Warren Could Land on Banking Committee

“The chances are good, but not guaranteed, that Elizabeth Warren will secure a highly coveted seat on the Senate Banking Committee, a move that would dramatically elevate her campaign against Wall Street excess,” Reuters reports.

Warren “is a logical fit
for the committee, even though it is rare for a freshman senator
to get such a plum assignment.”

CNBC: “If Warren is kept off Banking the official rationale will be that she lacked the seniority to land a seat on committee… But don’t be fooled by formalism. The seniority rule is informal and could, of course, be waved to seat Warren on banking. It’s really up to Reid as Senate Majority leader to make committee assignments. If he wants Warren on the committee, she gets the seat. If she doesn’t want her on the committee, she won’t. This is a matter of discretion.”

Wonk Wire: The anti-banker joins the Senate.