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The Art of Science

14th December 2012

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(Reuters)  Wall Street critic Warren to join U.S. Senate Banking Committee
Wall Street critic and Senator-elect Elizabeth Warren will join the Senate Banking Committee next year where she is likely to be a loud voice in favor of tight financial regulation.
(…) Warren would also be able to forcefully push for financial regulators to use all the powers available to them to write strict interpretations of rules.
That could mean stronger curbs on Wall Street trading, higher capital buffers and rules that would compel mega-banks to shrink. (…)
She also won a seat on Wednesday on the Health, Education, Labor and Pensions committee. (…)

(Reuters)  Wall Street critic Warren to join U.S. Senate Banking Committee

Wall Street critic and Senator-elect Elizabeth Warren will join the Senate Banking Committee next year where she is likely to be a loud voice in favor of tight financial regulation.

(…) Warren would also be able to forcefully push for financial regulators to use all the powers available to them to write strict interpretations of rules.

That could mean stronger curbs on Wall Street trading, higher capital buffers and rules that would compel mega-banks to shrink. (…)

She also won a seat on Wednesday on the Health, Education, Labor and Pensions committee. (…)

Tagged: Elizabeth WarrenSenate Banking Committeefinancial regulationwall street