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
Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt.
The financial services industry has seemed to treat the crisis like a little rainfall - inconvenient, but no significant changes needed. The real question moving forward is how the industry will respond to Wall Street reform and growing public anger.
When you have no real power, go public - really public. The public is where the real power is.
Americans are fighters. We're tough, resourceful and creative, and if we have the chance to fight on a level playing field, where everyone pays a fair share and everyone has a real shot, then no one - no one can stop us.
The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it.
In a democracy, hostage tactics are the last resort for those who can’t otherwise win their fights through elections, can’t win their fights in Congress, can’t win their fights for the Presidency, and can’t win their fights in Courts, For this right-wing minority, hostage-taking is all they have left - a last gasp of those who cannot cope with the realities of our democracy.
Americans understand that the game is rigged, and they've had enough of it. They're ready to fight back. They want a Washington that works for them, i think that people are getting more engaged, politically, and they're seeing through a lot of the rhetoric that politicians have been throwing out there for a long time. They want to see some real change, and I think that's what we need to work on.
The Postal Service is huge - employing more than a half million people - and its history is long and complicated.
The administration [ of Barack Obama ]says I`m wrong, that there`s nothing to worry about. They say the deal is nearly done, and they are making a lot of promises about how the deal will affect workers, the environment and human rights - promises. But people like you can`t see the actual deal.
Personal responsibility matters. There are no excuses for those who spend money on things they cannot afford. But it's a whole lot harder to act responsibly when consumer credit contracts are designed to be incomprehensible, when prices are obscure and risks are hidden.
I don't want to overstate the gender difference. But women are more sensitized to the way that larger issues affect their pocketbooks, like pay equality or cost of living changes.
Meaningful rules in the consumer credit market can accelerate economic recovery. Rules would increase consumer confidence and, more importantly, weed out all the tricks and traps that sap families of billions of dollars annually.
The banks lobbied Washington so they could write the rules that got us into this crisis. They then lobbied Washington to get the money to bail them out. And then they are lobbying Washington to write the rules so they can get us into the next crisis. It's perfect circularity.
It takes money to run political campaigns. This is a cancer growing on the soul of our democracy.