WASHINGTON -- Flush with money, media attention and national support for her Senate primary bid in Massachusetts, Elizabeth Warren had perhaps the biggest breakthrough in her campaign so far on Wednesday. She cleared the primary field.
Alan Khazei, the only major primary candidate still competing with Warren for the Democratic nomination to take on Sen. Scott Brown (R), announced that he was withdrawing from the race, according to the Boston Globe.
Khazei, a well-known social entrepreneur, had an uphill battle ahead of him. He trailed Warren in terms of campaign donations. And with the base of the party fascinated by Warren's candidacy and national Democrats privately cheering on the longtime consumer advocate, Khazei had little to no hope of breaking through.
By departing the race before it really got started, he followed in the footsteps of other one-time primary candidates, including Newton Mayor Setti Warren and Somerville activist Bob Massie.
“She has struck a chord, no doubt about it,” Khazei told the Globe in an interview. “It’s definitely affected my position. So fundraising has been tougher, and in terms of attention … It’s challenging. Things have definitely shifted.”
While party operatives argued that Khazei would not have posed much of a challenge to Warren had he chosen to stay in the race, his departure does allow the former Harvard professor to focus her time and resources on the general election campaign against Brown. It also will likely encourage Brown and allied groups to start ramping up attacks in haste, as they no longer have the luxury of seeing the Democratic field batter each other.
Introduces Financial Product Safety Commission
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Elizabeth Warren announced a bill creating a Financial Product Safety Commission with House and Senate Democrats in March 2009. The body was designed to have oversight over mortgages and other financial instruments to protect consumers against predatory practices. She said if the agency had existed before the subprime collapse then "there would have been millions of families who got tangled in predatory mortgages who never would have gotten them." HuffPost's Ryan Grim reported:
Without all these toxic assets on banks' balance sheets, the institutions wouldn't be on the brink of collapse and the recession would be more manageable. "Consumer financial products were the front end of the destabilization of the American economic system."
Sen. Charles Schumer's cosponsorship of the bill is notable because of his proximity to Wall Street. The bill's merit, the New York Democrat said, is that it regulates the actual financial product rather than the company producing it.
Elizabeth Warren announced a bill creating a Financial Product Safety Commission with House and Senate Democrats in March 2009. The body was designed to have oversight over mortgages and other financial instruments to protect consumers against predatory practices. She said if the agency had existed before the subprime collapse then "there would have been millions of families who got tangled in predatory mortgages who never would have gotten them." HuffPost's Ryan Grim reported:
Without all these toxic assets on banks' balance sheets, the institutions wouldn't be on the brink of collapse and the recession would be more manageable. "Consumer financial products were the front end of the destabilization of the American economic system."
Sen. Charles Schumer's cosponsorship of the bill is notable because of his proximity to Wall Street. The bill's merit, the New York Democrat said, is that it regulates the actual financial product rather than the company producing it.
Elizabeth Warren announced a bill creating a Financial Product Safety Commission with House and Senate Democrats in March 2009. The body was designed to have oversight over mortgages and other financial instruments to protect consumers against predatory practices. She said if the agency had existed before the subprime collapse then "there would have been millions of families who got tangled in predatory mortgages who never would have gotten them." HuffPost's Ryan Grim reported:
Without all these toxic assets on banks' balance sheets, the institutions wouldn't be on the brink of collapse and the recession would be more manageable. "Consumer financial products were the front end of the destabilization of the American economic system."
Sen. Charles Schumer's cosponsorship of the bill is notable because of his proximity to Wall Street. The bill's merit, the New York Democrat said, is that it regulates the actual financial product rather than the company producing it.
BROCKTON, Mass. -- Moments into a speech before volunteers here Wednesday evening, Elizabeth Warren was interrupted by a Tea Party supporter who hurled a gender-based...
Sen. Scott Brown (R-Mass.) is hitting back against a League of Conservation Voters ad saying that he's "gone Washington." The ad shows Brown throwing off...
