It's not official, but it looks like Wall Street critic and consumer watchdog Elizabeth Warren will become the Senate Banking Committee's newest member in January.
The Huffington Post broke the story:
"...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."
Bloomberg News cited anonymous sources to the same effect:
"Two Democratic aides briefed on the matter said Senate leaders intend to assign Warren to the Banking Committee, although a final decision on committee assignments will not be made until the new session of Congress convenes."
The Boston Herald cited an anonymous source, too:
"Sen.-elect Elizabeth Warren is expected to receive a coveted assignment to the Senate Banking Committee in a major coup for her liberal backers and a blow to the financial industry which had opposed her election, according to a source.
"'It’s happening,' said a Democratic source."
Two years ago Republicans and Wall Street lobbyists blocked Warren's nomination as the permanent director of the Consumer Financial Protection Agency - the agency she created - on grounds that she was bad for business. The Harvard law professor then ran for the US Senate and defeated incumbent Republican Senator Scott Brown on Nov. 6 to become Massachusetts' first female senator. And now she's reported to soon join the Banking Committee, which presides over the very thing Republican's didn't want her to preside over - banks.
It wasn't a straight line, but Warren got there all the same.