In November Elizabeth Warren defeated Republican Sen. Scott Brown, Massachusetts. Senator-Elect Warren will be, writes Ryan Grim at HuffPo,
… 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.
Sources also told Huffington that Sen. Joe Manchin (D-W.Va.) will be named to the panel.
Warren’s reported appointment comes
… (n)early two years after Wall Street waged a successful campaign to keep consumer advocate … Warren from running the Consumer Financial Protection Bureau … .
David Dayen, at FDL provides analysis:
Elizabeth Warren deserves to be on the Banking Committee. Almost nobody in the Senate has her credentials. The decision was Harry Reid’s and Harry Reid’s alone, so there was no protracted fight with obstructionist Republicans to navigate. And she’s nicely balanced out by Joe Manchin, at this point the most conservative member of the Democratic caucus. …
It will be a welcome sight to see an actual cross-examiner in committee hearings, to see Wall Street executives actually grilled by at least one member rather than the love-fests we normally see. Warren has stated that she envisions the Senate as a platform to highlight her views. I can’t think of a better foundation for that platform than the Banking Committee.
(Elizabeth Warren via Elizabeth Warren)