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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. […] February 25th, 2014 | Tags: downgrade, enemies list, McGraw-Hill Company, Standard & Poor (S&P), Treasury Secretary Timothy Geithner | Category: Banking and finance, Barack Obama, Treasury Department | Comments are closed
Carol Platt Liebau Townhall 1/22/2014 In August 2011, three days after ratings agency Standard & Poor’s downgraded the triple-A credit rating of the United States, Harold McGraw — chairman of McGraw-Hill Financial — says something pretty unpleasant happened to him. From Bloomberg: In his court statement, McGraw, 65, said Geithner called him on Aug. 8, […] January 22nd, 2014 | Tags: 'The Chicago Way', credit rating, Harold McGraw, intimidation, McGraw-Hill Financial, Standard & Poor (S&P), Treasury Secretary Timothy Geithner | Category: Barack Obama, Department of Justice, Politics, Treasury Department | Comments are closed
Orin Kerr The Volokh Conspiracy 2/4/2013 The New York Times Dealbook blog has news of an important new case likely to be filed soon: The Justice Department, along with state prosecutors, plans to file civil charges against Standard & Poor’s Ratings Service, accusing the firm of fraudulently rating mortgage bonds that led to the financial […] February 6th, 2013 | Tags: housing bubble, McGraw-Hill Company, mortgage bonds, Rep. Barney Frank, Standard & Poor (S&P), subprime crisis | Category: Department of Justice, Video | Comments are closed
Hugh Schofield BBC News 13 January 2012 France has lost its top AAA credit rating from Standard & Poor’s and eight other eurozone governments have also been downgraded by the ratings agency. Italy, Spain, Cyprus and Portugal were cut two notches, with the latter two given “junk” ratings. Germany kept its AAA rating, and with […] January 13th, 2012 | Tags: eurozone, Standard & Poor (S&P) | Category: Banking and finance, Economy, European Union, Great Britain | Comments are closed
MoneyNews.com 25 Nov 2011 Former MF Global Chief Executive Jon Corzine is expected to testify at a congressional hearing next month, a committee aide said Friday, tamping down speculation that the former head of the bankrupt brokerage would decline to take part. The House Financial Services Committee announced earlier this week that Corzine, a former […] November 27th, 2011 | Tags: bankruptcy, Fitch, Jon Corzine, MF Global, Moody's Investors Service, Standard & Poor (S&P) | Category: Banking and finance, Congress, corruption, Department of Justice, Goldman Sachs | Comments are closed
Uncoverage 8/17/2011 We reported the story yesterday that shameless SEC Chief Mary Schapiro is allowing her agency to be the “useful tool” of retribution of the Chicago-Mafioso-in-Chief, as he seeks to punish S&P for the credit downgrade by alleging “insider trading.” That predatory witch hunt is a “deflection” of what is REALLY going on: If […] August 18th, 2011 | Tags: 'The Chicago Way', Bank of America, Bernard Madoff, Deutsche Bank, insider trading, Lehman Brothers, Mary Schapiro, SAC Capital., Sen. Chuck Grassley, Standard & Poor (S&P), Wells Fargo, whistleblower | Category: Banking and finance, Barack Obama, Crime, Department of Justice, Goldman Sachs, SEC | Comments are closed
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