What Did Obama Tell Geithner about S&P?

The former Treasury secretary’s famous call came five minutes after a meeting in the Oval Office.

James Freeman The Wall Street Journal 2/25/2014

Last month we wrote about the threatening phone call from then-Secretary of the Treasury Timothy Geithner to the head of the parent company of Standard & Poor’s after S&P downgraded the U.S. […]

Wall Street in Multi-Day Retreat

Adam Samson Fox Business 11/8/2012

The markets took heavy losses for a second day in a row Thursday in a broad-based retreat late in the session. Every major sector closed to the downside.

Today’s Markets

The Dow Jones Industrial Average fell 121 points, or 0.94%, to 12811, the S&P 500 dipped 17 points, or 1.2%, […]

‘Bernanke has donated billions to re-elect Obama as he inflicts out-of-control inflation on average Americans’

That is the headline this morning at The Astute Bloggers.

The Astute Bloggers 9/14/2012

…OIL IS UP.

GASOLINE IS UP.

FOOD PRICES ARE UP.

INFLATION IS GOING UP UP UP…

…But the stock market–with the lowest participation by middle class people in decades–in going way, way, way up.

While the dollar is down…

Read the […]

Boehner: Congress Will Review SEC Probe of S&P

Newsmax 4 Oct 2011

House Speaker John Boehner told Newsmax Tuesday that congressional committees will review the Securities and Exchange Commission’s recent decision to notify Standard & Poor’s that it may face an enforcement action and serious legal penalties over ratings it offered on collateralized debt obligation bonds.

Asked whether the House would probe whether […]

S&P Begins Downgrading Municipalities

Zeke Miller Business Insider 8/8/2011

Standard & Poor’s has begun to downgrade states and municipalities Monday morning after stripping the federal government of its ‘AAA’ rating.

While not unexpected, the move has far-reaching implications for thousands of local governments already burdened by steep deficits.

Among those affected so far:

Tacoma, WA. Atlanta Downtown Development Authority, […]

Our Snake-bit President

Erick Erickson RedState 8/8/2011

You know, Barack Obama not only inherited a receding economy from George W. Bush, but he inherited a triple A credit rating too. Maybe we should call him Lemony Snicket, given the series of unfortunate events that have taken place on his watch.

There was the BP Oil spill and a […]