Video: Obama Admin Accused Of Filing Standard and Poor’s Lawsuit In Retaliation For 2011 US Credit Downgrade

When Holder’s politically weaponized Justice Department filed a $5 billion dollar fraud lawsuit against S&P a year ago, who didn’t think it was political retaliation for crossing Obama?  Now, according to claims made in their multi-billion dollar lawsuit, S&P  have removed all doubt.

Via Fox News Insider:

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.

Megyn Kelly opened her show, last night, with the bombshell allegations. She had on Chief Counsel from the ACLJ, Jay Sekulow, and Chris Stirewalt of the Washington Examiner to talk about it.

Stirewalt noted that the man making the allegation, Harold McGraw III “ain’t Glenn Beck….. he’s not a conservative activist, not somebody who is known for his criticism of any political figures – or anyone at all. What he’s known for is being a white shoe, elite, New York, big business, Chamber of Commerce, gives money to Democrats and Republicans kind of guy. He’s not someone who you would ever expect to hear criticizing anyone in power from either party.”

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4 Responses to “Video: Obama Admin Accused Of Filing Standard and Poor’s Lawsuit In Retaliation For 2011 US Credit Downgrade”

  1. Truth 2014 Says:

    The continuation of the most pathetic tyranny since King John.

    Like

  2. paulfromwloh Says:

    Reblogged this on Lake Erie Conservative and commented:
    … spot on , folks … these ObamaCraps do not play nice , they play NASTY !! …

    Like

  3. Feds Finally Crack Down on 2012 Campaign Finance Fraud | Nice Deb Says:

    […] one more: Obama Admin Accused Of Filing Standard and Poor’s Lawsuit In Retaliation For 2011 US Credit Downg… […]

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