Showing posts with label Treasuries. Show all posts
Showing posts with label Treasuries. Show all posts

Thursday, January 23, 2014

In the "Oh No They Didn't" Category

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?