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November 13, 2012 at 12:11 PM

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Elizabeth Warren for the Senate Banking Committee

Senator-elect Elizabeth Warren, D-Mass., is a logical choice to serve on the Senate Banking Committee. American consumers and taxpayers need an advocate in Congress, and Warren is that strong voice.

Warren fought for creation of the U.S. Consumer Financial Protection Bureau created by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Harvard Law School professor has been a feisty advocate for giving Main Street a break. She was the logical choice to lead the bureau.

She did not get the job because the Obama administration blinked when it came to taking on the Senate for what would have been a hotly contested confirmation process. Indeed the person eventually selected to run the consumer bureau, Richard Cordray, was put in charge via a recess appointment.

This history makes Warren’s election to the Senate all the more satisfying. The Senate Banking Committee, chaired by Sen. Tim Johnson, D-S.D., is a natural destination.


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