Elizabeth Warren--A Great American Who Fights for America

Elizabeth Warren--A Leader who is Fighting for America
"Throughout our history, powerful interests have tried to capture Washington and rig the system in their favor. From tax policy to retirement security, the voices of hard-working people get drowned out by powerful industries and well-financed front groups. Those with power fight to make sure that every rule tilts in their favor. Everyone else just gets left behind."

Just look at the big banks. They cheated American families, crashed the economy, got bailed out, and now the six biggest banks are 37 percent bigger than they were in 2008. They still swagger through Washington, blocking reforms and pushing around agencies. A kid gets caught with a few ounces of pot and goes to jail, but a big bank breaks the law on laundering drug money or manipulating currency, and no one even gets arrested. The game is rigged – and it's not right!

"But it isn't just the big banks. Look at the choices the Federal government makes: Our college kids are getting crushed by student loan debt. We need to rebuild our roads and bridges and upgrade our power grids. We need more investment in medical research and scientific research. But instead of building a future, this country is bleeding billions of dollars in tax loopholes and subsidies that go to rich and profitable corporations. Many Fortune 500 companies, profitable companies, pay zero in taxes. Billionaires get so many tax loopholes that they pay lower tax rates than their secretaries. But they have lobbyists – and their Republican friends – to protect every loophole and every privilege. The game is rigged – and it's not right!"

- From a speech given by EW, 5-22-2014


 * Elizabeth Warren was the first senior Obama administration official to recognize the potentially incendiary impact of a bill that would have made it significantly easier for mortgage companies to foreclose on homes, and her subsequent warnings played a crucial role in persuading the President to veto the measure, according to freshly released documents and people familiar with the deliberations.


 * The disclosure that Warren was instrumental in halting a bill that would have streamlined the foreclosure process comes as she confronts fierce criticism from Republicans on Capitol Hill for the way she was appointed to construct a new consumer financial protection bureau, and characterizations that she is inclined to take an overly punitive tack with Wall Street.

Source (11-24-10)