Employees of Fidelity Investments took a sizable gamble on Senator Scott Brown, donating upward of $250,000 to his reelection campaign, more than employees from any other company.
They were betting that Brown could keep Elizabeth Warren, one of the biggest critics of the financial industry, out of Congress.
Comments
Boo hoo hoo!!! Such a sad story about the billion dollar banks and financial institutions, and their million dollar lobbyists, who now must come hat in hand to the only outfit/person us middle class and poor have as OUR LOBBYIST---our elected official, Senator Warren. After you stop crying boys, you'll figure out that she is likely very practical and pragmatic, and just because she is anti-crook, doesn't mean she is anti-business. Unless, of course, your business is one that unfairly takes advantage of the consumer....but you boys have never done that, right?
This comment has been removed.
Boat, Happy Thanksgiving! That Lizzy has really dug in her (high) heels, hasn't she!!! I mean how many weeks...no months...has it been she was elected and STILL (allegedly) refuses to talk to The Holy Globe!! Oops...I guess it's only been 16 DAYS since she was elected....nevermind.
Let me be clear: I voted for Warren because she is going to fix the banking industry and be instrumental in implementing the Volker Rule- She HAS to be in the banking committee. That's why she ran for Senate. My message to the banks...Back Off. She is representing me.
This comment has been removed.
Silly little child man boat wrote. Elizabeth Warren is a well regarded national expert in exactly the field of law which she is going to be reviewing on the banking committee. You don't know what "Left" is. Instead of spewing your unjustified and not grounded opinions, why don't you grace us with a hilarious explanation of what is "Left" about Elizabeth Warren who dedicated her life to studying the very laws on which capitalism depends. You can spew all you want - you just make the opposition to her election all the more absurd.
Elizabeth Warren will be one of the best ‘do-nothing’ politicians ever to represent the fine people of Massachusetts. She’s been a phoney her entire life and she won’t change because she knows no other way. God bless the Commonwealth.
This personal attack on her heritage is not constructive. She has worked very hard all her life, and Im sure she will continue this great work for all of us. Jim, try to be less hateful and more insightful. I'm sure you have more to offer than this. And, if you truly have a problem with Elizabeth Warren's work, well, you ought to state specifically what policies you think would be better. Call her office and lobby for your point of view to her staff. But, I honestly can't imagine what your objection could be unless you are a CEO of a bank, credit card processor, insurance company, oil company, big agri or lobbying firm.
Where do you read in my post that I am attacking her heritage? Your description of her career is hardly factual. "...work for all of us"? You are joking? There is nothing hateful in my post, only my opinion of the Senator-elect after having spent 60+ years on this great Earth. BTW, never held any of the jobs that you listed although I do know many outstanding individuals that have.
This comment has been removed.
There needs to be a bright line drawn between personal financial services and risky speculative investing. That's what they do In Canada. Very stable banking system there. Lots of oversight. In Massachusetts we can't rely on the financial services industry to employ everyone. It is an industry that doesn't make anything and doesn't do anything. Banks should be banks and investment houses should be investment houses.
Glass Stegall Act was passed after stock market crashed in 1929 to keep banks and investment companies separate. We no longer have those rules and we have banks backed by Insurance paid for by the government. So, we need Elizabeth Warren to use her knowledge to educate the others in congress why we need to bring back the same regulations under Glass Stegall. The Volker Rule keeps banks and investment companies separate.
The presumptive arrogance of these pampered plutocrats is astonishing. They were "shocked" that an "activist" could beat their well funded candidate. They just hope she will try and learn all the different parts of the state's financial system as though she couldn't possibly be aware of all this because after all she is just "an activist" and a woman activist at that. Clowns.
The presumptive arrogance of these pampered plutocrats is astonishing. They were "shocked" that an "activist" could beat their well funded candidate. They just hope she will try and learn all the different parts of the state's financial system as though she couldn't possibly be aware of all this because after all she is just "an activist" and a woman activist at that. Clowns.
The presumptive arrogance of these pampered plutocrats is astonishing. They were "shocked" that an "activist" could beat their well funded candidate. They just hope she will try and learn all the different parts of the state's financial system as though she couldn't possibly be aware of all this because after all she is just "an activist" and a woman activist at that. Clowns.
She is a nationally recognized expert on banking and commercial law.
This comment has been removed.
Throwing Abigail Johnson and her family in jail would a good start. Liz WE elected you to protect the middle class-Abigail and her family have done zip for this country except deposit our money in their personal bank accounts. A 90% tax on any yearly earnings over 1 million dollars a year would be a good start. NOBODY is worth more than a million dollars a year!!!!
And this is why bankers need regulations. In most big industries they throw money to both sides of the aisle to hedge their bet but bankers don't seem to have the forethought that things might go wrong for them. DUH!
If I were Elizabeth Warren, I would consider an appointment to the Banking/Finance committee a vindication of my campaign . I would embrace the opportunity, even as a junior member, to move forward on prevention of risky bank and financial sector practices. I would start a movement in Congress, putting them on a journey to insure that banks and financial institutions never again get "too big to fail" because some banks are bigger today than four years ago. I would use all my knowledge and experience to place restraints on conditions that could again lead to the Great Republican Recession. That means forcing banks to create subsidiaries after benchmarks have been reached.
But most of all, I would not accept money from financial institutions I am charged with regulating or exercising any oversight whatsoever! I would be comfortable knowing that I raised enough money from ordinary people to win once, and I can do it again without help from the financial sector that didn't help get me here in the first place. I remember why people voted to oust a popular but ineffective and inconsistent incumbent and I'm not about to repeat those mistakes. For everyone's sake in Massachusetts and the United States of America, I will not be compromised.
To: JIM1751
How can anyone, REGARDLESS of their political affiliation, who married too young, bootstrapped themselves, went to state colleges through adult education programs while raising children, acquired a law degree, became a nationally known and respected legal scholar, rose to the highest ranks of academia at Harvard, became an advisor to the president of the United States and was then elected a U.S. senator, be considered "a phony her entire life"? She is a dramatic example of the American Dream and a role model for all woman to emulate. Is there something wrong with your acceptance of successful people? What happened in your life that caused this?
To: JIM1751 To be "fair and balanced", I might add conservative Bob Dole as another dramatic example of coming from nowhere and bootstrapping himself from poverty in Kansas (north of Oklahoma) and onward to the U.S. Senate. His family was so poor, they leased their house to another family and then chose to live in the cellar. A decorated soldier, Dole was seriously wounded during WWII and spent two-plus years in the hospital after the war. G.I. Bill, (a great human investment) college, law school and the Senate. I absolutely do not agree with his politics but I have the greatest respect for him. He's another example of the American Dream. Why can't you see beyond your political blinders when it comes to the finest of American citizens??
fordfalcon: the mean, spiteful and ungracious post-electoral reactions of Republicans matches the mean, spiteful and ungracious electoral campaign we just finished. Warren, Obama, et al are intelligent, decent people who have been subjected to a systematic smear campaign by those who just cant stand being not in control of our, not their, government. Warren hasnt come this far to sell out to those who tanked the economy in 2008 ... Obama hasnt calmly and cooly put up with the unprecedented attacks on his heritage, his faith, his personality and his intelligence, just so that he can now give up what he has accomplished. we need to ignore the knownothings and the john birchers amongst us. they are distractions and mean, spiteful and ungracious morons.
This comment has been removed.