Wall Street doesn't like Elizabeth Warren, a strong advocate of Wall Street reform. They hoped she wouldn't be elected Senator from Massachusetts, but she was. And now, it appears that their worst nightmare is about to happen: she's going to be in a position of real power over them. The Huffington Post's Ryan Grim is reporting that sources have told him that Warren has secured a key committee assignment.
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.
There are very few people in Washington, D.C. who have a deeper understanding of the financial world than Warren, and basically none who have the passion to use that knowledge for good, to protect Main Street rather than Wall Street. She can light a fire, and educate, other Senators on the committee to make financial reform real. This is real change.