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View Diary: Senator Elizabeth Warren Strikes Nerve, Terrified Bankers Howl In Protest (186 comments)

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  •  i think a lot of Democrats (20+ / 0-)

    are going to see how loudly she's cheered, how much she raises and how sought after she is in the press... and realize they have more to gain by joining her in aggressively defending the American people.

    By the people rewarding the fact that she has a spine, I think a lot of other Democrats will find theirs.

    •  Money is still money, though... (9+ / 0-)

      I agree that Warren's popularity sends a clear signal to the party that we want real financial reform, strong regulators, and elected officials who are willing to take the banks and financial firms head on.

      Ultimately though, the banks still wield a ton of control within the administration and congress. Unless we're able to overturn Citizen United and institute campaign finance reform, we might see more populist talk, but I'm not sure we'll get the policies to back it up. Especially when you factor in the failed opportunity to fix the filibuster, and that the Democrats have really honed their villain-rotation act.

      I'm pretty damned cynical, though, so who knows. Even if all she's able to do is embarrass the regulators and expose the sham, that's worth doing. I'm hoping that's the worst-case scenario for how her senate tenure goes. Best case is strong legislative reform, including an SEC and DOJ that aggressively goes after banks. That's unlikely, probably, but we might see something in between, where the administration is essentially forced into some stronger actions.

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