The New York Times Dealbook reports that S&P alleges that the US government's lawsuit against the rating agency for fraud was retaliation for the downgrade of US Treasuries. S&P cites in particular a conversation that former Treasury Secretary Geithner had with S&P's Chairman, Harold McGraw, III. Could Geithner have called Attorney General Eric Holder to direct a U.S. Attorney to file suit against S&P solely for the downgrade? How would this compare to Bridgegate?
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