Wednesday, December 05, 2012

The sound of heads exploding on Wall Street

By Richard K. Barry

It is being reported that Senator-elect Elizabeth Warren, the arch-nemesis of big banks everywhere, is likely to be named to the Senate Banking Committee. 

According to The Boston Globe:

The appointment has not been formally announced by Senate leaders and will not be final until an official vote on assignments by the members. The pending appointment was described to the Globe by aides who requested anonymity because Senate Majority Leader Reid has not made a formal announcement.

You will recall that after Warren helped create the Consumer Financial Protection Bureau as part of the Dodd-Frank financial regulatory act, Senate Republicans threatened to block her appointment to head the agency. This led to her successful bid for a Senate seat all her own.

And now she's on the Senate Banking Committee.


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