Elizabeth Warren

Elizabeth Warren

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Elizabeth Warren is the Leo Gottlieb Professor of Law at Harvard Law School, where she teaches contract law, bankruptcy and commercial law. Her latest book is All Your Worth.

Blog Entries by Elizabeth Warren

Who Has Tea with the Queen?

Posted July 31, 2005 | 02:17 PM (EST)


Newsweek counts eight ambassadorships handed out to $100,000-plus donors since January. Add in Bush's appointee from Friday, billionaire Roland Arnall, and that brings us to a Big Donor Appointment Rate of one every 24 days. Billionaires, get your bids in now.

Roland Arnall paid in at least...

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No Bad Deed Goes Unrewarded in This Administration

Posted July 29, 2005 | 07:18 PM (EST)


Today Ameriquest set aside $325 million in anticipation of a flood of lawsuits from defrauded customers. And at the same time, financial reporters have uncovered some very tricky accounting gimmicks used to keep the mortgage industry looking healthy.

President Bush had a quick and decisive response: Today he...

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A One-Way Deal with MBNA

Posted May 28, 2005 | 06:39 PM (EST)


Make your payments on time and what happens? Maybe you do OK and maybe you end up with a huge rate hike.

Remember how former FBI Director Louis Freeh testified before the Senate last week that his new boss, credit card giant MBNA, never jerked up interest rates...

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If Congress Listens, Who Cares If It's True?

Posted May 22, 2005 | 08:44 PM (EST)


You have a low interest credit card and you do everything the card company wants—payments on time to the company, payments on time to everyone else, clean fingernails—everything, so your interest rate stays the same—right?

Wrong.

After the Congressional Hearing on Tuesday where a former FBI director

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Is Louis Freeh Telling the Truth?

Posted May 19, 2005 | 05:31 PM (EST)


Did a former FBI director lie to Congress about his new boss's questionable business schemes?

Say you took out a credit card with a fixed 6.9% interest rate, charged up some items and faithfully made your payments on time. One month you discover that the bill has jumped to 29.9%....

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Special Rules for Credit Card Companies?

Posted May 9, 2005 | 12:00 AM (EST)


Let’s say you buy a new washer and dryer. The sticker says $2200, and you pay $2200. If the store called you up two months later and said, “We changed our minds. We want $4,000 for those babies,” you’d tell them to jump in the lake. But let’s say you...

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