Elizabeth Warren On Wall Street In Denial

May 6, 2009 RSS Feed Print

Elizabeth Warren, chair of the Congressional Oversight Panel overseeing the bailouts and a Harvard Law professor, tells Tech Ticker today that bankers still don't get it. Bottom line: They're taking taxpayer money, and there will be consequences. Her ire is refreshing.

 

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Why isn't Elizabeth Warren neing listened to. She knows the terrible things that are being done by the banks. Boycott all the banks. Throw bricks through their windows. How can we be heard?

Bob Curran of UT 4:26PM September 04, 2009

They really don't get it. they invented the derivatives in order to satisfy false growth so wall st wouldn't punish their stock price. separate them.

smith of GA 9:07PM June 23, 2009

I love this lady. Elizabeth Warren is just a little ol' gal who was born in Oklahoma in 1950, the youngest child of parents who had endured the hardships of the Dustbowl and the Great Depression.

From those humble roots, she has risen to become a respected Harvard Law professor, a best-selling author, one of the top authorities on bankruptcy law in the United States, and now, chair of the Congressional Oversight Panel for the $700 billion bailout fund, or TARP.

Elizabeth Warren is one person who may be able to save the American dream. She is a woman of rare passion, intelligence, conviction and intellectual honesty who forms her opinions based not on what she would like to believe, or what would be convenient, or politically expedient to believe, but based on what the facts in front of her reveal.

Her focus is the American middle class family, the institution that has been the backbone of our prosperity since Henry Ford had the insight to raise his workers pay to that of a living wage, understanding that his business would thrive if and when everyone had the wherewithal to buy one of his cars. According to Lee Iacocca, "Henry Ford shocked the world with what probably stands as his greatest contribution ever: the $5-a-day minimum-wage scheme. The Wall Street Journal called the plan "an economic crime," and critics everywhere heaped "Fordism" with equal scorn."

Elizabeth Warren's is a voice of common sense and responsibility speaking up for the little guy in a world where well-heeled banks, insurance, and credit card companies have for years been getting the best legislation money can buy from the supposed representatives of "the American people": the U.S. Congress.

Eric Hilton of CA 7:46AM May 24, 2009

The Ticker

The Ticker

Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.

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