Massachusetts firebrand Senator Elizabeth Warren has Big Banks quaking in their boots, according to a report in the May 12 Wall Street Journal.

elizabeth warrenThe paper reported about a secret meeting held in Bank of America's New York building off Bryant Park in which a who's who in US banking hashed out a strategy to deal with Lizzie.

James Maloney, BA's corporate communications and public policy chief, and John Rogers, executive VP at Goldman Sachs, organized the session. Reps from JP Morgan Chase, Mellon Corp., Wells Fargo, Morgan Stanley Citgroup and State State Corp. attended the pow-wow.

It seems the thin-skinned banking sector feels underappreciated for reforms that it was forced to make in the aftermath of the financial crisis. They feel the need for a little love.

The bankers also bristle when they hear Warren calling for their break-up, fearing that such rhetoric will become commonplace once the Democratic presidential primary kicks into gear.

Bernie Sanders, so far the only opponent to Hillary Clinton, shares Warren's views on banks.

The WSJ reported that the Big Banks aren't planning a PR or ad blitz to counter Warren because a backlash would ensue.

Since the banks have ruled out a communications effort to defend their business, why were they meeting in the Big Apple other than to cry on each other's shoulder? Pretty pitiful.

These days Warren isn't getting under the skin of just Big Banks. President Obama criticized the Senator for leading the opposition to his trade deal with Pacific nations.

He criticized Warren in language that some felt was sexist. Ohio Senator Sherrod Brown took Obama to task yesterday, which triggered a counter-attack from White House spokesman Josh Earnest.

In pushing back against calls for her to run for President, Warren has said she has more clout as a Senator.

She may have a point.