Long before she gained prominence, as a progressive super star, I was a big fan of Elizabeth Warren and was bringing you reports on and video clips of her opposition to Banksters’ illegal and unethical practices. As a result the TBTF banks, which should still be broken up, have been moving heaven and earth trying to keep her off the Senate Banking Committee. Apparently, they have failed!
Senator-elect Elizabeth Warren of Massachusetts has reportedly been selected by Democratic leadership to serve on the Senate Banking Committee, despite massive opposition mounted by banking lobbyists and Republicans against appointing the former Harvard law professor, bankruptcy law expert and architect of the Consumer Financial Protection Bureau.
Warren, who bested Rep. Sen. Scott Brown to represent Massachusetts, will be the most junior member of the banking committee, Dashiell Bennett of The Atlantic Wire reports, so won’t have final say on its agenda.
"Still, there isn’t another place in Congress more suited to her interests or to her campaign strategy, which was built largely on a fight against Wall Street influence," Bennett writes.
But Warren’s experience — including serving as Congress’ lead watchdog overseeing the $700 billion bank bailout from 2008 to 2010 — left banks leery of her philosophy… [emphasis added]
Inserted from <Common Dreams>
Although Warren will be the junior member of that committee, she will lead the committee in expertise, so she should have a profound influence on it. That is bad news for Banksters, but it’s great news for Main Street Americans, like us!