Though she hasn’t yet been sworn in, Sen.-elect Elizabeth Warren is already the subject of a political battle in Washington, D.C. The controversy is over whether Warren should get a seat on the Senate Banking Committee. . . .
[L]obbyists for the banking and financial industries are trying to keep Warren off the committee where she could best regulate them.
“The companies responsible for the 2008 financial collapse — the Wall Street banks, the Chamber of Commerce and others — are trying to keep one of the architects of Wall Street reform off the Senate Banking Committee,” said Ed Mierzwinski, a consumer advocate in the national office of MASSPIRG.
But Mierzwinski said Warren goes to Washington with allies.
“Who wants her on the Banking Committee?” Mierzswinski asked. “Everyone else.”