Elizabeth Warren Pulls Ahead in Race for Senate Seat
Blackwell, Rob, American Banker
Byline: Rob Blackwell
WASHINGTON a Elizabeth Warren's chances of becoming a U.S. senator have risen dramatically since her primetime speech to the Democratic National Convention two weeks ago.
While Warren has been slightly trailing Sen. Scott Brown, R-Mass., for much of her campaign, four recent polls now show her now in the lead.
A WBUR poll of likely voters in Massachusetts released Wednesday showed Warren with a 5-point lead, 45% to 40%, over Brown, which tracks with other polls that show a similar advantage.
That is likely to dismay many bankers, who view the Senate race as one of the most critical this year because of Warren's principal role in creating and setting up the Consumer Financial Protection Bureau. The Friends of Traditional Banking, a new SuperPAC set up by several state banking groups, announced last week that it would direct funds to help Brown.
But the industry's fight to defeat Warren may be even tougher than it realizes.
Jaret Seiberg, a financial services policy analyst with Guggenheim Securities, said Warren is likely to gain from Massachusetts voters that turn out to vote for President Obama. …