It looks like incoming Senator Elizabeth Warren has gotten exactly where she wants to be and exactly where big banks don't want her to be. HuffPost is saying they're hearing she's landed a seat on the Senate Banking Committee.
If you thought that a white Senate candidate running for office against another white candidate could never become embroiled in a racial battle, think again. And turn your eyes toward Massachusetts, where that's exactly what's happening.
Elizabeth Warren, the Massachusetts Democrat running for a Senate seat against incumbent Republican Scott Brown, claims she is one-32nd Cherokee Indian, a claim that, for a time, was supported by the New England Historic and Genealogy Society. This week, however, the society revised its original finding, saying, "We have no proof that Elizabeth Warren’s great-great-great-grandmother O.C. Sarah Smith either is or is not of Cherokee descent."
This week, Democratic Senate candidate Elizabeth Warren and Republican Senator Scott Brown signed a pledge to insist third-party groups stay out of their heated and important Massachusetts Senate race. Under the terms of the pledge, Warren and Brown must donate half the cost of any third-party ad to charity if the ad either supports a candidate or attacks their opponent by name. The goal is to eliminate the kind of ugly, unnecessary mudslinging that's come to be a trashy hallmark of American politics. Both candidates, who have already been the subjects of expensive, PAC attack campaigns, immediately hailed it as an important experiment. "This is a great victory for the people of Massachusetts, and a bold statement that puts Super PACs and other third parties on notice that their interference in this race will not be tolerated," Brown said in a prepared statement.
It's not been 48 hours since Warren and Brown made their announcement, and already the third-party groups have turned petty.
Elizabeth Warren just announced she is running for Senate, and already she has given the clearest pitch for taxing the rich we've seen in awhile. All other Democrats should be required to sit down and watch this video. She gets it, and they don't.
Elizabeth Warren and the CFPB staff meet with stakeholders.
The refrain that government should run more like business is common, but what about running businesses more like the government? It may sound like a silly concept in an age of extreme distrust in the public sector, but one role model is the Consumer Financial Protection Bureau, created by last year’s financial reform law to regulate everything from credit cards to home loans.