The Anti-Banker Joins the Senate
Posted at 8:45 a.m. on Nov. 9, 2012
Senator-elect Elizabeth Warren (D-MA), who helped establish and set up the Consumer Financial Protection Bureau before running for Senate, is already striking fear in the hearts of bankers, according to the Wall Street Journal.
“Ms. Warren’s defeat Tuesday of Republican Sen. of Massachusetts could make life far more uncomfortable for big banks than a role at the helm of the fledgling consumer agency, her brainchild… Many observers assume she will take a seat on the Senate Banking Committee given her expertise in financial issues, though her assignments are up to Democratic leadership and won’t be officially settled until next year… Other observers, however, said Ms. Warren may strike a more moderate tone once she gets to the Senate. They recall the outreach efforts to banks that Ms. Warren made when she was helping set up the CFPB.”