NY Mag’s Kevin Roose writes: Wall Street vs. Warren, round one. Elizabeth Warren is already giving Wall Street execs serious agita. In their mind, the spunky senator-elect from Massachusetts is heading to Washington for one reason only: to destroy them and everything they stand for.
Banks have disliked Warren since her Harvard days, when she agitated against predatory lending, credit card fees, and other bank practices. And as her national profile grew through her work with TARP oversight and the Consumer Financial Protection Bureau, the watchdog agency she helped create, their arm's-length opposition became a full-on war. Banks lobbied to keep her from being nominated to head the CFPB, then poured big donations into the campaign of Scott Brown, her Senate race opponent.
...After her convincing victory in November, her appointment to the powerful Senate Banking Committee, where she would have actual oversight of the financial sector, is seen by many on Wall Street as a fait accompli….