"She's a fighter for the middle class"
In 2011, Wall Street campaigned to keep Elizabeth Warren from leading the Consumer Financial Protection Bureau. This week, however, four sources familiar with the committee assignments indicated that Wall Street will not be as successful in keeping the Senator-elect off of the Banking Committee.
Warren, who recently became the first female Senator from Massachusetts after beating Scott Brown in a tight race, has the expertise to keep big banks in line. A long-time consumer advocate and Harvard professor, she was instrumental in creating the Consumer Financial Protection Bureau and served as the chairwoman of the Congressional Oversight Panel during the bank bailouts.
The potential appointment of the EMILY’s List candidate would be a victory for consumers and progressives. Warren would be in a position to continue leading the fight to protect middle class families.
An expert in bankruptcy issues, Warren is a strong, independent voice who will speak on behalf the working class and work to hold Wall Street accountable.
EMILY’s List President Stephanie Schriock commented on Warren’s expected assignment on MSNBC earlier this week. “She is a fighter for the middle class. She has proven herself when she set up the Consumer Protection Bureau,” said Schriock. “She is going to bring exactly what is needed in the United States Senate to bring this country forward.”
Warren’s committee assignment has been speculated extensively since her election. Editorial boards labeled Warren’s appointment to the committee as common sense given her credentials and experience, while rumors that the banking industry was lobbying to keep her off the panel were rampant.
The Huffington Post was the first to report the expected decision by Democratic leadership to put Warren on the panel. When the decision is official, the caucus will have to approve the committee assignments, but, given her credentials, her approval is likely to be merely a formality.