Elizabeth Warren

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  • 1. Elizabeth WarrenBENEDICT GOMBOCZ

2. Personal detailsPersonal details Born June 22, 1949 in Oklahoma City, Oklahoma Member of the Democratic Party (since 1996; was a Republican until1996) Graduate of George Washington University, University of Houston(B.S.), Rutgers School of Law-Newark (J.D.) Senior senator from Massachusetts (serving with Ed Markey) sinceJanuary 3, 2013 Special Advisor for the Consumer Financial Protection Bureau,September 17, 2010-August 1, 2011 Chairperson of the Congressional Oversight Panel, November 25,2008-November 15, 2010Official Senate portrait, 113th Congress 3. SynopsisSynopsis Elizabeth Warren (D-Mass.) is a Senator from Massachusetts who waselected to the U.S. Senate in November 2012 at age 63. Warren formerly worked as one of President Barack Obamasassistants who was involved in designing the Consumer FinancialProtection Bureau, among a number of other positions. Born on June 22, 1949, Elizabeth Warren was the first in her family tograduate from college; she acquired her law degree from RutgersUniversity. She was chosen to supervise the National Bankruptcy ReviewCommission (NBRC) after she had a job as a law professor at HarvardUniversity. She also presided over the Congressional Oversight Panel for theTroubled Asset Relief Program (TARP) in 2008. Four years later, Warren was elected to the U.S. Senate over heropponent Scott Brown, the incumbent Republican. 4. Early LifeEarly Life Born Elizabeth Ann Herding in Oklahoma City, Oklahoma on June 22,1949, Elizabeth Warren was the youngest of four children (and theonly daughter) of Donald and Pauline Herring. Warren spent much of her early years on what she referred to as theragged edge of the middle class. Her father worked mainly as a maintenance man; when he suffered aheart attack that resulted in expensive medical bills, Warrens mothermade extra money by working at Sears catalogue-orderdepartment. At the age of thirteen, Warren began helping by working as a tablewaitress at her aunts Mexican restaurant. Yet money was still tight, in spite of attempts to eliminate the familysfinancial stress; because there were few finances, Warren recalledher mothers reluctance to take her to the doctor.Skyline of Oklahoma City from I-35 5. Early Life cont.Early Life cont. An intelligent student, Warren became a state debate victor andgraduated from high school when she was only sixteen; she enteredGeorge Washington University on a full debate scholarship the sameyear. Warren left the university after only two years there to marry her highschool sweetheart, NASA mathematician Jim Warren; the couplemoved to Texas, where Elizabeth completed her degree in speechpathology at the University of Houston, which made her the firstmember of her immediate family to finish college. The couple moved to New Jersey, where Elizabeth worked in publicschools and assisted children with disabilities; during that time, thecouple gave birth to two children: a daughter, Amelia, and a son,Alex. On the day that Amelia turned two, Warren started graduate schoolfor law at Rutgers University; she obtained her J.D. in 1976, andpracticed law in her living room.George Washington University 6. University of Houston Rutgers University 7. Elizabeth Warren as a student at the Universityof Houston in 1970, age 21 8. Political Career By 1978, she and Jim had divorced. In the year after the annulment, Warren began to observe the challenges that the American middle class was dealing with; she specifically studied a1978 law passed by Congress that made it easier for corporations and individuals to declare bankruptcy. Warren decided to analyze the reasons that Americans found themselves in bankruptcy courts, and concluded that the majority of the financial victimsbelonged to middle-class families who lost their jobs, dealt with financial suffering from a divorce, or suffered diseases that destroyed their savings. From there, she turned her attention to research on bankruptcy and commercial law, more specifically on how it affected financially distraughtcorporations and women, senior citizens, and the working poor. 9. Political career cont.Political career cont. In 1980, Warren married Harvard law professor Bruce Mann; she kepther last name from her first marriage. Warren and Mann traveled around the United States together, withWarren teaching at schools like the University of Texas, the Universityof Michigan, and the University of Pennsylvania. In 1995, the couple finally found a living in Harvard; the same year,she was asked to direct the new National Bankruptcy ReviewCommission. During her tenure as chief adviser, Warren testified againstCongressional attempts to restrict consumers ability to file forbankruptcy. In spite of her best attempts, the bill was passed in 2005; it was seen asa triumph for the business lobby, and a defeat for Warren.Bruce Mann campaigns on behalf of his wife duringthe Massachusetts 2012 Senate