Dec 052012
 

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!

5Warren-McConnellSenator-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!

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  14 Responses to “Good News to Celebrate!”

  1. 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!

    I'm so happy that Elizabeth Warren will be in a position to protect American Consumers, thumbs up ^… :smile:

  2. It is a wonderful thought- that we actually have someone there who is on the side of the consumer;

  3. This is like a breath of fresh air in a room filled with the stench of RepublicanT bad news.

  4. Although Warren will be the junior member of that committee, she most likely has more knowledge than her counterparts on the same committee.

  5. You can't see them, but my feet are doing a Snoopy "Happy Dance"

  6. You don't have to be a big person to have a big heart!  Elizabeth Warren will give the Senate Banking Committee a level of expertise and sophistication that it has likely not seen before as evidenced by the whining and shenanigans of Wall Street.  I believe they are actually afraid of her.  And all that for the most junior senator.  I'll bet she will not be the one running out to get coffees.  Here are a couple of comments from the article:
     
    Halfcrazy — I might actually have to start watching C-span banking committee coverage now, if for nothing else just to see the criminal ceo's squirm when she questions them.
     
    Don Anderson — This would be very, very cool. After the banking industry sleazebags pulled out all the stops to stonewall Ms. Warren's appointment to direct the Consumer Financial Protection Bureau in 2010 … it would be sweet justice to see her on the Banking Committee, putting them in the hot seat for a change.
     

    What goes around comes around.
     
    GO!  Elizabeth Warren Go!  The people need you!

     

  7. Wonderful, WONDERFUL news!  Hooray!!!