Elizabeth Warren and her allies stand ready to carry out a silent revolution in the Biden administration

Warren allies / alums already placed include:

Bharat Ramamurti: Deputy Director of the White House National Economic Council
Julie Siegel: Deputy Chief of Staff, Treasury Department
Julie Morgan: a senior advisor in Education
Sasha Baker: Senior Director, Strategic Planning, National Security Council
Leandra English, an alum of the Consumer Financial Protection Bureau (CFPB), is Chief of Staff of the National Economic Council

The nominees include:

Adewale “Wally” Adeyemo, who helped Warren start the CFPB, has been named Assistant Secretary of the Treasury
FTC Commissioner Rohit Chopra, another CFPB alum, has been named head of the office
Gary Gensler, who aggressively regulated the big banks after the financial crisis, was nominated to chair the Securities and Exchange Commission – “a position Warren and her staff have made significant efforts to influence in the past,” writes Politico.

Treasury Secretary Janet Yellen is also a close ally and confidante of Warren, who helped launch a pressure campaign to appoint Yellen as President of the Federal Reserve under President Obama. Warren also reportedly has an open line of communication with Biden Chief of Staff Ron Klain.

According to Karolina Arias, a former Democratic Senate advisor and a partner in Federal Hall Policy Advisors, the appointments “confirm that Sen. Warren will be the most influential voice in the fiscal debate under the new administration.”

Richard Hunt, president of the Consumer Bankers Association, seemed to offer a sour perception of Warren’s craftsmanship. “Nobody should be surprised that Senator Warren practically hand-picked the financial and other regulatory nominations she cares about,” said Hunt, who has spoken with Warren on some occasions about financial regulation.

Warren, who has always advocated a “people is politics” approach, told Politico in December “Getting the right people into these slots is really important.”

“It’s not just the top slots, it’s the alternates and assistants, too,” she said. “The people who work hard day in and day out to develop guidelines and then implement them.”

Warren’s extensive network in the Biden world gives its key allies the power to take action, from reducing student debt to increasing government funding for childcare and potential tax increases for the wealthiest individuals and businesses in the country. The prominent placement of these allies also represents a marked change from many of the people who have held these posts within both the Clinton and Obama administrations.

“Warren has become the focus of attention for people who believe the economy is out of whack and that better governance could remedy the situation,” said Jeff Hauser, executive director of the Revolving Door Project watchdog group. Although Hauser said many of Biden’s top aides are more traditional Democrats, “it makes sense that they should turn to people in trying to fill an executive that can produce real results for the people and a legacy for their boss associated with Warren. “

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