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….
