The bankster lobbyists lost, and Elizabeth Warren will get a seat on the Senate Banking Committee:

Sen.-elect Elizabeth Warren (D-Mass.), one of the harshest critics of the financial sector, is being tapped to serve on the Senate Banking Committee.

The Harvard law professor is expected to join Sen. Joe Manchin (D-W.Va.) on the committee in the next Congress, according to a Democratic Senate aide.

The decision is pending final approval from Senate Majority Leader Harry Reid (D-Nev.), but would mean that Warren will play a lead role in overseeing the financial firms that have sparred with her for years over consumer protections and regulations.

Warren originally came to Washington as head of the government’s official bailout watchdog, and later served as President Obama’s architect of the Consumer Financial Protection Bureau (CFPB), which was created by the Dodd-Frank financial reform law.

She butted heads with congressional Republicans as an adviser to the CFPB, and Obama ultimately selected one of her top deputies, Richard Cordray, to serve as its first director. Warren was recruited by Democrats to run for the Senate from Massachusetts, where she defeated Sen. Scott Brown (R) last month.

Boo Yah!!!!