Tue Dec 4, 2012, 02:11 PM
TroyD (4,512 posts)
Elizabeth Warren Wins Senate Banking Committee Seat: Sources
WASHINGTON -- Nearly two years after Wall Street waged a successful campaign to keep consumer advocate Elizabeth Warren from running the Consumer Financial Protection Bureau, the incoming senator will be tapped to serve on the Banking Committee, according to four sources familiar with the situation. It's a victory for progressives who battled to win her a seat on the panel that oversees the implementation of Dodd-Frank and other banking regulations.
Warren knocked out Republican Sen. Scott Brown of Massachusetts in the most expensive Senate contest of 2012, with Wall Street spending heavily to beat Warren, a former Harvard law professor.
Sources also told HuffPost that Sen. Joe Manchin (D-W.Va.) will be named to the panel.
Warren's ascension to the panel gives her influence over regulators and the industry that non-panel members don't enjoy.
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Elizabeth Warren Wins Senate Banking Committee Seat: Sources (Original post)
|Walk away||Dec 2012||#2|
Response to TroyD (Original post)
Tue Dec 4, 2012, 02:17 PM
marlakay (4,345 posts)
1. This is a great FU to all the senators who blocked her
from being head of Consumer Financial Protection Bureau.
They deserve every bit of it and lost a senator too!