(Image source: Wikimedia Commons)

BY CHRISTINA HARTMAN

Elizabeth Warren, the Massachusetts senator-elect who unseated Scott Brown, is expected to serve on the powerful Senate Banking Committee.

Not a huge surprise for the candidate Time Magazine called the “New sheriff of Wall Street.”

WARREN IN CAMPAIGN AD: “I want there to be a level playing field. I want families to have a real chance.”

Warren is an outspoken critic of big banks. She ran and won on a platform of economic fairness for American families.

HuffPost’s Ryan Grim calls the news of her committee assignment “a victory for progressives...” and the Boston Herald’s Joe Battenfield calls it “...a blow to the financial industry which had opposed her election...”

The Senate Banking Committee manages legislation on banking, insurance, financial markets and securities.

Before running for Senate, Warren became a household name as a consumer advocate, pushing for the creation of the U.S. Consumer Financial Protection Bureau, a federal agency that describes its mission as promoting fairness for financial products and services like mortgages and credit cards. She was expected to head that agency, but conservative opponents successfully blocked her.

So her appointment to the Senate Banking Committee — while perhaps not surprising — has some industry analysts a little spooked.

BLOOMBERG: “There are a lot of people who tremble at her name. They call her public enemy number one.”

FOX BUSINESS: “Good time for banks and those companies overall. (Laughter)”

CNBC: “The minute we sort of got confirmation of that, see the bank stocks moving to the down side.”

But perhaps the chilly relationship can be repaired. The Boston Globe’s Noah Bierman reports despite having thrown and lost quite a bit of money at her opponent Scott Brown in the election, the financial sector has been working to thaw relations with Warren.

News of Warren’s assignment to the Banking Committee was first reported by The Huffington Post Tuesday morning, citing unnamed Democratic sources speaking on condition of anonymity.

Elizabeth Warren Headed to Senate Banking Committee

by Christina Hartman
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Transcript
Dec 4, 2012

Elizabeth Warren Headed to Senate Banking Committee

(Image source: Wikimedia Commons)

BY CHRISTINA HARTMAN

Elizabeth Warren, the Massachusetts senator-elect who unseated Scott Brown, is expected to serve on the powerful Senate Banking Committee.

Not a huge surprise for the candidate Time Magazine called the “New sheriff of Wall Street.”

WARREN IN CAMPAIGN AD: “I want there to be a level playing field. I want families to have a real chance.”

Warren is an outspoken critic of big banks. She ran and won on a platform of economic fairness for American families.

HuffPost’s Ryan Grim calls the news of her committee assignment “a victory for progressives...” and the Boston Herald’s Joe Battenfield calls it “...a blow to the financial industry which had opposed her election...”

The Senate Banking Committee manages legislation on banking, insurance, financial markets and securities.

Before running for Senate, Warren became a household name as a consumer advocate, pushing for the creation of the U.S. Consumer Financial Protection Bureau, a federal agency that describes its mission as promoting fairness for financial products and services like mortgages and credit cards. She was expected to head that agency, but conservative opponents successfully blocked her.

So her appointment to the Senate Banking Committee — while perhaps not surprising — has some industry analysts a little spooked.

BLOOMBERG: “There are a lot of people who tremble at her name. They call her public enemy number one.”

FOX BUSINESS: “Good time for banks and those companies overall. (Laughter)”

CNBC: “The minute we sort of got confirmation of that, see the bank stocks moving to the down side.”

But perhaps the chilly relationship can be repaired. The Boston Globe’s Noah Bierman reports despite having thrown and lost quite a bit of money at her opponent Scott Brown in the election, the financial sector has been working to thaw relations with Warren.

News of Warren’s assignment to the Banking Committee was first reported by The Huffington Post Tuesday morning, citing unnamed Democratic sources speaking on condition of anonymity.

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