighting the Dims.")
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To: deweyfrank

Read.


8 posted on 01/21/2014 7:01:32 AM PST by upchuck (Stop this abuse now! Get behind Convention of States: http://bit.ly/1ak1Iz9)
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To: deweyfrank

“And being the sore loser that everyone suspected he was (although one hopes his recent well-paid move to Warburg Pincus will help soothe his sensitivity) it will come as no surprise that Geithner...”


9 posted on 01/21/2014 7:02:48 AM PST by Rusty0604
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To: EQAndyBuzz

He’s seriously wounded now. The rest of this crap - and crap it is - is overkill and irrelevant.

If they can make an issue of a bridge jam and succeed when they themselves have been guilty of so much more egregious offenses, they will play this again and again.

Its not about Christie per se and I agree with you. I don’t want him to run as a Presidential nominee.


10 posted on 01/21/2014 7:35:58 AM PST by ZULU (Magua is sitting in the Oval Office. Ted Cruz/Phil Robertson in 2016.)
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To: Rusty0604

If any private entity tried to influence their bond rating, by veiled threat or any other means, THE OFFENDERS WOULD LAND IN PRISON.


11 posted on 01/21/2014 7:42:31 AM PST by Mich Patriot (PITCH BLACK is the new "transparent")
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To: Rusty0604; COUNTrecount; Nowhere Man; FightThePower!; C. Edmund Wright; jacob allen; ...
that its downgrade of the US from AAA to AA+ "would be met by a response."

Nut-job Conspiracy Theory Ping!

To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...

12 posted on 01/21/2014 8:42:39 AM PST by null and void (We need to shake this snowglobe up.)
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To: Rusty0604

The US government has been subverted by Marxists; why do we even pay attention to the ratings agencies that it threatens?


13 posted on 01/21/2014 9:40:56 AM PST by backwoods-engineer (Blog: www.BackwoodsEngineer.com)
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To: deweyfrank

Wherever he is, he’s very saddened by this downgrade.


14 posted on 01/21/2014 10:24:58 AM PST by bgill
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To: null and void

oh Timmy can’t you just go away?????


15 posted on 01/21/2014 11:26:26 AM PST by Nifster
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