have different cyber security teams. it s not just the fib but the nsa, the cia, all of these different regulators are various entities and teams to combat cyber terrorism. this being said, there s actually groups that are called information sharing and analysis centers and they work with the private sector and the government to share threat information. and these threats are coming in hundreds of threats a day to help businesses wetter prepare themselves for these attacks. it seems like a new reality. really is. speaking of which, russia is facing its own reality. putin canceling the new year s holiday. how much can that be placed on the same-sexes the u.s. placed on russia. standard and poors is predicting in fact that there s a 50% chance they could actually downgrade the credit rating for russia just next month. and most economists expect the
and as far as looking at the evidence, really it went higher at moody s than it went at s&p. at s&p, you have people pretty close to the top. and then at the top, the ceo saying, warning the board at one point that they may be risking the quality of their ratings by chasing profits. so as a legal case it sounds as though it may be not as strong against s&p, which did get sued but they down graded. what happened this week that brought our attention to it, because the lawsuit was filed in september of 2013 is this guy harold mcgraw iii, a powerful guy, files a declaration in a lawsuit. this is sworn testimony by this man who we were told earlier this week is not a political man. not somebody who is a shield for the left or right. and let s put it on board for what he is alleging under oath. that he got a call from tim geithner after the downgrade, and he says tim geithner says
and as far as looking at the evidence, really it went higher at moody s than it went at s&p. at s&p, you have people pretty close to the top. and then at the top, the ceo saying, warning the board at one point that they may be risking the quality of their ratings by chasing profits. so as a legal case it sounds as though it may be not as strong against s&p, which did get sued but they down graded. what happened this week that brought our attention to it, because the lawsuit was filed in september of 2013 is this guy harold mcgraw iii, a powerful guy, files a declaration in a lawsuit. this is sworn testimony by this man who we were told earlier this week is not a political man. not somebody who is a shield for the left or right. and let s put it on board for what he is alleging under oath. that he got a call from tim geithner after the downgrade, and he says tim geithner says you have done an enormous
accusing the obama administration of using a multi-billion dollar lawsuit as political leverage. we talked about standard and poors, and why s&p claims it was singled out by the department of justice after the s&p angered the white house. joining me now, james freeman, the assistant editor of the wall street journal editorial page, and andrew macarthur is a former federal prosecutor. so james, let me start with you. in an affidavit that was filed this week by this guy, harold mcgraw iii who basically runs s&p, he insists this was a down grade for what they gave the u.s. treasury back in 2011. the administration came out and said we were investigating s&p long before mr. mcgraw alleges he was threatened by tim
meltdown, saying they were great, great, great, it was not just s&p, s&p s, moody and to a lesser extent, i guess, fitch. they re trying the case in the court of public opinion. s&p? yes, i m inclined to believe it is retaliation. that doesn t necessarily mean they didn t commit fraud. and because moody s should be there doesn t make them innocent but there must be a reason why the obama administration chose not to go after moody s. there was a judge in the case who actually questioned where the heck is moody s. why is it just standard and poors? you raised the question of warren buffet, is it a friendship thing or a retaliation against s&p? it is pretty weird, because until you get to 2011, and s&p says mean things about uncle sam and the credit rating, all the investigations are about both of them. the state and federal regulators, it is all focused on all of them.