Something just doesn’t seem right. It appears the Department of Justice has launched a probe of the nation’s largest credit ratings firm, Standard & Poor’s. As I told Martha MacCallum on Fox News, the timing of this development certainly raises a few questions.

http://www.youtube.com/watch?v=2bezNVx4Ooc&feature=player_embedded

Just two weeks ago, S&P expressed the ultimate concern about our economy by cutting the U.S. credit rating from a perfect AAA to AA+. First time that’s happened in the nation’s history. At the same time, two other ratings agencies, Fitch and Moody’s, expressed concern as well about the country’s economic problems, but did not issue a downgrade.

Now, there are detailed reports by news organizations that the Justice Department is probing S&P. The DOJ won’t comment, of course. But the only credit ratings agency in the government’s legal crosshairs right now appears to be S&P.

Why now? Why not in 2008? That’s when the mortgage crisis really began and fueled what many believe created what we have today – an economic house-of-cards that is on the verge of collapse.

As a former tax attorney who once worked for the Treasury Department, I certainly understand the argument advanced by many that all of the ratings agencies should have been under scrutiny three years ago when this mortgage mess began to unfold.

Granted, we don’t know what’s taking place behind the scenes, and with the DOJ not talking, we’re left with just appearances. But, I’m not sure I like what I see. The timing of all of this seems suspect to me.

Do we have a politically-motivated Department of Justice that’s retaliating for S&P’s decision to downgrade the U.S. credit rating? Or, do we have a responsible Justice Department that’s just doing its job, maybe a little late, but acting without retribution?

Coincidence or payback? Stay tuned.

Get the latest on this issue by visting my webpage Jay Sekulow on the ACLJ website.

More from Beliefnet and our partners
previous posts

Last Friday’s standing-room only hearing before the Tom Lantos Human Rights Commission was among the most dramatic I’ve witnessed.  There was outrage – outrage not just from me as I declared the State Department “AWOL” in our quest to free an American Pastor, Saeed Abedini — a U.S. citizen — captured by Iran’s Revolutionary Guard […]

One of the most important things we can do is keep the story of Pastor Saeed Abedini in the spotlight. This U.S. citizen is facing eight years in a deadly Iranian prison, convicted for his Christian faith. We know that the situation he faces gets worse day by day. He remains cut-off from speaking with […]

It’s unlike any judicial system in the world. On Monday, American Pastor Saeed Abedini went to court in Iran with his attorney to address charges of attempting to undermine the Iranian government. The real problem: he converted from Islam to Christianity 13 years ago and started working with house-churches in Iran. Pastor Saeed and his […]

An American Pastor is being held in Iran’s most notorious prison – Pastor Saeed, a U.S. citizen, has been told that he “will hang” because of his Christian faith. And, now the Iranian government has put this case on the fast track – and scheduled a trial that’s just days away. After sustaining painful beatings […]