May 8, 2013 |
WASHINGTON -- Students taking out government loans to help pay for college should pay the same rock-bottom interest rate that the Federal Reserve charges big banks, Sen. Elizabeth Warren (D-Mass.) proposed Wednesday. With the interest rate on federal student loans set to double to 6.8% this summer, Warren said it's unfair that big banks can borrow money at 0.75% from the central bank's discount window. "In other words, the federal government's going to charge interest rates nine times higher than the rates they charge the biggest banks -- the same banks that destroyed millions of jobs and nearly broke the economy," Warren said in introducing her first stand-alone bill since taking office in January.
May 23, 2013 |
A book can't rescue the American middle class. But a lot of politicians who say they want to rescue the American middle class are writing books about their travails and their vision - all timed to come out as the 2016 presidential election machinery kicks into gear. The latest book comes from the newest, biggest hero of American progressives - Sen. Elizabeth Warren of Massachusetts. Henry Holt announced this week it will release a new book by Warren in spring 2014. “The book will tell the story of Senator Warren 's improbable rise from a working-class family in Oklahoma to the United States Senate , and of the opportunities and access to education that enabled her, as a young wife and mother, to become first a teacher, then a lawyer,” the publisher said in a news release.
February 18, 2013 |
WASHINGTON - Sen. Elizabeth Warren (D-Mass.), a darling of liberals who has been mentioned as a potential 2016 presidential contender, had kept a deliberately low profile since her election in November. In less than five minutes last week, however, the new Massachusetts senator announced her presence in the nation's capital and showed she plans to be a thorn in the side of the big financial institutions. At her first hearing as a member of the Senate Banking Committee on Thursday, Warren chastised banking regulators for not trying to put more executives from big banks in jail for their roles in the financial crisis.
October 27, 2011 |
Even as she has drawn closer to securing the Democratic nomination in the U.S. Senate race in Massachusetts, Elizabeth Warren is under fire for comments that were viewed by some as taking credit for the Occupy Wall Street movement. Warren's candidacy got a boost this week when rival Alan Khazei dropped out of the race, joining Setti Warren, another former Senate candidate, on the sidelines and seemingly giving a clear shot for the Harvard University law professor to take on incumbent Republican Sen. Scott Brown next fall.
April 23, 2014 |
Elizabeth Warren's ninth book is a campaign biography with a twist. Warren, who emerged as a national figure during the early days of the financial crisis, rapidly became a star of the Democratic Party's liberal-populist wing. Her 2012 Senate campaign in Massachusetts attracted so much money and attention that admirers began talking her up as a presidential candidate even before she won. "A Fighting Chance" could easily fit as the next step toward that goal. It weaves her life story and political manifesto in the classic manner of books designed to accompany a run for office.
October 26, 2010 |
On the fifth floor of an office building near the White House, consumer advocate Elizabeth Warren has begun shaping the centerpiece of the recently enacted Wall Street reform law -- the Consumer Financial Protection Bureau. Both Warren and the new agency are controversial. Most Republicans and much of the financial industry opposed creation of the agency, which will have broad authority to write and enforce rules covering mortgages, credit cards and other consumer lending products.
August 3, 2010
Good watchdog? Re "Wall Street nervous about watchdog's bite," Aug. 1 The only reason why the financial community and those politicians who offer unwavering support of it don't want Elizabeth Warren to be the boss of the new Consumer Financial Protection Bureau is because she speaks the truth — and she speaks to their collective wallets. Profit is the goal. And anyone who scrutinizes that profit is not going to be welcomed into the old boys club, especially if that person is a strong woman.
July 21, 2011
One that got away Re "Obama should have fought for Warren on consumer agency," Business, July 19 I agree with David Lazarus that Elizabeth Warren is the most qualified person to run the Consumer Financial Protection Bureau. So I'm stunned that President Obama, who touts his support for consumers, would so quickly abandon his support for Warren. Lazarus notes that Warren had "drawn fire from the financial services industry [and] its friends in the Republican Party.
July 19, 2011 |
President Obama shouldn't have backed down. In announcing Monday that he's nominating former Ohio Atty. Gen. Richard Cordray to run the new Consumer Financial Protection Bureau, Obama clearly hoped to leapfrog over opposition to his original pick: Harvard professor Elizabeth Warren. Warren had drawn fire from the financial-services industry and its friends in the Republican Party for her passionate and unyielding commitment to consumer protection. They rightly perceived her as someone who would no longer accept banks' business as usual as business as usual.
August 1, 2010 |
For a soft-spoken, unfailingly polite university professor, Elizabeth Warren has a surprising knack for making people squirm — particularly on Wall Street. She's done it to Treasury Secretary Timothy F. Geithner and other administration officials. As head of the watchdog panel monitoring the $700-billion federal bank bailout fund and a former high school debating champion, Warren often has put them on the defensive with pointed questions, such as: "Do you know where the money went?"