She maybe just what America needs if there is a rally of support for her. You can bet Soros will not be there as he is in the Hillary camp. And yes, she has the party machinery to overcome and what there maybe left to work with.
Sen. Elizabeth Warren. (photo: Boston Herald) RSN
By Joan Vennochi,
The Boston Globe
29 November 2013
Senator Elizabeth Warren, the champion of Main Street versus Wall Street, just got another boost to the presidential campaign she said she isn't running.
It lies in the $13 billion deal that JP Morgan Chase reached with the US Justice Department. The settlement, which ends the government's probe into the bank's risky mortgage business, reportedly represents the largest amount a single company has ever committed to pay Uncle Sam. That's significant - but so is the bank's unusual admission that it failed to disclose the risks of buying its mortgage securities.
Warren was a force in both aspects of JP Morgan's day of reckoning. After the economic collapse of 2008 - and before her election as senator - Warren led the charge for Wall Street accountability while overseeing the government response to the banking crisis. As senator from Massachusetts, she continues to push for down-in-the-weeds results and isn't shy about acknowledging her role in achieving them. In September, Warren told The Daily Beast that her lobbying of Mary Jo White, the newly installed chairwoman of the Securities and Exchange Commission, played a key role in getting government regulators to require more companies to admit wrongdoing, not just pay fines - which is what happened in JP Morgan's case.
The JP Morgan headlines play out as the stock market surges and unemployment ticks up. The gap between America's rich and poor is growing bigger. The divide creates an opening for a Democrat who speaks to the shrinking middle class, as well as to those already squeezed out of it.
Warren could be that candidate, if she chooses. The buzz about a White House run got louder after The New Republic's Noam Scheiber cast her as Hillary Clinton's "nightmare" populist opponent. As she completes her first year in office, Warren and various representatives insist she isn't running for president. But denials won't stop the pundits, or former Massachusetts Congressman Barney Frank, from putting her in the 2016 mix. Frank told the Globe that if Clinton doesn't run, Warren is a strong contender.
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