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 .
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 . They say SEC 's new study on ratings system shows conflict of interests led to financial crisis . Senators : New SEC chair , May Jo White , has ties to industry , must prove she 'll enact reforms .