Newsflash:
Tuesday, 04 December 2012 19:22

Elizabeth Warren Wins Senate Banking Committee Seat: Sources

Written by  Ryan Grim | Huffington Post

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.

Original article on The Huffington Post

Read 5799 times Last modified on Tuesday, 04 December 2012 19:24

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Please make plans to join us for the July Progressive Round Table. We will focus on Declaring our Independence from Wall Street and Corporate Control. Please join Progressive Democrats of America and many others Wednesday, July 16 from 1 to 3pm in Rayburn 2103. Livestreamed anywhere you are by We Act Radio. Featuring: Andrea Miller - Detroit Water Shutoff Update Rep. Keith Ellison (HR 1579 - Inclusive Prosperity Act) Rep. Jim McGovern (HJ Res20 & 21 - Corporations are NOT People and Money is NOT Speech) Rep. Jim McDermott - HR 4754 - Managed Carbon Price Act of 2014 Rep. Mark Pocan - Trans Pacific Partnership Emily Wurth - Food and Water Watch Public Banking - BankAct - Marc Armstrong Robin Hood Tax Campaign - Kenn Zinn,National Nurses United Jacqui Nantier - We Are Woman - ERA and Voting Rights DC Rally American Sustainable Business Council - Stephen Shaff Labor Campaign for Single Payer - Mark Dudzic Trey Hawkins - Credit Union National Association Witold Skwierczynski - AFGE - Stop the closing of Social Security Offices Please contact Andrea Miller andrea@pdamerica.org for more information about how to get involved with PDA, and / or with PDA's July Round Table meeting. Hope you can join us!

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