How do you spell “retaliation”? The DOJ is suing S&P purportedly for ignoring “its own standards to rate mortgage bonds that imploded in the financial crisis and cost investors billions.” Or is it really for downgrading U.S. sovereign debt for the first time in history in 2011? Not retaliation, it’s the Chicago Way.

{ 9 comments… read them below or add one }

PsychoDad February 5, 2013 at 8:47 am

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Wow. Just wow.

“Consider this passage from Cicero’s On Duties:

Whoever governs a country must first see to it that citizens keep what belongs to them and that the state does not take from individuals what is rightfully theirs. . . . As for those politicians who pretend they are friends of the common people and try to pass laws redistributing property and drive people out of their homes or champion legislation forgiving loans, I say they are undermining the very foundations of our state. They are destroying social harmony, which cannot exist when you take away money from some to give it to others. They are also destroying fairness. which vanishes when people cannot keep what rightfully belongs to them. For as I have said, it is the proper role of government to guard the right of citizens to control their own property.

It’s hard to believe it was written circa 44 B.C., not the day before yesterday.”

No kidding. No effin’ kidding.

flashingscotsman February 6, 2013 at 5:50 pm

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Some of them old white guys knew their shit, huh?

Big Al February 5, 2013 at 8:48 am

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Thugocracy.

poppajoe49 February 6, 2013 at 5:41 am

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AKA “The ‘O’ Cracy”

deepthinker February 5, 2013 at 9:23 am

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Pissed der leader off, so now it’s time to slap S&P back in line. Screw the facts that our economy is in the toliet and its headed down the drain because of the policies of this administration.

Joe Redfield February 5, 2013 at 9:39 am

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Kill the Messenger!(No matter what the message happens to be.)

Bonfire of the Absurdities February 5, 2013 at 10:26 am

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Considering the shit (bull and other animals’) that comes out of Hollywierd these days, he should fit right in.

wooo000woah February 5, 2013 at 12:56 pm

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oh boy, if we’re going to open that can of worms, let’s fkn have at it – EVERYONE. Let’s see it. All. Feds, Federal reserve, justice dept, big banks, fannie, freddie, let’s get it alllllout in the open for everyone to see.

oh wait, that would be transparency.

oh wait, that would cause the utter collapse of the currency.

apparently its not going to be bad enough if it collapses right now.

Progressive Hemrrhoid February 5, 2013 at 2:15 pm

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Didn’t they do the same thing to Gallup when they started posting negative poll numbers a month before the election?
Looks like President Downgrade wasn’t too happy about that either.