{"id":973,"date":"2011-08-19T09:29:09","date_gmt":"2011-08-19T13:29:09","guid":{"rendered":"http:\/\/blog.beliefnet.com\/faithandjustice\/?p=973"},"modified":"2011-08-18T18:34:17","modified_gmt":"2011-08-18T22:34:17","slug":"jay-sekulow-on-fox-sp-probe-payback-for-downgrade","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/2011\/08\/jay-sekulow-on-fox-sp-probe-payback-for-downgrade.html","title":{"rendered":"Jay Sekulow on FOX: S&P Probe – Payback for Downgrade?"},"content":{"rendered":"

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.<\/p>\nhttp:\/\/www.youtube.com\/watch?v=2bezNVx4Ooc&feature=player_embedded<\/a>\n

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.<\/p>\n

Now, there are detailed reports by news organizations<\/a> 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.\"\"<\/a><\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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?<\/p>\n

Coincidence or payback? Stay tuned.<\/p>\n

Get the latest on\u00a0this issue\u00a0by visting my webpage Jay Sekulow<\/a> on the ACLJ website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. Just two weeks ago, S&P expressed the ultimate concern about our economy…<\/p>\n","protected":false},"author":401,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[237,190,298],"tags":[743,300,203,303,791,202,301,305,304,299,306,792],"class_list":["post-973","post","type-post","status-publish","format-standard","hentry","category-budget-crisis","category-debt-crisis","category-economy","tag-aclj","tag-fitch","tag-fox-news","tag-investigation","tag-jay-sekulow","tag-martha-maccallum","tag-moodys","tag-payback","tag-politically-motivated","tag-standard-poors","tag-u-s-credit-rating","tag-u-s-department-of-justice"],"yoast_head":"\nJay Sekulow on FOX: S&P Probe - Payback for Downgrade? - Faith & Justice<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/2011\/08\/jay-sekulow-on-fox-sp-probe-payback-for-downgrade.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jay Sekulow on FOX: S&P Probe - Payback for Downgrade? - Faith & Justice\" \/>\n<meta property=\"og:description\" content=\"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. 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He is also Chief Counsel of the European Centre for Law and Justice (ECLJ). Jay Sekulow is one of the leading defenders of constitutional rights and religious liberties in the United States. Over the past 25 years, Jay Sekulow has amassed an unparalleled record of accomplishment, arguing before the U.S. Supreme Court on 12 occasions. His aggressive litigation strategy before the Supreme Court has led to many landmark First Amendment victories. In his first case before the Supreme Court, Jews for Jesus, Jay Sekulow secured the right of religious groups to pass out tracks in airports. In Mergens, Jay Sekulow successfully protected the right of students to form Bible clubs and prayer groups on public school campuses. In Lamb\u2019s Chapel, Jay Sekulow cleared the way for churches to have equal access to public facilities in the same way that other groups are permitted to utilize those facilities. In the Bray and Operation Rescue cases, Jay Sekulow protected the free speech rights of pro-life advocates to be free from criminal prosecution for conveying their pro-life message. In McConnell v. FEC, Jay Sekulow protected the right of young people to engage in the political process by donating to the campaign of their choice. In Pleasant Grove, Jay Sekulow paved the way for governments to be able to display Ten Commandments monuments, and other monuments of their choosing, in public parks. Through the ACLJ, Jay Sekulow engages the political, legal, and cultural battles facing America today. He routinely works with Members of Congress, advising them on proposed legislation and representing them in critical legal matters. Jay Sekulow has also testified before Congress on the constitutionality of proposed legislation. Also, in addition to being a successful Supreme Court advocate, Jay Sekulow is a highly respected broadcaster. Jay Sekulow is the host of Jay Sekulow Live! which airs each weekday on over 850 radio stations nationwide, in addition Sirius and XM satellite radio. He brings insight and education to listeners daily through this national call-in radio program. He is also the host of the ACLJ This Week, the ACLJ\u2019s weekly television program. Jay Sekulow regularly appears on major media outlets, including FOX News, CNN, ABC, CBS, and NBC, where he is sought out for his vast experience in constitutional law and his unique insight into many of the pressing legal and political issues facing America today. He is frequently quoted in the nation's leading newspapers and often contributes opinion editorials to national publications. Jay Sekulow has also published numerous law review and other scholarly articles. Jay Sekulow has received numerous honors for his groundbreaking legal work in the area of free speech and religious liberties. The Legal Times has named Sekulow one of \u201cThe 90 Greatest Washington Lawyers of the Last 30 Years\u201d and the National Law Journal has twice named Sekulow one of the \u201c100 Most Influential Lawyers\u201d in the United States. In addition, TIME Magazine listed Jay Sekulow as one of the \"25 Most Influential Evangelicals\" in America. Jay Sekulow\u2019s legal work in defense of religious liberties and human rights extends beyond the United States, having founded the ECLJ in Strasbourg, France, which maintains consultative status with the United Nations. He has also opened offices in Pakistan, Africa, and Jerusalem, Israel. Jay Sekulow is a staunch defender of Israel, presenting arguments before the International Criminal Court at the Hague. His efforts in support of Israel\u2019s right to defend itself from terrorist attacks have been commended by Israeli government officials, one official stating, \"Jay was instrumentally-involved in projects that the President of Israel and the Prime Minister put on our national agenda.\" Jay Sekulow also has a passion for educating the next generation of religious liberty advocates. He is a member of the Regent University Law School Faculty as a Distinguished Professor of Law and routinely teaches courses on constitutional law and presents guest lectures. Jay Sekulow has also started educational programs in international human rights law in Strasbourg, France and at Handong University in South Korea. Jay Sekulow is a graduate of Mercer University, earning both a bachelor\u2019s degree and doctor of jurisprudence. Sekulow served on the editorial staff of the Mercer Law Review and graduated cum laude. He later earned a Ph.D. from Regent University, writing his dissertation on American Legal History. Jay Sekulow also serves on the Board of Trustees for The Supreme Court Historical Society in Washington, D.C. Jay Sekulow, ACLJ Chief Counsels full biography and video. Jay Sekulow on Facebook. Jay Sekulow on Twitter. Jay Sekulow on YouTube.","url":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/author\/jay_sekulow"}]}},"_links":{"self":[{"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/posts\/973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/users\/401"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/comments?post=973"}],"version-history":[{"count":7,"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/posts\/973\/revisions"}],"predecessor-version":[{"id":979,"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/posts\/973\/revisions\/979"}],"wp:attachment":[{"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/media?parent=973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/categories?post=973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/faithandjustice\/wp-json\/wp\/v2\/tags?post=973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}