WDAY: The News Leader

Published May 15, 2010, 02:48 PM

Sen. Al Franken: Work being done to reclaim Wall Street

(WDAY TV) - Minnesota Senator Al Franken says there is hard work being done to reclaim Wall Street. Franken says Wall Street has derailed and hasn't been operating like originally intended.

By: WDAY Staff Reports, WDAY

Investors made "bets on bets" and it all went south, leading to the meltdown. Franken wants to create a third party that rates bonds, which he says will cut out special interests.

He hopes this will restore Wall Street to what it is supposed to be doing in the first place.

“Which is invest in, allot capital to the best kind of investments and the best kind of investments are those that create jobs and create prosperity.”

Franken says his idea of a rating system is getting bi-partisan support in the Senate.