Wall Street controls and dominates our political system with one party a wholly-owned subsidiary of Wall Street, and the other party trying to MAXIMIZE Wall Street bribes. The Congress and all Branches of Government is completely BRIBED and unresponsive to the PEOPLE who are driven ever deeper and deeper into debt and misery.
Glenn Beck
Read More... rants that people are going to be dragged from their homes and killed in the streets saying protesters are motivated by envy. GRAYSON said it`s only a matter of time before they do take him away in a straitjacket. N1X0NITE KRUD-L0W will follow.
People want Solutions to their problems but Neither Side is offering any. People are desperate for solutions. People are just fed up. Herman Cain says: get a job with 24 million people are out of work, that`s impossible.
PhilipTaylor: <blockquote> <b>Wall Street controls and dominates our political system with</b> one
Professor Elizabeth Warren
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Harvard Law School
Leo Gottlieb Professor of Law
Research Interests
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Empirical and Policy Work in Bankruptcy and Commercial Law
Financially Distressed Companies
Women, the Elderly, and the Working Poor in Bankruptcy
Subject Areas for Supervising Written Work
Bankruptcy
Commercial Law
Contracts
Empirical Studies of Legal Systems
Subject Areas for Accepting Press Inquiries
Bankruptcy
Business Failure
Business/Corporations
Consumer Debt
Contracts
Corporate Reorganization
Divorce and Bankruptcy
Environmental Law and Bankruptcy
Families in Bankruptcy for Medical Reasons
Health Care Economics
International Bankruptcy
Mass Torts and Bankruptcy
Medical Debt and Bankruptcy
Small Business Failure
Transnational Insolvencies
Education
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University of Houston B.S. 1970
Rutgers University J.D. 1976
Appointments
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Robert Braucher Visiting Professor of Law, 1992
Leo Gottlieb Professor of Law, 1995
( versus )
Scott Brown
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~ Drives a Truck
~ Took His Clothes off
~ Offered his daughter for ...
SundayTalker: Professor Elizabeth Warren ----------ÂÂÂÂÂÂ-----Â-Â-Â-Â-Â-ÂÂ--Â--Â--Â-Â-Â-Â-Â-Â--Â-Â--Â-Â-- Harvard Law School Leo Gottlieb Professor
I wouldn't count on anything - they threw out Kennedy's legacy when they voted for Brown just
like Tennessee abandoned Gore although he and his father represented the state their entire life.
Good luck Warren - you should have a great future in politics if the corporate media doesn't mess with you like they did by manipulating that microphone of Howard Dean who was campaigning
to enhance public radio and TV funding.
larrypsy: I wouldn't count on anything - they threw out Kennedy's
Scott Brown was in Texas last week fundraising. This is a coincidence since there have been ads on TV about his pandering to big oil and voting in its favor. Warren is our only hope to get rid of this phoney "against all odds".
Southend_Boston: Scott Brown was in Texas last week fundraising. This is
Good luck Elizabeth, we need more strong women in our Congress. As per article in Audubon, Pale, Stale, Male, is what we have ruining our Country. Just look at the old dudes in Congress, white, stale and with very little knowledge of what the country needs. Mostly they think of what they need, time for a change!
deebastet: Good luck Elizabeth, we need more strong women in our
you are so wrong. Massachusetts citizens are very savy and amazingly intelligent. They have had enough of the right wing nuttery too. Brown is one of them, no matter how much he tries to disguise himself. Warren will easily defeat him.
Sharon_Jurgensen: you are so wrong. Massachusetts citizens are very savy and
You are right I was just saying that today about John McCain. I live in AZ. I cannot think of one thing the man has done for us.
When he gets on local TV, you can bet he will tell you within the first miniute or two that he was a POW. We know John, we know.........................................
Mr_Self_Thinker: You are right I was just saying that today about
ELIZABETH WARREN + POPULATION DYNAMIC POLITICS:--
Massachusetts senate race is magnifying glass through which both parties want to contest it on the national scale.
