Elizabeth Warren Will Scold Wall Street Fat Cats From Powerful Banking Committee
Elizabeth Warren, the Harvard professor who unseated Scott Brown to become Massachusetts junior senator-elect, is on her way to join the Senate Banking Committee — reported The New York Times' Deal B%k.
Senator-elect Brown is one step closer to the powerful committee after the Democratic Steering Committee approved her appointment on Wednesday. The next steps are the eventual approval by the full Democratic caucus, and a resolution by the full Senate.
"Wall Street C.E.O.'s — the same ones who wrecked our economy and destroyed millions of jobs — still strut around Congress, no shame, demanding favors, and acting like we should thank them,” said Warren during her speech at the 2012 Democratic National Convention.
And Wall Street 'fat cats' are, obviously, weary of this tough consumer advocate. Because, according to DealB%k, Warren's appointment and eventual confirmation as a member of the banking committee would give her "greater influence over laws and regulations affecting the financial industry."