31st January 2012
So take pity on Harvard’s Elizabeth Warren, the scold of the 1 Percent who is currently running for the Senate in Massachusetts after getting hosed by the Obama administration. Warren is widely credited with pushing for the creation of a Consumer Financial Protection Agency that would simplify credit offerings so that all of us idiots who bought houses we couldn’t afford could blame somebody else. Faced with opposition from Republicans, Obama tossed Warren aside as the first hea of the CFPA.
So she wants the ‘Ted Kennedy seat’ in the Senate as a consolation prize. In Taxachusetts, she’ll probably get it.
Hard to see how Warren wouldn’t be, by most standards, wealthy, according to the Personal Financial Disclosure form she filed to run for Senate shows that she’s worth as much as $14.5 million. She earned more than $429,000 from Harvard last year alone for a total of about $700,000, and lives in a house worth $5 million.
She also has a portfolio of investments in stocks and bonds worth as as much as $8 million, according to the form, which lists value ranges for each investment. The bulk of it is in funds managed by TIAA-CREF.
But she’s not one of THEM, however.
“I realize there are some wealthy individuals – I’m not one of them, but some wealthy individuals who have a lot of stock portfolios” she told [MSNBC's Lawrence O'Donnell].
Just poor as a churchmouse, that’s our Lizzy.