Now Geithner is accused of political retaliation.

Discussion in 'Politics' started by rlm's cents, Jan 22, 2014.

  1. rlm's cents
    Hot

    rlm's cents Well-Known Member

    http://dealbook.nytimes.com/2014/01...reasury-secretary/?_php=true&_type=blogs&_r=0
     
  2. CoinOKC
    Fiendish

    CoinOKC T R U M P

    Will these Democrat-embroiled scandals never end? This was the Treasury Secretary, a Cabinet-level position, for crissakes! I never cared for the guy, however, after it was revealed that he was a tax cheat. I wonder why Obama ever gave him the job? Really, did America really want a tax cheat heading the Department of the Treasury? No, but Obama did. Go figure.
     
  3. CoinOKC
    Fiendish

    CoinOKC T R U M P

    Let's see if the lamestreet media reports this story as fervently as the Chris Christie non-story.

    View attachment 2261

    January 21, 2014
    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.

    http://foxnewsinsider.com/2014/01/2...-billion-dollar-lawsuit-political-retaliation
     
  4. rlm's cents
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    rlm's cents Well-Known Member

    I would be surprised if they have a single story about it unless it goes to trial of something like that.
     
    2 people like this.
  5. JoeNation
    No Mood

    JoeNation The ReichWing Abuser

    That should be your first clue that it is a non-story, but you never seem to figure that out. Instead, you make the assumption that it should be everyone else's priority because YOU want it to be an issue so badly. Since when has any organization that is under scrutiny for something they may have or may not have done wrong not tried to shift the focus to those investigating them? It's pretty routine.

    The funny part here is that it was the fault of the Republicans in the first place for the credit downgrade thanks to what S & P said “political brinkmanship” in the debate over the debt had made the U.S. government’s ability to manage its finances “less stable, less effective and less predictable.”

    Just whose side are you on in this thing anyway? A former Treasury Secretary or the organization that made your party look bad? :D
     
  6. CoinOKC
    Fiendish

    CoinOKC T R U M P

  7. JoeNation
    No Mood

    JoeNation The ReichWing Abuser

    Ah ha ha ha ha! The false equivalency is just hilarious but not unexpected by your ilk.
     
  8. rlm's cents
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    rlm's cents Well-Known Member

    I will not be covered because it is against their and Obama's agenda. It was sworn testimony. It absolutely is a story, but.....
    I made no assumption about everyone else's priority - not even yours. Just like you have with Christie, I posted it here. Period.
    Gee, and they said it was the debt. I did not realize that debating it was a problem.
    My party? Care to tell me just what "my party" is?
     

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