By The Right Scoop


CNBC Rick Santelli questions whether there is a political motive behind the Dept. of Justice suing S&P.

Watch:

(h/t: NRO)

About 

Blogger extraordinaire since 2009 and the owner and Chief Blogging Officer of the most wonderful and super fantastic blog in the known and unknown universe: The Right Scoop

Trending Now

Comment Policy: Please read our new comment policy before making a comment. In short, please be respectful of others and do not engage in personal attacks. Otherwise we will revoke your comment privileges.


NOTE: If the comments don't load properly or they are difficult to read because they are on the blue background, please use the button below to RELOAD DISQUS.

  • LibLoather

    Who wants to bet that S&P is about to downgrade the U.S. Government’s credit rating??

    • bbitter

      yup

    • NYGino

      Had the same thought LL. Typical Chicago style, attack anyone or anything that has anything to say about the incompetence of the regime. A downgrade, again, in our credit rating would be taken as a personal affront to the impostor, and it should be.

      • GWShrub

        Indeed!

    • physicsnut

      S&P should have been sued 6 years ago when they were stamping rancid garbage as AAA rated. Have only been screaming about it for that long.

      • cheyennecowboy

        Perhaps you should have a look at Barnie Frag and Chris “special favors” Dodd. Talk about RANCID GARBAGE! These two guy are the cause and effect of the whole financial downfall. PERIOD! Yup! Force banks to make loans to folks they knew didn’t have the wherewithal to get loans by submitting proper credentials and to make payments. Lo and behold, they were right…they couldn’t make the payments and the whole thing came tumbling down. Borrow 120% of the value of your house. You gotta be kidding me. Frag and Dodd…the real culprits, they’re the ones who should be in jail!

  • Dukehoopsfan

    “CNBC Rick Santelli questions whether there is a political motive behind the Dept. of Justice suing S&P.”

    I would be shocked to find out that there was a political agenda behind any activities of the most transparent administration in our history. /sarc

  • sDee

    Fishy?

    I guess after what they did to the CEO of Whole Foods who called it what it is, jack boot facism, Santelli decided to be more subtle.

    • T4Ut

      I must have missed that one, what did they do to him?

  • deeme

    The word Justice in the Department of Justice smells fishy..

    • tinlizzieowner

      It’s the Dept. of ‘Just-Us’. ;-)

  • badbadlibs

    If holder and bo are for it, then you can bet the farm it’s got a political motive, it’s geared to help bo, his head henchman and hurt America.
    That is the bottom line for the wretched man, his imps and nobody in the WH believes there is anything or anyone to stop them from doing whatever they want….and, they’re right, sadly.

    • NYGino

      There is one thing that can stop him. The last time it was used was about 237 years ago.

      • GWShrub

        Like….”..the shot heard round the world?”

      • tshtsh

        They are already eroding the Constitution. If the good guys lose, will we be the United Socialist of America. As evidenced by the last election, it will not be an honorable “man” maded (whatever they call it).

      • badbadlibs

        The tyrants are better armed these days. Drones are or will shortly be used in King County, Washington….just to make sure everyone’s okey dokey, don’t you know…..or some other farce of a reason.

        • Patriot077

          do you have a link?

  • sjmom

    Does the Obama administration do anything which is NOT political? At least now I know why Moody’s hasn’t downgraded the US, good ol’ Warren is involved.

  • crosshr

    Why on earth would S&P wanna do such a thing ! it make the regime and the pop messaiah look bad ! don’t we trust Oblue’s policies anymore ? By 2014, our projected deficit be around 20T.and climbing ! sarc !

    • badbadlibs

      yea, what’s the matter with folks! Don’t they like debt, don’t they understand how it’s good for people to live under the task masters of China….
      ;)

      • crosshr

        all I want is a free phone ! lol !

        • badbadlibs

          I’m still waiting for my hand outs too! :)

  • Sober_Thinking

    Of course this is something political. Of course the criminal DoJ is going to sue them… of course.

