Sen.-elect Elizabeth Warren (D-Mass.)—the visionary behind the Consumer Financial Protection Bureau, the former bailout watchdog, and no friend of Wall Street—has reportedly snagged a seat on the powerful Senate banking committee, which writes the regulations for the banking industry.
The Huffington Post, citing four sources "familiar with the situation," says Warren has locked up a seat on the committee. Politico confirmed the news soon after. Warren's spot on the committee must still be approved by the Senate Democratic caucus, which is expected to happen. The news comes after Mother Jones reported last month that big banks and their lobbyists in Washington were pushing to keep Warren off the committee.
Yeah I BET the banks were trying to keep her off of this committee.
Does ANYBODY think she is only going to act like a junior Senator and sit in the background waiting for the senior Senators to write the regulations in this committee?
Do you know what? Neither do the banks!