If Elizabeth Warren succeeds as first term Massachusetts senator, then there'll be tremendous groundswell to nominate her to 2016 presidential race. There's fundamental compelling dynamics at work that makes the first woman US President very likely in 2016 with someone like EW.
Here's main reason why it's an idea and phenomenon whose time is ripe. It's the irreducible irrepressible driving force of population dynamics. It can be summed up by the population timeline equation:--
1945+65=2010
1945 was end of WW2 and beginning year of massive babyboom (global phenomenon). This population bulge has aged to begin retirement (+65), starting in 2010. Waves of additional tens of millions of senior citizens will be expecting and DEMANDING retirement services, benefits, safetynet politics + politicians, corporatism be damned. It's biological + historical fact that no male president has in his genetic DNA the female caretaker nurturing instincts. Male presidents start wars, and leave the mess to others. The historic moment is ripe to reject the male war genes and discard macho politics, and transition to maternalistic society and matriarchal nation of rapidly aging population. America over next few years will either transform itself (in culture + economics + politics), or descend into barbarous cannibalistic uncaring brutal society and nation. Elizabeth Warren will fight to restore humanistic just society in America.
Chopin: ELIZABETH WARREN + POPULATION DYNAMIC POLITICS:-Â- MassachuseÂÂtts senate race is
I wish the change would be that simple and peaceful. Methinks that the "good ole boys" will fight this tooth and nail. Men come out swinging wen threatened with the loss of power. Look atthe statistics of women in abusive relationships: it does appear that the woman who is strong is most likely to be abused for threatening the power. I would certaily support Elizabeth Warren for what I already know about her. The thing I don't know has to do with the quality of her skin - is it REALLY, REALLY tough? It will need to be!
maab76: I wish the change would be that simple and peaceful.
You're right about the "good ole boys" nexus of power in the class of 1%. It's a generally known truth that those who hold and exercise great power don't give it up easily or voluntarily. That's why most great (not all) transformational social + political change movements involve force and great violence. Those in the inner circles of the ruling class within the 1% plutocracy are watching the "Occupy Wall Street" movement unfold. They won't tolerate it evolving further and spreading out, without sooner or later resorting to their tried and proven instrument of repression, through official force and violence. But as the Egyptian Revolution of 2011 demonstrates, force and violence don't always carry the day, when pitted against an aroused, determined and cohesive 99%.
The population dynamic politics in the coming decade will sweep the American political superstructure like earthquake + tsunami tidal wave. The Regressives and GOP are betting on rolling back medicare, privatizing social security, and dismantling social safetynet. That folly pits itself against 10 million grannies and their 100 million extended families and communities among the 99%, ... that is, those who exercise critical thinking for themselves and aren't sidetracked nor bamboozled by "divide and conquer" tricks.
Elizabeth Warren would need to prove her negotiating skills, moral force, and tenacity in the Senate, then onto 2016 presidential race.
Chopin: You're right about the "good ole boys" nexus of power
And I think that is especially true of Barack Obama. You really understand that when you consider how loathe Obama was to give Warren the chairmanship of the commission she basically created.
mjc: And I think that is especially true of Barack Obama.
Thank You, Mr. Khazei. You have become part of the Solution. Congratulations. Count your days, Mr. Brown, tick tock tick tock.
Let's get to work 99%ers
Craig_Bovia: Thank You, Mr. Khazei. You have become part of the
Ahhh yes, the 'desperate commies' who want their equitable and reasonable treatment from these fascistic, psychotically greedy CEO/Stock Market/Free-Enterprise Economist Hacks and their Booty call lobbyists that couldn't give a "...." about Jesus or any other cognizant deity their TeaBagger/G.O.P ditto heads so constantly espouse. Lead us down the path to absolute CORPOROTACACY, the real 'people' the founding father intended the government to be all about!...
cartoonking09: Ahhh yes, the 'desperate commies' who want their equitable and
First Posted: 10/26/11 05:58 PM ET Updated: 12/26/11 05:12 AM ET