How Senator Elizabeth Warren Could Change Your Finances

Alden Wicker
Posted
Elizabeth Warren

Elizabeth Warren has big plans for the Senate

Who is this lady causing such a tizzy in Congress?

Meet Elizabeth Warren. She’s one of a record 20 women who will be in the Senate next year. But the reality is that she was making waves long before she gave her victory speech on election night.

Why? Perhaps it’s because this Harvard Law professor is not only an expert on bankruptcy law, but also because she is a consumer protection advocate with an attitude, which you can see on full display in this juicy quote from her speech at this year’s Democratic National Convention:

“Wall Street C.E.O.s—the same ones who wrecked our economy and destroyed millions of jobs—still strut around Congress, no shame, demanding favors and acting like we should thank them.”

But it’s not just her fearlessness in taking on entrenched powers that has gotten her attention. She has other serious experience, from chairing the Congressional Oversight Panel monitoring the $700 billion TARP bailout to creating the Consumer Financial Protection Bureau (CFPB).

For her efforts, she’s made a lot of enemies in Washington, and a lot of fans outside of it. When she ran for the Senate on the Democratic ticket, she raised $39 million for her campaign–more than any other Senate candidate this year, despite receiving zero support from Wall Street. Although she trounced her moderate Republican opponent, conservatives and Wall Street lobbyists are already planning their strategy to disarm her proposed regulations.

  • WA

    Elizabeth Warren is a complete fraud, and your article makes you look completely ignorant.  I live in Massachusetts, and have seen her in “action” – lying on job applications, condescendingly telling people that “you didn’t build that” business.  She’s a hypocrite – making over $350,000 per year while empathizing with the common man.  Find a better example of leadership for your website.

    • Catherine

      Could not have said it better. I will be unsubscribing from this website now that I have read this article. You would have to be a clueless bufoon to think Warren or anyone like her is fiscally responsible. She is a horse at the taxpayer trough and she will help change your finances but it won’t be for your benefit. I can tell this website was started by a young woman who obviously thinks she knows it all to fall for this garbage.

    • Peanutbuttercookies1

      this comment is alarming, not only because of the anger but also the lack of factual information. What kind of lies did she tell on her application? And what is condescending about telling the truth about our infrastructure? Roads are built by tax payers, and often destroyed by large commercial vehicles (especially in smaller port towns where the local budget does not account for the massive repairs to roads damaged by commercial vehicles). We are all a part of the system and anyone who thinks they can opt out is ungrateful and a hypocrite- not Elizabeth Warren.

  • amhp

    I LOVE Elizabeth Warren and I’m so excited about her contributions to our future–thanks for the update!

  • Johanna

    I’m very much in support. Thank you for distilling Warren’s agenda items!

  • Gyoung25

    Elizabeth Warren rocks!  I really hope she and some of the newer Senators will encourage the Senate to change the rules.  This would add to transparency in Washington.  This is badly needed.  If a Senator wants to block a bill, let them explain to the public WHY.  Now they just follow his royal highness, Mitchy the Witchy McConnell and shove it under the rug. 

    Old Mitch sure is a piece of work.  I really loved (sik) when he bragged about not doing his job as a Senator.  He said his main job was to prevent President Obama from being re-elected. 

  • JackieAU5

    Despite what your politics is, I highly recommend Warren’s personal finance book “All Your Worth.” It’s terrific and every LearnVester will benefit. This is where I first learned about the 50/30/20 rule!