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





…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 […]