Franken , Wicker : Justice Dept . sued S & P for fraud in AAA ratings ahead of financial crisis . -- she was a defense attorney for many of Wall Street 's biggest players -- have rightly raised concerns about her ability to police it . They say ratings agencies got rich , taxpayers paid price , crisis touched off call for reforms . Comment: Senators : New SEC chair , May Jo White , has ties to industry , must prove she 'll enact reforms .
Franken , Wicker : Justice Dept . sued S & P for fraud in AAA ratings ahead of financial crisis . They say ratings agencies got rich , taxpayers paid price , crisis touched off call for reforms . Comment: Senators : New SEC chair , May Jo White , has ties to industry , must prove she 'll enact reforms .