election 10. Political Career cont.Political Career cont. In November 2008, Senate Majority Leader Harry Reid (D-Nev.) appointedWarren to head the Congressional Oversight Panel (as a special advisor),which was established to keep a close eye on the $700 billion bank bailoutknown as the Troubled Asset Relief Program. Warren led investigations, managed televised public hearings, directedinterviews of government officials, and submitted recurrent reportsdemanding responsibility from banks. For her efforts to identify errors, The Boston Globe named Warren Bostonian ofthe Year in 2009. She took part in designing the Consumer Financial Protection Bureau as partof the Dodd-Frank financial reform legislation, in July 2011. Policing credit financiers and stopping customers from inadvertently signingup for hazardous loans was the CFPBs primary goal. However, Warren was not selected to lead the agency, mostly because ofopposition from Republicans. In August 2011, she resigned as special advisor for the CFPB; the followingmonth, President Obama appointed her as his special assistant.Elizabeth Warren looks on as President Obama announces theappointment of Richard Cordray as the CFPBs first director,July 2011 11. Elected to U.S. SenateElected to U.S. Senate Warren formally announced her bid for the Senate on September 14,2011, challenging Republican incumbent Scott Brown, who previouslywon the 2010 special election for the deceased Ted Kennedys seatagainst Paul G. Kirk. Around the time of her announcement, a speech that Warren gavewent viral on YouTube, recommending her to mainstream supporters. In the clip, filmed in a casual living room meet-and-greet, the Harvardlaw professor demonstrated how everyone profits from roads, publicsafety, and the public education system in the U.S.; all of them arepaid for by taxes. You built a factory and it turned into something terrific or a greatideaGod bless!" she said. "Keep a big hunk of it. But part of theunderlying social contract is you take a hunk of that and pay forwardfor the next kid who comes along. The talk won some recognition for Warrens rise in the polls.Warren waves as she speaks at a campaign rally inBostons Roslindale neighborhood, Friday, September 21,2012 12. Warrens rise in the polls (June 2011-March 2012) 13. Elected to U.S. Senate cont. In early 2012, Warrens campaign faced legal trouble when she was in a media scramble regarding her Native American descent claims. Reporters for the Boston Herald were unable to uncover any evidence of her alleged Cherokee heritage; her claim was also disputed by a Cherokeegenealogist. In an effort to overcome the dispute, Warren issued a statement to Bostons WBZ-TV: "Growing up, my mother and grandparents often talked about ourfamily's Native American heritage. As a kid, I never thought to ask them for documentationwhat kid would?" Warren further clarified that, "I never sought nor gained personal benefit in school or job applications based on my heritage." 14. Elected to U.S. Senate cont.Elected to U.S. Senate cont. In June 2012, Warren secured the Democratic nomination in theSenate election; she was now running against Scott Brown in a tightrace. A September 2012 poll from Public Policy Pulling showed Brown in thelead with five points above Warren. Later that month, however, Warren gained national experience asone of the speakers at the Democratic National Convention inCharlotte, North Carolina; this won her the favor of several critics aswell as a small lead in the polls. At the convention, she emphasized the necessity for economic andgovernment changes: "America's middle class is getting hammered,and Washington is rigged to work for the big guy," Warren told ABCNews.Scott Brown (R) speaks with Elizabeth Warren (D) during theirthird debate in Springfield, MA, Wednesday, October 10, 2012 15. Warren speaks during the third day of the Democratic NationalConvention in Charlotte, NC, Wednesday, September 5, 2012 16. Elected to U.S. Senate cont.Elected to U.S. Senate cont. In November 2012, Warren won the election and her first term in the Senate;she defeated Brown by a slight margin. To the residents of Massachusetts, Warren states on her website, I won't justbe your senator, I will also be your champion. Warren, who has written numerous academic and popular works and isregularly mentioned in media interviews regarding the U.S. economy andpersonal finance, is seen as a leading voice among progressivism in the U.S.;she has often been mentioned as a possible presidential candidate for 2016,even though she has continually stated that she is not interested in running.Results of Massachusetts Senate election, 2012 17. VP Joe Biden gives the oath of office to MassachusettsSenator-elect Warren, Thursday, January 3, 2013Senator-elect Warren takes the oath of office again in a mock swearing-inceremony in front of supporters in Boston; accompanying her are husbandBruce Mann, Senator John Kerry, and Justice Elena Kagan, Saturday,January 5, 2013 18. So