Wall Street's worst nightmare comes true!!! Sources: Elizabeth Warren to Banking Committee 4DEZ12

ANOTHER victory for the American people, Elizabeth Warren will serve on the US Senate Banking Committee!!!! Thanks to all who participated in the campaign to move Sen Harry Reid to make this appointment happen. Here's my earlier post on the campaign Tell Harry Reid; Don't block Elizabeth Warren from the Senate Banking Committee 1DEZ12 http://bucknacktssordidtawdryblog.blogspot.com/2012/12/tell-harry-reid-dont-block-elizabeth.html

by Joan McCarterFollow

Another victory for Elizabeth Warren.

The last thing Wall Street wanted to happen was Elizabeth Warren getting into the Senate. That happened, so then the fight moved to keeping her out of their way. It appears that their worst nightmare is about to happen: she's in the Senate, and she's going to be in a position of real power over them. The Huffington Post's Ryan Grim is reporting that sources have told him that Warren has secured a key committee assignment.

Nearly two years after Wall Street waged a successful campaign to keep consumer advocate Elizabeth Warren from running the Consumer Financial Protection Bureau, the incoming senator will be 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.

There are very few people in Washington, D.C. who have a deeper understanding of the financial world than Warren, and basically none who have the passion to use that knowledge for good, to protect Main Street rather than Wall Street. She can light a fire, and educate, other Senators on the committee to make financial reform real. This is real change. 8:36 AM PT: Please sign our thank you to Sen. Harry Reid for helping to make this happen.

Originally posted to Joan McCarter on Tue Dec 04, 2012 at 07:18 AM PST.

Also republished by Daily Kos.