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Elizabeth Warren Wins Senate Banking Committee Seat: Sources

WASHINGTON -- 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.

Warren knocked out Republican Sen. Scott Brown of Massachusetts in the most expensive Senate contest of 2012, with Wall Street spending heavily to beat Warren, a former Harvard law professor.

Sources also told HuffPost that Sen. Joe Manchin (D-W.Va.) will be named to the panel.

Warren's ascension to the panel gives her influence over regulators and the industry that non-panel members don't enjoy.

by Anonymousreply 612/05/2012

Now we'll finally get the Dodd-Frank regs that we should have had years ago. This is even better than her heading the Consumer Financial Protection Bureau.

by Anonymousreply 112/04/2012

think she'll use her cherokee heritage as leverage?

by Anonymousreply 212/04/2012

back to FReeperville with you, R2

by Anonymousreply 312/04/2012


by Anonymousreply 412/04/2012

Let's hope

by Anonymousreply 512/05/2012

We need to fucking collect all the money back that the banks stole.

by Anonymousreply 612/05/2012
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