Posted on 09/03/2013 5:01:34 PM PDT by Oldeconomybuyer
Standard & Poor's said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in "retaliation" for its 2011 decision to strip the country of its "AAA" credit rating.
In a filing with the U.S. District Court in Santa Ana, California, S&P said the lawsuit filed on February 4 attempts to punish it for exercising its First Amendment free speech rights under the U.S. Constitution, but also seeks "excessive fines" in violation of the Eighth Amendment.
It said the government's "impermissibly selective, punitive and meritless" lawsuit was brought "in retaliation for defendants' exercise of their free speech rights with respect to the creditworthiness of the United States of America."
S&P seeks to dismiss the lawsuit with prejudice, meaning it cannot be brought again.
(Excerpt) Read more at reuters.com ...
Of course it is.
Many have called for the USgov. to ‘Stop the looting and start the prosecuting’, but that would limit the unlimited civil actions occurring now. Had the Banksters been prosecuted for their fraud after the 2008 housing market fiasco, the fed couldn’t shake them down for every little thing. We’re in a Political Economy or Corporatism. Enjoy the Decline.
The Bill Of Rights has been repealed. STFU.
Dear Comrades at Standard and Poors:
To downgrade the credit rating of the Great Socialist Government is not only harmful and seditious, it is also indirectly defamatory to Party Secretary.
In addition to fine, S&P must change their evaluation criteria to include factors of political reliability, such as obeying the diversity criteria over job performance, and adhering to the dogma of Global Warming and Prophet Algore (PBUH). Companies that support traditional values will be considered enemies of the state, supporting racismsexismhomophobia, and shoudl have their credit rating lowered to junk, regardless of the so-called healthy balance sheet. Numerical balance sheets are old school and retarded. We now be noo skool.
Do I really need a sarcasm tag?
That won’t stop the bond collapse from happening. It will only put it off a little longer for the bipartisan sturgeons of debt and make it more of a sudden surprise for the small fry.
Bravo!
Barney and Chris made all those banks you administer advance bad loans to their peeps. You had to offload them somehow. We were helping you do your dirty work. You wouldn’t have had it any other way, would you? Now we try walking the straight and narrow in rating your lousy paper and you come down on us like a load of bricks: get our CEO fired and sue us for five billion. Heck, that’s the same treatment we’d get in Russia, except there our total tax rate would be only 20%.
Thanks Oldeconomybuyer.
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