If the Obama administration used federal prosecutors to exact vengeance on Standard and Poor’s for downgrading the rating of federal debt, that would be a serious crime, an impeachable offense if it could be traced to the Attorney General or the President (not that anyone other than Democrats is interested in impeachment).  It would be evidence of thug government, where the rule of law has been replaced with the law of the jungle, using prosecutorial power as an instrument of political intimidation, as in Travis County, Texas. That’s why a recent court filing by Standard and Poor’s may lead to evidence developing that, if not a smoking gun, at least carries a whiff of cordite. The Wall Street Journal reports: Standard & Poor's claims in a new court filing that it has documents showing that government lawyers who have targeted the firm over its flawed ratings on mortgage bonds also had "intense interest in and engagement regarding S&P's...(Read Full Post)