Last week we learned that the Obama team asked Timothy Geithner to lie when speaking to the press, as was revealed in his newly released book, “Stress Test: Reflections on Financial Crises”. This seems more like “Business as usual” for the Obama administration – directing the dialog.

Interestingly, something not revealed in Geithner’s memoir was a phone call he made after a meeting with Obama in the Oval Office the day Standard and Poor’s (S&P) stripped the US of its Triple-A credit rating. Remember that? A devastating day. Especially for Obama and his Administration. After Geithner left Obama he made a phone call, and the courts want evidence of this phone call.

From The Wall Street Journal:

McGraw Hill CEO Harold McGraw III says Mr. Geithner then called and told him that “you have done an enormous disservice to yourselves and to your country,” and that S&P’s conduct would be “looked at very carefully.”

Apparently the Justice Department is suing S&P for $5 billion over flawed opinions on mortgage bonds. Funny thing is though, Justice isn’t suing, nor has it sued any other company for this very reason. It is political payback. Thuggery.

More from The Journal:

And based on Mr. Geithner’s telephone threat, last month Judge Carter concluded the government should start turning over documents. Mr. Geithner recently asked the judge to quash a subpoena from S&P, citing cases in which judges had protected federal officials from having to provide documents and sit for depositions.

But Judge Carter denied Mr. Geithner’s motion, saying S&P hasn’t yet requested a deposition and that its requests are appropriately narrow. We hope the judge allows depositions under oath and full discovery to determine if this lawsuit is as political as it sounds.

Oh, it’s political alright. Chicago style politics at its best, but with the full force of the federal government behind it. The Justice Department may have started this lawsuit, but it sounds like the S&P is fighting back. Our Constitution at work, hopefully putting this corrupt administration in its place.