    This is a corrupt government run amok.

    This sickens me. Holder… Obama… these guys are thugs and criminals… nothing more and nothing less.

    • tinlizzieowner

      “Of course this is something political”.

      If Obama has Holder involved in it, it’s ‘political’. Remember the ‘Black Pampers’ incident? (the ‘Pampers’ isn’t a typo) ;-) ;-)

      • Sober_Thinking

        :)

  • http://profile.yahoo.com/S3V2BVIDXBB7HOKPRQRZCBZH74 TIMERUNNER

    Sorry Rick we haven’t got time for serious questions. Who cares about loans, spending and the blame game, after all it’s Bushes and the republicans fault, We all know democrats were on Mars during the past 60 years…right? Besides we have much more to be worried about from the enemy within:

  • Nukeman60

    If it walks like Rick Santelli and talks like Rick Santelli, then you can bet your bottom dollar there is truth to what you hear.

    Next up for DoJ investigation – Rick Santelli.

    Why is it that the DoJ, using my money can sue anybody they want, but I can’t sue the DoJ? What’s up with that? Haven’t they done enough yet to be sued over?

  • http://profile.yahoo.com/ZVCGRG62NAGQXJ6ZNE4JCTVVTU Ray

    It is extortion. They did not do what the justice department asked them to do, and that was to take back the downgrade. Now they are going after them with our tax dollars.

  • http://pulse.yahoo.com/_OQI5D66OXO7X2FE4NVCZC7BAMA Joe

    I guess Santelli will have an IRS AUDIT this year !

  • http://profile.yahoo.com/QAKZCLNIAW6JBITTRPQM7H2P5E Jamie

    Time to rally around Rick, I have emailed him several times… this man is a voice of reason in a sea of idiots.. Please email him and tell him to keep it up..a true patriot is how I see him, needs our support Rick.Santelli@nbcuni.com

  • 57thunderbird

    Whoa!President Downgrade must really be upset.

  • Myptofvu

    Couple things, First when he said S&P was the only rating agency to down grade the US he was wrong. Egan Jones had alreadk down grated the US and the Gov went after them blaming them for causing S&P to downgrade next. All they could get them on was a small filing error in their application and the suit recently got settled with Egan Jones getting prohibited from ratings for 18 months.

    Second he asks why weren’t Moodys and Fitch also being attacked by the Gov. One reason could be that diff rating agencies are known to specialize in diff things. Moodys is known for Bonds it could just be that the S&P was the leader for the CDO’s but they all do everything its just that some specialize in one area more than the other. But what he says is true why is it S&P gave the downgrade and theyre the only agency being looked at for their CDO ratings and add to that what I told you about how the Gov went after Egan Jones Rating Agency.

  • davienne

    when it gets out that we will be downgraded again .. more people will see what a failure the imposter and thief is…
    we will be downgraded again …. no doubt

  • stc1958

    Guess Rick will see the process server next week. What a miserable administration.

  • ApplePie101

    Go on speaking truth to power, S&P. It’s reassuring to know that at least someone has standards.

  • repubboy

    The Obama administration and his minions Holder and the DOJ going after one the most highly rated credit reporting firms ever these guys tell the truth.. unlike Obama and the boys and girls.. I hope S & P puts these buzzards in their place !

  • http://profile.yahoo.com/44F4AB4VSCTOCHBMBG4ZWWD5OU Laurel

    Yeah Rick…it’s called retaliation.

  • white531

    In any corrupt regime, the first thing you have to do, is shoot the messenger who calls it a corrupt regime.

  • http://pulse.yahoo.com/_GDJGRV2MMCB6P2ZYTUZW6BHFVA Richard

    When do they go after us for voicing our opinions?

    • tinlizzieowner

      Any time now. :-(

  • tinlizzieowner

    We’re talking about Holder’s ‘Just-Us’ Dept. here, so anything goes.