This is fascinating. It’s still not quite clear what’s going on here beyond getting the charming Warren in face to face to prove she doesn’t have horns and a forked tongue. Perhaps she’s getting coopted, though I doubt that.

I’d guess that she’s cleverly playing up a split between community bankers and the too-big-to-fail behemoths. The former aren’t much fans of the latter, and they ultimately have more leverage with politicians, since every congressperson has multiple bankers in his district, but the TBTF banks are concentrated in Chuck Schumer territory and Charlotte.

Thing is, Republicans still hate her. But resistance among them seems to be falling away somewhat as the banks’ does. It’s looking more like she’ll get the chance to run the bureau she founded.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.