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Sat Nov 10, 2012, 07:56 AM

Leading Banking Committee Democrat Backs Warren

http://www.thenation.com/blog/171180/leading-banking-committee-democrat-backs-warren

Almost immediately after Elizabeth Warren was elected to the United States Senate, speculation began about whether she would receive a prestigious spot on the Banking Committee. This is a possibility that makes sense given her experience, and terrifies the financial sector: “she will be the banks’ worst nightmare,” an attorney who works in the industry told The Wall Street Journal Friday.

Her colleagues seem to be behind the idea—Senate aides told Reuters there was a “good, but not guaranteed” chance she would get that committee assignment. On Friday afternoon, I spoke with Senator Jack Reed of Rhode Island, the second-highest-ranking Democrat on the panel, and he strongly endorsed her selection.

Reed stressed that it’s first up to Warren if she wants to be on the committee—she has not actually said that she does. He noted that, as one of the nation’s leading experts on bankruptcy law, she might find the Judiciary Committee equally compelling. “She has some tough choices to make about where she can best use her talents,” he said.

But should Warren choose Senate Banking, Reed is behind her. “I can’t think of anybody that’s come to the Senate with thirty years of detailed knowledge of the industry from the perspective of teaching at law school and doing many other things, and then serving in the drafting of significant aspects of Dodd-Frank from the administration standpoint. So she comes prepared,” he said. “It’s really an abundance of intellectual riches.”

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Reply Leading Banking Committee Democrat Backs Warren (Original post)
xchrom Nov 2012 OP
myrna minx Nov 2012 #1
Le Taz Hot Nov 2012 #2
woo me with science Nov 2012 #3

Response to xchrom (Original post)

Sat Nov 10, 2012, 08:02 AM

1. So the Repubs block Warren to head CPA? Boom she's a colleague on the banking committee.

Dick Lugar a commie? Boom a Dem in his place and so forth. Oh mercy, this has been a great week.

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Response to xchrom (Original post)

Sat Nov 10, 2012, 08:06 AM

2. They BETTER put her on there.

If they don't, they're going to hear from a whole lot of angry women (and men). I think we should start lobbying for her now. Here's a link for the Senate Banking Committee's page:

http://banking.senate.gov/public/index.cfm?FuseAction=CommitteeInformation.Membership

Some of that membership will change (Akaka for example) in the next Senate but most will be the same.

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Response to xchrom (Original post)

Sat Nov 10, 2012, 10:31 AM

3. K&R

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