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
I was in a high school where everybody was a click better off.
Regulators all meet with Goldman Sachs executives and employees day after day after day. They don't see the people who get tricked, the people who get cheated, the people who get fooled by the products that Goldman turns out.
In 1978, we adopted a new Bankruptcy Code in the United States, and a principal part of this was designed to adjust to the new corporation, to find ways to let a corporation that had gotten into financial trouble reorganize itself. A big part of the selling point on this bankruptcy law was, 'It will preserve jobs.'
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.
The women who file for bankruptcy played by all the rules, but they are still in economic freefall.
Some of these biggest financial institutions are out there trading in commodities. They're buying oil tankers. This is not a financial system that has calmed down and is there to serve the American people.
If you don't talk about families, then it's easy to disembody subprime mortgages and asset securitization and unemployment rates without remembering that every one of those numbers is a million families.
My mother had taught me about the importance of finding a 'good provider,' so when my boyfriend proposed, I said 'yes' in a heartbeat. I was still just a kid, and I didn't know what was coming in life.
There's been such a sense that there's one set of rules for trillion-dollar financial institutions and a different set for all the rest of us. It's so pervasive that it's not even hidden.
My brothers and I grew up on stories about our grandfather building one-room schoolhouses and about our grandparents' courtship and their early lives together in Indian Territory.
It is not good not to have health insurance; that leaves the family very vulnerable.
Many of these people are sophisticated business people for whom markets have reversed... They don't need to know how to balance a checkbook.
A family relying on a teacher's salary or a city employee's salary is solidly middle class as long as that money's coming in. When it's cut off, they're committed to financial obligations that will quickly turn them upside down.
The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke.