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Tuesday, November 20, 2012

The big banks vs. Elizabeth Warren

Their war against her...is back on.
Lobbyists and trade groups for wall street and other major banking players are pressuring lawmakers to deny Warren a seat on the powerful senate banking committee. with the impending departures of Senators. Herb Kohl (D-Wisconsin) and Daniel Akaka (D-Hawaii), Democrats have two spots to fill on the committee before the 113th congress gavels in next year. Warren has yet said whether she wants to serve on the committee. But she would be a natural: she's a bankruptcy law expert, she served as Congress' lead watchdog overseeing the $700 billion bank bailout from 2008 to 2010, and she conceived of and helped launch the consumer financial protection bureau (cfpb). - More

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