Report: Elizabeth Warren Given Slot on Banking Panel

Your News Companion by Ben Mathis-Lilley
Dec. 4 2012 11:18 AM

Elizabeth Warren Will Get Spot on Banking Committee

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Elizabeth Warren takes the stage for her acceptance after beating incumbent Sen. Scott Bown on Nov. 6, 2012

Photograph by Darren McCollester/Getty Images.

Maybe they should have just let her have the job she originally wanted. The Huffington Post with the news:

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.
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Warren helped set up the consumer protection bureau, but ultimately was blocked from leading it by banking lobbyists and their Republican allies in the Senate. Warren responded by waging a successful run for Senate in Massachusetts, bringing an end to moderate GOP Sen. Scott Brown's time in the upper chamber. She'll now have a front-row seat on a panel that has the power to call Wall Street bankers and other execs to testify before Congress.

Josh Voorhees is a Slate senior writer. He lives in Iowa City. 

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