Commodity Trade Mantra

Posts Tagged ‘Rating Agencies’

Geithner Warned S&P Chairman US Would Retaliate For Downgrade

McGraw said Geithner called him on Aug. 8, 2011, after S&P was the only credit ratings company to downgrade the U.S. debt. Geithner, McGraw said, told him that S&P would be held accountable for the downgrade. “Such behavior would not occur, he said, without a response from the government.”

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