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Elizabeth Warren Wins Senate Banking Committee Seat: Sources

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Elizabeth Warren Wins Senate Banking Committee Seat: Sources Empty Elizabeth Warren Wins Senate Banking Committee Seat: Sources

Post by doofus_maximus Tue Dec 04, 2012 12:22 pm

http://www.huffingtonpost.com/2012/12/04/elizabeth-warren-banking-committee_n_2236898.html



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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Post by Idéfix Tue Dec 04, 2012 12:24 pm

This is very good news. The Senate Banking Committee is usually in Wall Street's pocket -- hopefully she can change that dynamic and hold their feet to the fire.
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Post by doofus_maximus Tue Dec 04, 2012 12:29 pm

i am not sure why it says 'sources'. Is it not 100% yet? It was a dogfight to get her the nomination.
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Post by Idéfix Tue Dec 04, 2012 12:48 pm

It's not formally done until the entire Democratic caucus comes together to decide on committee assignments. I don't see the caucus not approving her for this committee.
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