Elizabeth Warren, Maxine Waters: Wall Street's Nightmare Duo
NEW YORK (TheStreet) --Elizabeth Warren, one of Wall Street's biggest critics, has been appointed to the Senate Banking Committee.
The Democratic Steering Committee confirmed her appointment to the banking committee today, along with SenatorJoe Manchin (D-W.Va) and Heidi Heitkamp (D-N.D.)
Warren will also be on the HELP Committee and the Committee on Aging.
"I am excited to work with the members of our expanded majority. Our caucus is more diverse than ever, with a record sixteen female Democratic senators serving in the next Congress," said Senate Majority Leader Harry Reid. "These committee assignments will allow all members of our caucus to bring their unique talents and expertise to bear as we work together to advance the interests of the middle class."
Warren's election to the Senate was already seen as a blow to big banks. The former Harvard Professor was the chief architect of the Consumer Financial Protection Bureau that is in the middle of framing important rules on mortgages.
Her appointment -- along with the appointment of Maxine Waters to the House Financial services Committee -- means congressional pressure on big banks will not subside.
-- Written by Shanthi Bharatwaj in New York