If you followed the bouncing ball at all during the 2008-2011 financial crisis, I hope you had the opportunity to hear former FDIC member (2006-2010) Elizabeth Warren lay bare the systematic banking fraud, Wall Street looting and political pay-for-play and revolving-door corruption that led to the bust.
If you’re interested in Warren’s full bio, you can glean it from Wikipedia and Encyclopedia Britannica. Here’s a brief breakdown of her most relevant experience since her metamorphosis from Republican to Democrat and from teenage waitress to speech pathologist to stay-at-home mom to lawyer to professor to chairwoman to U.S. senator to 2020 presidential candidate.
Who Was Elizabeth Warren? Seventy-year-old Warren was a conservative, Methodist, Middle America, middle- class, Republican who believed in laissez-faire economics. Most of her career involved teaching law at various universities, most notably at Harvard from 1995 to 2011.
It appears that simultaneous to her arrival at Harvard for a one-year teaching stint in 1995 that became permanent, she began advisory positions in Washington, D.C.
Notably, in 1995, she was appointed chair of the National Bankruptcy Review Commission. Here, she worked (unsuccessfully) to oppose the deceptively named Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which severely restricts consumers’ ability to file for bankruptcy. The timing of the passage of this act is interesting given that it was right at the crest of the housing bubble.
In 2006, Warren moved on to the FDIC (Federal Deposit Insurance Corporation), the agency that is supposed to federally insure (backstop) the funds that Americans deposit in U.S. commercial banks. For four years, throughout the financial meltdown and banking crisis, she served on the FDIC’s Advisory Committee on Economic Inclusion (whatever that is). Again, interesting timing.
As the wheels were coming off the U.S. economy in 2008, crooked crony House Speaker Nancy Pelosi (D-Calif.) convinced everyone that we had to back up the money trucks to America’s biggest banks and ponzi corporations or else we were all going to die. Democrat-controlled Congress passed the Emergency Economic Stabilization Act and authorized the release of $700 billion to Wall Street corporations, using the Troubled Asset Relief Program (TARP) as its arm to distribute the handouts.......
Poster Comment:
I actually remember when she first appeared in the public eye -- believe it was via Brasscheck. Had never heard of her, she talked terrific sense and I guess meant it. But even then I tho't to meself 'nobody who talks like that can be trusted' -- her very vocalization was a loud warning bell.
This is an outstanding, startling article except for its naïveté -- she's a total sellout now and has zero interest in what we the people need, want, think or feel. BUBBKES.