Elizabeth Warren
Elizabeth Warren
Elizabeth Ann Warren is an American academic and politician. She is a member of the Democratic Party, and is the senior United States Senator from Massachusetts. Warren was formerly a professor of law, and taught at the University of Texas School of Law, the University of Pennsylvania Law School, and most recently at Harvard Law School. A prominent scholar specializing in bankruptcy law, Warren was among the most cited in the field of commercial law before starting her political career...
NationalityAmerican
ProfessionPolitician
Date of Birth22 June 1949
CityOklahoma City, OK
CountryUnited States of America
Consumers get used to reading and understanding their credit card contracts, their mortgages, their check overdraft agreements, those are good things. That puts power back in the hands of consumers.
If the notion on this is we're going to elect somebody to the United States Senate so they can be the 100th least senior person in there and be polite, and somewhere in their fourth or fifth year do some bipartisan bill that nobody cares about, don't vote for me.
Banks were once places to hold money and were very careful in lending to finance families as they built a future - bought homes, bought cars, took out student loans.
Credit cards are like snakes: Handle 'em long enough, and one will bite you.
The credit card companies have put the loan sharks out of business.
Cars, toys, aspirin, meat, toasters, water - nearly every product sold has passed basic safety regulations well in advance of being marketed and sold. But consumer credit is a kind of buyer-beware, wild west. That is partly the result of history.
I pay for homeowner's insurance, I pay for car insurance, I pay for health insurance.
I loved teaching, but every day that I went to work, I carried the worry that I was hurting my kids because I wasn't at home with them.
Credit card agreements run as long as 30 pages, and it's 30 pages of largely incomprehensible text.
I don't want to go to Washington to be a co-sponsor of some bland little bill nobody cares about. I don't want to go to Washington to get my name on something that makes small change at the margin.
When billionaire car dealers or manufacturers pay for ambassadorships, at least they pay with money earned by selling something of value.
They turned the bankruptcy courts into collection agencies for credit card companies. That means there's less protection for victims of Katrina.
The women who file for bankruptcy played by all the rules, but they are still in economic freefall.
Early 2000s, we get Enron, which tells us the books are dirty. And what is our repeated response? We just keep pulling the threads out of the regulatory fabric.