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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElizabeth Warren faces fight from Wall Street for key committee assignment
As usual, Wall Street is picking a fight with Sen.-elect Elizabeth Warren (D-MA). No one makes more sense to take over one of two newly vacant seats on the Senate Banking Committeeleft by retiring Sens. Herb Kohl (D-WI) and Daniel Akaka (D-HI)than a bankruptcy law expert and the person appointed as Congress's watchdog of the bank bailout. But the last thing the banksters want is a knowledgable and effective opponent in a position to curb them.
It's been clear since her victory on Nov. 6 that the Banking Committee is an obvious fit. There have been some whisperings of a Wall Street campaign against her, and now Mother Jones' Andy Kroll has confirmation.
Aides to two senators on the banking committee tell Mother Jones the industry has already moved to block Warren from joining the committee, which is charged with drafting legislation regulating much of the financial industry. "Downtown"shorthand for Washington's lobbying corridor"has been going nuts" to keep her off the committee, another Senate aide says.
Sen. Jack Reed (D-R.I.), a banking committee member, has been angling to get Warren on the committee, "but there are many bank lobbyists pushing to keep her off," a top Democratic Senate aide told Politico's Morning Money tipsheet. But the aide added, "If she really wants banking, it will be very tough politically to keep her off.
There's one person who that decision is ultimately up to, should Warren declare her preference to sit on the Banking Committee: Harry Reid, with some input from the Senate Democratic Steering and Outreach Committee. Ultimately, though, it'll be up to Reid.
Tell Harry Reid to help level the playing field for Main Street and to appoint Warren to the Banking Committee. Sign our petition.
http://www.dailykos.com/story/2012/11/19/1163130/-Elizabeth-Warren-faces-fight-from-Wall-Street-for-key-committee-assignment
ananda
(28,914 posts)Words fail.
DURHAM D
(32,619 posts)and not a single person in MA voted for them.
Angry Dragon
(36,693 posts)MannyGoldstein
(34,589 posts)Why can't she just get along with the big boys and receive enormous cash payments from them as soon as she leaves office? She's losing out on many, many millions of dollars here, and causing heartburn for very important people.
Mass
(27,315 posts)will be in.
rudycantfail
(300 posts)by Wall Street.
CTyankee
(63,926 posts)Nothing will endear her more to the hearts of the American people!
Egalitarian Thug
(12,448 posts)it might help being that he is a person that uses the word singlet), but I am as ignored as is everybody else here.