“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.”
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Warren raised $42 million for her campaign. That’s the heavy spending part of the campaign.
Keep my fingers crossed. Hope this is not one of President OB’s bluff. Ms. Warren, if the Senate didn’t work out for you, please give us a call. We have an opening at BoC. Langley, BC
Hopefullly she will not just “sit” on it but will kick ass and lop heads.
Part of the problem not the cure.
Elizabeth Warren on the Senate Banking comittee is one MAJOR step forward. She’s certainly NOT “part of the problem”. She’s part of the cure.
But two questions remain:
1. Will she be able to make a difference ?
2. Will the financial system implode before or after she has pushed through the necessary reforms ?