Eric Holder never saw the Black Panther voter intimidation case as noteworthy. He never noticed Fast & Furious though his right hand man discussed it on TV in 2009. Holder does, however, notice anyone who doesn’t follow the administration’s dictums.
As predicted, the administration, specifically, the DOJ, will investigate S&P. They are not investigating Fitch or Moodys or Barney Frank or Chris Dodd, just S&P. Our thugocracy does not allow anyone to oppose them. S&P gave us a AA+ rating with a negative outlook because we are spending ourselves into oblivion. It’s a rating we probably should have gotten years ago.
According to the New York Times and Business Insider, the DOJ is reportedly interested in instances where raters wanted to give lower ratings to bonds, but were overruled by executives in the years before the financial crisis.
Ed Sweeney, a spokesman for S&P, said in an e-mail to The New York Times’ Louise Story: “S.& P. has received several requests from different government agencies over the last few years. We continue to cooperate with these requests. We do not prevent such agencies from speaking with current or former employees.”
Allegedly, this investigation began before the downgrade, but there is a sudden urgency now that the U.S. has a lowered rating. I guess we could even call it a new crisis and it will be used to put S&P in their place or possibly even destroy them. Make no mistake, this government is dictatorial and unjust.
Read more here: Mad-as-a-Hatter in Chief, he never disappoints.