Was revenge a factor in feds’ Standard & Poor’s action?

“Standard & Poor’s is trying to show it was unfairly singled out in a $5 billion fraud lawsuit 18 months after it downgraded U.S. sovereign debt. Getting the government to provide supporting evidence will prove difficult.” [Bloomberg Business Week]


  • “Was revenge a factor in feds’ Standard & Poor’s action?”


    The current crop of losers in DC only understand the blunt instrument of retaliation and ham handed responses. I guess they really did learn the “Chicago” way. For a couple other recent examples: Witness Greenwald’s aide in London. Witness the Prime Ministers DIPLOMATIC plane being diverted and searched while looking for Snowden.

  • […] against its decision to downgrade the US’s credit rating.” [BBC; earlier here, here] My Cato colleague Mark Calabria, a specialist on banking and finance issues, sees a pattern at […]