Franken Calls for Oversight of Ratings Agencies By Joe Conason
With world markets suddenly sagging under the weight of the Standard & Poor's Aug. 5 downgrade of Treasury bonds, Sen. Al Franken, D-Minn., is disturbed by the monopolistic power of the ratings agencies -- and still determined to curb their abuses, as he tried to do last year with an amendment to the Dodd-Frank banking reform bill.