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
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.
Even families with health insurance are quite vulnerable to a severe economic reversal if someone gets sick.
Consumer banking - selling debt to middle class families - has been a gold mine.
Families rely on financial services more than ever, but those who need them most - who struggle to make ends meet - too often must contend with sky-high interest rates and tricks and traps buried in the fine print of their loan products.
There are lots of families who - who make irresponsible purchases. There are also a lot of families who have debt on credit cards because they use those credit cards to pay for medical bills.
America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.
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.
Every time the U.S. government makes a low-cost loan to someone, it's investing in them.
Raising the minimum wage means we have workers paying more in to support the Social Security system.
Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors?
You have to remember: what are incomes to banks are outgoes to families.
Everyone would like the world always to be in bubble times. But that doesn't happen.
I believe that the American people ought to be part of the conversation about what's happening in our economy, and what's happening in Washington and what's happening on Wall Street.