This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
JPM $64.73 0.02%
WFC $56.02 0.52%
BAC $16.44 0.03%
C $53.70 -0.86%
TSLA $230.66 0.06%

Markets

DOW 17,944.71 -125.69 -0.70%
S&P 500 2,097.24 -17.25 -0.82%
NASDAQ 4,951.5990 -65.33 -1.30%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs