Wall Street’s nightmare just got worse

POSTED BY ORHAN

On Wednesday Senate Democrats confirmed Elizabeth Warren’s seat on the Senate Banking Committee. Considering Wall Street’s crucial role in President Obama’s failure to appoint her to head the Consumer Financial Protection Bureau, and the humongous wads of cash the Street spent attempting to derail her Senate run, it will be interesting to see if Warren, named “Wall Street’s worst nightmare” by Forbes, will be able to effectively usher in the regulation the big banks so desperately need–and fear.

Stiff resistance by Republicans on the Committee is a given, but I’ll be most interested to see how Wall Street-beholden Democrats respond to her efforts. In any event, there is some irony in the fact that Warren will now be regulating the institutions that fought so hard and long to bring her down.

4 responses to “Wall Street’s nightmare just got worse

  1. There is more than ONE WAY to skin a Cat, eh?

    They shoulda left her at the helm ….

    Like

  2. Perfect. You go girl!

    Like

  3. Congratulations to Harry Reid… That’s two to Mitch McConnell in two weeks. (The first was getting him to threaten to filibuster himself 🙂

    Like

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